Businesses

Formally called the theory of the firm, the business category focuses on ownership, production and competition. Our goal is to understand business behavior. For ownership, topics include the corporation and sole proprietorships. For production, the focus involves maximizing profits. With competition, topics relate to a continuum that spans the 4 basic market structures: perfect competition, monopolistic competition, oligopoly and monopoly.

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    Marginal Children

    Feb 1, 12 • 1770 Views • No Comments

    By Mira Korber, guest blogger. American births are on the decline; the number per year has fallen from 4.3 million (2007) to 4 million (2010), perhaps due to a shaky economic situation. However… Why is raising more kids less expensive (in some ways,......  [read more]

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    Amazonian eWarfare

    Jan 31, 12 • 466 Views • No Comments

    By Mira Korber, guest blogger. The Amazon rainforest may be shrinking, but Amazon.com certainly isn’t. The superpower “e-tailer” has all but taken over, and it’s selling just about anything, but Amazon.com threatens one industry just......  [read more]

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    Encouraging Innovation

    Jan 29, 12 • 716 Views • No Comments

    “Steve had this firm belief that the right kind of building can do great things for a culture.” The Steve is Steve Jobs and the building is Pixar’s headquarters. (The quote came from Walter Isaacson’s Steve Jobs) The usual Hollywood......  [read more]

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    Let Them Eat McDonald’s

    Jan 27, 12 • 585 Views • No Comments

    By Elizabeth Chrystal, guest blogger. France has long been known as a country of gourmets; it’s famous for its 2-hour lunches, picture-perfect pastries, and dizzying variety of cheeses. But the country that gave us succulent dishes like coq au vin and......  [read more]

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    Clandestine Competition in China

    Jan 24, 12 • 425 Views • No Comments

    By Mira Korber, guest blogger. If you asked an American government official if you owned the teeth in your mouth, you would probably get some very strange looks. But, imagine hearing “no” as the answer to your question. The year would be 1978, and......  [read more]