The economy can be framed within the social sciences group since it is dedicated to the study of productive and exchange procedures, and the analysis of the consumption of goods (products) and services. The word comes from the Greek and means “administration of a house or family. The new definition of economic science, if we consider economic science, is a stream that analyzes how human beings meet their unlimited needs with scarce needs that have a different purpose. If any resource use for the production of a specific good or service, it’s assuming the cost of not actuality able to…
Author: marketing2business
As the world continues to experience the positive effects in Digitization, the Iraq government is already reaping the benefits and plans to realize its full potential come 2030. Iraq is still shaking the negative effects of war, and a lot of weighty decisions need to be done to help the country stabilize economically. Some of the country’s focus is embracing digital transformation not only to create jobs but to strengthen the economy and tap the international market. In recent years, Iraq has been collaborating with various foreign countries to help in the reconstruction process. Nowadays, when you go around the…
Increasing profitability, improving productivity levels, optimizing business operations, etc. All of these sound familiar? Well, they should – they are the most common goals of every business owner. Getting to them means elevating every aspect of your organization. And who wouldn’t want that? While there are many tools and techniques which can get you there, one stands out from the others, and it’s a time tracker for work. In this article, we’ll explore what this tool is, how it works, and why your business needs it. What Is a Time Tracker, and How Does It Work? Time tracker, or a…
With the flow of flourishing businesses, entrepreneurs have to come up with the most effective methods on how to encourage a customer to find and purchase their products. And it can be a challenging task, especially at present, in the times of the dominant rat race, when everyone wants to reign supreme. The competition has never been higher than now. To attract potential clients, it’s not enough to sell good-quality products since others may offer similar goods even at a lower price. What then? To stand out from the crowd, you need to be original and promote your business in…
Investment banking is an exclusive banking sector which is specifically related to creating capital for companies, governments, and other business entities. The concept of banking has several uses. One of them refers to all banking sectors and bankers. The bank, therefore, can refer to the entities that are dedicated to facilitating financing. Investment Banking On the other hand, it is an economic concept linked to the placement of capital to achieve a future profit. This means that the investor resigns an immediate benefit for a future one that is unlikely, but in principle, should be greater than the current one. The investment includes three main…
It’s hard to imagine a business strategy without conducting proper competitive research. If you aren’t familiar with your opponents in business, it will be impossible to understand who is the greatest threat, how to defeat your opponents, and where you should concentrate your efforts. Competitive business research helps develop the company’s promotion strategy and be one step ahead of your opponents. Usually, customers surf the Internet to find feedback about services or products they are offered. That means you need to hire a good marketing team who will be in charge of your promotion on the Internet. Even students don’t…
The most common use of the concept has an economic sense: inflation is, in this case, the sustained rise in prices that has negative effects on the economy of a country. This means that, with inflation, the prices of goods and services rise, which generates a fall in purchasing power. For example: a worker used to buy 30 kilograms of food with his salary of 1,000 pieces. A few months before the existing inflation’s, that same salary allows you to buy just 10 kilos of food. This phenomenon can originate for very different reasons; Let’s look at three cases below:…
Small businesses are the spine of every nation’s economy, contributing up to approximately 44% of the national Gross Domestic Product. With the increasing rate of cyber security, there is a need for small business enterprises to keep check of their defenses so that they are always on the safer side from bad actors and risks arising from cyber security-related issues. As Verizon’s 2019 study indicates, 43% of all cyber breaches are reported on small businesses. Some of the mistakes committed by these small businesses resulting in their exposure to cyber security include: Basic Mistakes Committed By Small Business They Are: Exposing their Admin Account…
Are You Ready to Make the Leap? More and more businesses are migrating to the cloud every year. They are looking to increase their efficiency by better managing their company’s infrastructure. Relying on a cloud service provider allows its employees to focus on other tasks that are vital to the growth and profitability of the business. With all the benefits of cloud migration, you may find yourself asking if you’re ready to make the leap into the cloud. Here are a few questions to ask before leaping. #1. How much risk are you willing to take on? There are plenty…
The past year has shown us some pretty cool methods on how to launch and promote a successful brand by using smart selling strategies. Still, trends in digital marketing are moving so rapidly that we are constantly at risk of losing the track and, due to the slightest omission, send our product back to the beginning. To stay in a game, we need to follow new courses and create the most reliable strategy as soon as possible. What Can Digital Marketing Offer Next? The first task among marketers is to improve the existing tools that we had the opportunity to…