Extended Project Essay Example | Topics and Well Written Essays - 1500 words

lengthy Project - Essay Example more crimes committed by young men than young women. The light upon focus of the paper is to reveal the inner crux of the theme with a background focus on scotch reasons. An in-depth evaluation of the selected theme would facilitate to derive an downstairsstanding regarding the factors especially the stinting factors that encourage more males to commit crimes than young women. Economic Reasoning In this section of the paper, the aforementioned economic suppositions namely economic learning including scarcity, opportunity cost and margin analysis, Handy Dandy guide, REMM-Decision Making determine, along with evaluating certain economic systems such as circular flow, market failure and command among others will be explained in a precise manner. Market Failure It is disrupticular economic situation in which a company or a business entity has to suffer from economic losses resulting out of non-achievement of the broad business objectives. This term preserve also be understood as a electronegative aspect which is faced when certain pre-determined objectives be not met within the overall marketing mise en scene (Carden & Horwitz, 2013). Handy Dandy Guide This concept comes under the aspect of economic learning. It is referred as an assessment tool which is utilized in studying the behavioral exercise pattern of the people. It is used for determing the choices of the people and also for highlighting the costs involved in peoples choices. It also explains the different choices people make and certain consequences that they face which may take a negative or a positive form (Pennsylvanias State P atomic number 18nt Advisory Council, 2006). Economic study This aspect can be understood as the figure out of gaining knowledge in the overall context of economics. This form of learning can result in the achievement of greater aspects of economical knowhow. REMM-Decision Making model This particular concept is an integral part of eco nomic learning. It is termed as the motion which is utilized for closing and finalizing the decisions that are needed to be made and also to find suitable preferences for each of the decisions (Saunders & Gilliard, 1995). Opportunity Cost This concept comes under the periphery of economic learning and is regarded as an economical term which primarily refers to the price of an alternative that is needed to be forgone for the purpose of pursuing a certain action (Saunders & Gilliard, 1995). Scarcity Scarcity refers to unavailability of required resources to obtain desired along with necessary aspects. Scarcity in economic parlance emerges from shy condition of the prevailing social structure and economy (Saunders & Gilliard, 1995). Margin Analysis Margin analysis refers to the process of analysis of the margins of a company. This process is precisely followed in determining the overall profits of a company. The process of margin analysis can be performed by way of performing econo mic calculations and specific fiscal analysis. This aspect is however considered to be very important as with the help of proper margin analysis, the true(a) state of the companys profitability can be determined (Saunders & Gilliard, 1995). Literature Review This part of the paper will primarily highlight all those factors pertaining to the deeper analysis of the above mentioned economic concepts. The concerned wrong represent greater significance in relation to the overall