Archive for the ‘Industry’ Category

Why Are Gas Prices So High?

Why Are Gas Prices So High?
Gas is one of the important commodities in the world because this is used in operating large equipment and vehicles. Unfortunately, gas companies have limited control over the prices of the commodity in the world market because there are various factors that affect the costs of the product. In present days, most consumers complain about the high prices of this commodity. To know why are gas prices so high, it is best to look at the different factors that have great impacts on the costs of this product. Improving Oil Demand Why are gas prices so high? One of the important factors that affect the costs of the commodity is the improving demand of consumers for oil. According to some economists, the developing economies of India and China have great effects on the increasing demand for oil....

Why Free News Media is Important?

Why Free News Media is Important?
Because they are so prevalent, few people realize the importance of free news media. The truth is that they form a vital part of any democratic society. Reporting the Facts This is its most basic role. It’s only natural for any government to look or report on only the bright side of things. The news organizations on the other hand, can state the facts. This role is critical to understanding events not just in your country but the world at large. An example would be economic news. While a government may report glowing figures, journalists perform man on the street interviews and stories. This gives you the chance to look at the entire picture. The importance of free news media can also be seen when reporting from various parts of the world. In countries where military juntas rule, people...

Why Are the Big 3 Automakers Losing So Much Money?

Why Are the Big 3 Automakers Losing So Much Money?
The unraveling of Ford, General Motors and Chrysler have become lessons in how not to manage a company. Although the situation for each corporation is different, here are some of the shared reasons why car sales statistics are falling and the big 3 US automakers are losing money. High Labor Costs Chief among them are the labor laws and costs. The three companies all have powerful unions and they have exercised great power during negotiations. As such, workers for Ford, GM and Chrysler make more dollars per hour than in most other companies. In addition they also have extensive health coverage. It’s been estimated that GM spends over $1,600 per vehicle on health care alone. It is also worth pointing out that GM has an extensive retirement program. What this means is that the retirement...

Why Do Companies Downsize?

Why Do Companies Downsize?
Whether you’re an employee or employ workers, you need to know why companies downsize. This knowledge can make the difference between recovering or going bankrupt. To Reduce Costs The primary reason is to keep the costs down. Business enterprises usually have long term forecasts. These are used to make decisions in the present. If the forecast is that it will lose money, cutting jobs or shutting down factories may be the only option. Sometimes this takes place without the result of a long term study. An unexpected event like an economic crisis can happen. In this situation, the corporation may be forced to make mass layoffs. This is one reason why companies downsize. To be More Profitable In some cases a firm might decide to do it to make more money. It can happen that a company expands...

Why is Agriculture Important?

Why is Agriculture Important?
Agriculture is defined as a science focusing on the systematic way of producing goods through forestry as well as farming. Historians agree that agriculture played an essential role in the development of civilizations because it covers various fields of study that are significant to the survival of humans. There are numerous reasons why is agriculture important to humanity. Knowing these reasons is significant to maintain political, economic and social stability in the different regions of the world. The Importance of Agriculture Why is agriculture important? Agriculture is the key element to the discovery of the various means of collecting and storing foods during the early times. The concept behind the creation of food surpluses will not be developed without people’s understanding of...