are the principles of equality and secondly freedom. U.S. upholds the rule of equality among its citizen with regards to services provision, the rule of law and justice. All these have contributed to a fair…
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An average American and Indian live relatively different lives. This is due to fact that the population level hits more than 300 million in India. The high population rate has strained the economic and natural resources of the country to an extent that almost 30% of the India’s population live below the poverty line. Poverty remains a chronic condition in India (Zhu, 2008). The great industrialization in the U.S. has put high rate of efficient production in relation to a manageable population levels makes the living standards of the American citizens to be at par.
Education –the change in American education system that is practical oriented is an avenue of economic prosperity as the citizens specialize in areas of best in ability and interest to hasten the production levels and efficiency in such fields rather theoretical aspects that contribute less to the general output (Cheneryet al., 2001).
Human resource expertise –this would entail experience and job specialization. The growing industrialization in the U.S. is a hub of experience gain and job specialization in creating efficacy and increased productivity among the people. Experience gained in the line of duty is resourceful to the development of the individuals.
Consumer purchasing power (CPP) –the cost of a unit good that a dollar can purchase has a great impact on the lives of the individuals. This bundle of good that one can have in a basket would impact on his social well-being as this entails what limits to consume with the ability to afford (Arnold, 2011).
Currency stability –the economic stability of the domestic currency with respect to the dollar is impacting so much on the lives of the individuals (D’Souza, 2008). When the local currency is stable enough there is certainty in doing business and its prospects can be estimated to project on the sustainability of the
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1) A single-price monopolist's demand curve A) Is the same as the market demand curve? B) Is its marginal revenue curve. C) Shows that demand for the good is perfectly inelastic. D) is horizontal. E) Shows that demand for the good is perfectly elastic. 2) Expenditures on advertising A) Are variable costs so do not affect the average total cost.
Such elements are bound to be reflected through an enhancement in the output being generated but also through an improved rate of employment and reduced rate of poverty. Market system is often regarded as the best mechanism for assuring a society about a good investment climate through an efficient allocation of scarce resources in a society.
Many studies have shown great influences of the macro economic conditions on the property market development in UK. In this essay, the problems faced by the housing market in UK are examined and evaluated. These are discussed with the help of specific examples.
Introduction The very recent outburst of the housing price bubble in the most advanced and developed economies of the world has raised in serious concerns about the management of the macroeconomic tools, measures to combat the inflationary pressures especially by the public authorities, as that led to a financial crisis, and the consequences of the financial crisis had to be faced by the global financial economy.
2004). The accountant’s notion of economics, however, may not exclude the notion of “externalities” and “opportunity costs” that are usually factored in the usual economic analysis economists (Stiglitz 2001). Meanwhile, an important accounting is managerial accounting which “is the process of identifying, measuring, analyzing, interpreting, and communicating information in pursuit of an organization’s goals” (Hilton 2010, p.
Relative scarcity is the chief concern of micro- economic environment. Through it, the business organizations could easily understand the level of interdependence the independent components have in between them. Thus, policies of business organizations could be framed not only by considering the decisions of consumers, employees, investors and management but also pattern and shape of future discourse of market behavior as well as behavior of individual consumers.
to 2007, on the back of a long streak of unprecedented growth, on the back of a government-backed reform program that got it privatizing previously government-owned enterprises, and that got it likewise off expensive social welfare. The financial crisis of 2008 hit Britain hard
Critics of mixed economy argue that government intervention can ensue uneconomical decision making, primarily influenced by short-term factors. The labour market in London is a good example, where forces of supply
According to Leegin Incorporation, this was bound to promote competition between the retailers in product promotion and customer service. However, Leegin later discovered that one of the retailers, PSKS, was selling its products at a discounted price (Roberts et al., 2007).
The long run boost in house prices are influenced by the demand for housing surpassing supply. However, there are other factors influencing demand and supply. It has been approximated more houses must be constructed each year to meet the prospect
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