We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Economy - Essay Example

Unresolved unemployment rates and budget deficits are examples of indicators to economic problems and the federal government should rise to the task and ensure necessary policy initiatives towards saving the economic stake of American taxpayers. One of the identified root causes of economic problems is the decline in profit margin from entrepreneurial ventures. Even though this has been a long-term problem, no solution has been found and the consequences continue to spread through high unemployment rates and low wage rates. Earlier strategies to solving the problem through expansionary approach through macroeconomic factors such as fiscal and monetary policies for example reduced unemployment rates but at the same time caused inflation. ‘Contractionary’ measures however resolved inflation but increases unemployment rates. Consequently, a comprehensive approach to resolving the profit rate dilemma, and sustaining the already achieved rate, should be explored. This is because the adopted strategies by the private sector to improving their profit rates have adversely affected citizens through imposed low wage rate, lost jobs and increased work input at no extra consideration. The government should therefore initiate specific employee protection policies to ensure that employers to not overexploit employees in their profit rate maximization. Such policies would include stipulation and strict implementation of minimum wages and working conditions (Mosley 1). The role that the housing crisis

Check these samples - they also fit your topic

Customer name Instructor Academic year Introduction The World Trade Organization (WTO) is an umbrella organization that was founded after the Uruguay Round of multilateral trade negotiations (Ezeani 2010). It is considered as the only international organization, having extensive reach all over the world, which makes and regulates trading rules and activities amongst countries (Bruch & Environmental Law Institute 2002).
20 pages (5000 words)Assignment
In other words it can be explained as that bullion report called for the return of the standard of gold, which can be regarded as a safe rule for the working of the monetary policy. Although bullion decision was rejected by the parliament to quickly restore the gold standards, however the debate of bullion report influenced the decision of the parliament and the standards of gold were restored after the Napoleonic War.
4 pages (1000 words)Essay
The main bloodstream of Europe is the interbank credit system that enables the banks in Europe to avail credits from other banks of the European Union. A debt crisis in Europe had a ripple effect that impacted the entire banking system in Europe and the whole economy.
6 pages (1500 words)Essay
The article mentioned that UK avoided its third recession by registering a growth of 0.3% in the first quarter of 2013. This growth in the economy was observed after a flat performance over the last 18 months. The marginal growth in the economy of UK has been due to the progress in the services sector than contributions from the manufacturing industry.
8 pages (2000 words)Essay
China today represents a new form of economic development and this country has witnessed sustained financial growth while resisting pressures to democratize and has
1 pages (250 words)Essay
This deficit needs to be financed or funded by some sources which are often in the form of increase in the national debt via public or international borrowing. However, this borrowing increases the amount of taxes to be paid because the borrowing is not only to be repaid
6 pages (1500 words)Essay
GDP takes into accounts all these diverse types of spending that are taking place in a country (Mankiw 208). In order to gain an
2 pages (500 words)Essay
Incase interest rates in American debt return to average levels, a complete collapse is predicted. Based on the rapid decline of the dollar, and the amount of
3 pages (750 words)Essay
It helps in forecasting gross domestic product (GDP) of a nation (Hubbard1-29). In this discussion, the main objective is to critically evaluate
4 pages (1000 words)Essay
Ricardo’s most important contribution to economics is his theory on comparative advantage which formed the basis of international trade. In 1815 he wrote the Essay on the Influence of Low Price of Corn on the Profits of Stock. In
4 pages (1000 words)Essay
played in worsening the American economy also means that measures should be taken through the interdependence of the arms of the federal government to ensure higher accountability of the Federal Reserve in formulation and implementation of its fiscal and monetary policies. This is because the Federal Reserve or the other arms should have foreseen and prevented the housing crisis. Exercising presidential veto powers to recall unsound or risky policies, by federal agencies is a possible solution (Mosley 3-9). The two problems, the private sector’s move to increase their profit rate and government agencies’ weak approach to detecting and preventing economic crises, can also be resolved by increasing the government’s direct role in the economy. This is because the American economic problems are factors of the capitalistic system that allows capitalists to dictate resource distribution. Nationalizing the economy will however empower the government to manage and control resources and resource allocation at the citizens’ economic interest. The approach will for example ensure effective protection of employees’ interest instead of profit maximization. Similarly, significant direct involvement in economic sectors such as the banking sector will allow for responsibility among other players in the sector because any initiated crisis will not dictate government bailout. This is because current private sector domination means that failure by the government to bail out players, during a crisis, would mean a collapse of the sector. Significant government participation in product delivery would however sustain an affected sector and instigate
Cite this document
  • APA
  • MLA
(“Economy Essay Example | Topics and Well Written Essays - 750 words - 2”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1462344-economy
(Economy Essay Example | Topics and Well Written Essays - 750 Words - 2)
“Economy Essay Example | Topics and Well Written Essays - 750 Words - 2”, n.d. https://studentshare.org/macro-microeconomics/1462344-economy.
  • Cited: 0 times


Economy Introduction Economics, the knowledge of generation, use, and transfer of wealth, is an essential element to every society. This is majorly because availability of resources is essential to meeting different needs, both social and entrepreneurial. While microeconomic concepts affect individuals or small groups of people and can be controlled at such levels, macroeconomic elements are felt at national levels and are influenced by national and international policies…
Read TextPreview
Comments (0)
Click to create a comment or rate a document
Let us find you another Essay on topic Economy for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us