The country has a mixed economy whose free market approach has facilitated economic growth. This paper seeks to discuss the country’s economy. The paper will explore how the economy works towards its sustainability.
One of the…
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As opposed to a purely capitalistic economy, the mixed economy in Iceland ensures regulated private ownership and safeguarded welfare of the citizens, a feature that limits exploitation of the public and concentration of resources in the hands of few individuals at the expense of other citizens. The country’s economy also operates through investments into creation of employment opportunities. Reported data on the country’s economy for instance indicates low unemployment rates, an indication that job creation is a prioritized economic policy (CIA, p. 1).
One of the core bases of the Iceland’s economic sustainability is its fishing industry. According to CIA statistics, the industry is responsible for about 12 percent of the country’s economy and is a source of employment to at least seven percent of the country’s population. The fishing industry also sustains Iceland’s economy through the vast export of the fishery products. Contributing about 40 percent of the country’s export identifies fishing as a major source of foreign exchange to the country. The export aspect from fishing industry also indicates the country’s involvements and derived benefits of international trade. International trade is therefore another base for Iceland’s economic functionality and sustainability and includes other exports other resources such as metal ores. The economy is also characterized by significant foreign investments. With cheap energy sources such as geothermal power, the country has been able to attract investors from across the world. Investments in the economy have also undergone diversification towards exploration and exploitation of different available resources in the country. Further, the country has been able to attract foreign revenues through foreign investments by its domestic industries such as its financial institution. The
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Consultancy has a very broad theme to describe its fundamental principles and activities, ranging from management consulting linked with organisational change to public relations consulting that involves improving one’s corporate or celebrity image. Because of the dynamically-different roles of consulting, the notion of identity becomes an interesting topic of study to determine whether identity formation in such a diverse field maintains a positive or negative impact on work attitudes.
Numerous researches and experiments are being undertaken to discover a cure for AIDS. An old drug that was used before now opens new possibilities in the treatment of this pandemic. This drug that resulted from biotechnology is derived from a naturally occurring protein in the body called interferon (Bardi par.1, 2, 4; Kallings, 218; Gallo).
The author promotes Iceland’s concept of quasi-relative method of measuring poverty. It says that poverty is inflicted on the poor people not only due to their own shortcomings but also due to social bias, injustice in income due to their poverty and having more members in the family than they have the ability to support.
This drug possesses similar traits to amphetamines and improves the previously mentioned conditions by stimulating neural activity. According to its chemical structure and properties, Modafinil may be classified as a CNS stimulant however; the drug interestingly is not accompanied with side effects that are observed after usage of drugs in the same classification (Saletu &Saletu-Zyhlarz, 2013, 231).
Many United States companies like McDonalds, Unilever, Kentucky Fried Chicken and 7 eleven 24 hours have set up their branches in many major cities around the world.In 2006, "The mighty United States stock market is defying gravity.
Iceland banks have also been living with a reputation of having employed just 75 inhabitants in the banking sector as compared to 225 inhabitants in Sweden. OECD has termed the delay in initiating the process of liberalization of the banks as part of the reason for that (OECD sector report 2003 p33).
o hinder a variety of diseases among these experimental subjects, for example, kidney disease, diabetes, Parkinson’s disease and even Alzheimer, and even hindering psychomotor and spatial problems associated with aging (Koubova and Guarente, 2003).
Such dramatic effects have
It can also reach a large number of people in geographically dispersed areas simultaneously.
3. Speed and flexibility are essential. Speed entails that the customers can react quickly to a market offering and