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The expedition in launching the mars exploration spacecraft has triggered a heated debate on the wall street journal in the past with many arguments being centered on the economics of launching the mars orbiter at an exorbitant cost while many of the Indian citizens continue to languish in poverty and living at absolute wanton. However, before such criticisms, people should be aware that governments are responsible of management of a country’s resources for the best interest of the inhabitants of the countries. Economic viability of projects informs the government in the most profitable investments to undertake. Proper evaluation of such a projects economic viability would help in advising a government on investing in the right investments or otherwise.
In an article, dated 5 Nov 2013, one WSJ staff makes a collection of many of the comments that circulated among social media platforms in the wall street journal concerning the $73 million mission in undertaking mars exploration by India (Anon, para 1-3). According to many of the comments was that this was a huge undertaking that was spending so much amount of public funds, which would be otherwise spent, on improving the livelihoods of majority of the Indians through provision of food, water, improved sanitation and such other measures that would improve on their livelihoods. Nevertheless, there were also a number of comments who would reason in support of the expedition and reason that the long-term benefits to be realized through the exploration outweighed the capital investment devoted to the exploration exercise.
While all opinions are justifiable, this paper chooses to object to the opinions of those who would question the investment through supporting the undertaking by the Indian government. Economic advancement and development within any economy has its roots embedded in research and development. Space exploration is therefore very essential especially within the 21st century as we
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Economic outcomes strappingly depend on policy choices. Policy decisions do not depend on social planners who explain the extension of social well-being as their choices. Many economic models that were made in the past failed to elucidate what is happening in the real world because they ignore politics.
For several decades, looking at another human being in a worthless way has been conventional. Nevertheless, it is only recently that human beings have taken the trouble to look at discrimination as a problem in a number of areas. There is no society which has been spared from the menace of discrimination.
Yet, it is considered as the weakest rebound since WW-II. Economic growth is as low as 2.25% and unemployment is still higher than where it should be by this time. To see that it means to American, a closer look as few important factor is taken. Unemployment has been steadily coming down for the past three years.
While for teens and young adults big discounts may not sound financially significant, a 40% markdown on the prices of goods is surely an early Christmas bonus for mothers who are trying to fit the paycheck for the rest of the week. But regardless of how one would view discounts, the fact is you did not really save anything.
Recently China has faced slowdown due to economic slowdown in the world following the crisis of the global economic slowdown. Still the country has achieved GDP growth rate of more than 6 percent in the years following the crisis. This report will take a look at the slowdown of China and the causes of such slowdown.
This came after the economy of China was presumed not to grow beyond eight percent of their quarter due to the drawback that had occurred in the trade world. This consequently led investors to withdraw from engaging
Whereas the aim of minimum wages is to enhance the economic welfare of the working-poor, loss of employment impacts minimum wages increases by making them to fall inexplicably on those who are least skilled and on the most disadvantaged persons. The least skilled and on