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This phenomenon is not unique as during the Great Depression in 1930’s the world economy underwent a similar occurrence.
According to Hazlitt (1946), there is a difference between economists; good economists and bad economists. The bad economists observe the direct impacts of proposed course, whereas the good one focuses on long and indirect consequence. Teiying economic to long term predictions is the foundations of a good economist and as Brux, (2005) predicted long term economic eventualities such as poverty marks such characteristics. This argument cannot be further from the truth. Economists have always been grouped into different groups, but the world’s most prominent group is the Keynesian school of thought. Other economic schools of thoughts that have dominated academic thoughts throughout the 20th century and even the 21st century are the monetarist school of thought and the Harvard economic school of thought.
According to the Keynesian school of thought, private capital investment decreased as a result of more capacity and the deficiency in good investment opportunities (Hetzel, 2012). In fact, the concept of Secular Stagnation, a term coined by the Keynesian school of economics and it attributed the recession to inadequate capital investment hindering full employment of labour and other economic resources. Aptly referred to as the secular stagnation theory as articulated by the Keynesian school of economics, is a marketed different from the notion propagated by the monetarist school of economics.
According to the monetarist theorists the recession was as a result of the tendency of the rate of profit to decrease, and as such businesses will block investments in manufacturing plants with a decreasing rate of return. Theorists have provided different arguments on the phenomenon of low economic growth, and especially that regards the same that was realized in the industrialized
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The customer relations officer of the company has noted that there an increase in customer complaints about the effectiveness of the services of the help desk. An investigation by an outsourced group of IT specialists revealed that the application of relational or database oriented spreadsheets by the help desk staff has some limitations.
A successful negotiation need to be a win win situation between the negotiation parties1. However, there are various factors, amongst which include both emotional and cultural factors that affect negotiations. After a great deal of thinking and rethinking mainly due to the various economic challenges that the global economy that resulted from the economic depression within the world hence resulting to a rise in the cost of living, I considered facing and challenging my part time employer to consider increasing my salary which will see me not only improving my current statues of life but will also consequently making me live comfortably.
It is also desirable deal with widely used variables. Thus characteristic is the capsize screening value. To understand the nature of capsize screening value one may consider the rectangle ship model (see figure below). Now, we
Privacy is a bigger issue in the online world than the offline world.
In the online world, consumers do not consider privacy laws most of the time, are less likely to read privacy laws (Culnan and Bies, 2003), and are more engrossed in other things
Based on the research Josh had conducted earlier, each pair of shoes cost about R.350. Upon enquiring about the black pair of shoes, Chris quoted R.500 as his asking price. Josh reacted angrily to this news, returned the shoes to the shelves and asked for an explanation
It remained a secret between us. Months later, I received a call from Sofia. Amid sobs, she told me of her discovery that Echo was still communicating with his ex-girlfriend. That was against Sofia’s wish and Echo understood that. She had seen