Nobody downloaded yet

Microeconomics class; News Article Analysis - Essay Example

Comments (0) Cite this document
Some economists believe that for an economy to grow there must be some level of income inequality. According to the economists, this creates…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.5% of users find it useful
Microeconomics class; News Article Analysis
Read TextPreview

Extract of sample "Microeconomics class; News Article Analysis"

Download file to see previous pages According to research by the IMF, what is important is consistency in wealth creation, which eliminates inequality at the long run. Other economics believe that, poverty does not arise from inequality, but the move by the government to increase tax against the rich in efforts of ensuring equal distribution of wealth. Countries that focus more on wealth distribution face lengthy periods of slow economic growth. This is because the level of spending within the county is not only low, but also not uniform.
According to the article, unequal countries are poor in terms of social indicators, for example, achievements in education, compared to countries that have equality in income distribution. This is an indication that poor families find it hard to invest in education, which pushes them to higher levels of poverty. Up to some levels, redistribution of wealth does not affect wealth creation. For example, in countries with substantial redistribution, the growth in wealth per individual is not substantially lower. However, countries with more redistribution may face shorter growth spells (The Economist).
According to the article, there is a positive correlation between wealth creation and income inequality. In other words, the more unequal a country is, the more the rate of income growth. High-income inequality means that only a small proportion of the population within an economy controls the wealth. Therefore, consumption within the economy is as well concentrated within the small population. There is a direct association connecting wealth creation within an economy and the level of expenditure or consumption. In unequal countries, the level of consumption is low because it is concentrated within a few citizens that own resources. Therefore, there is a lack of enough expenditure to spur growth. Developed countries across the world, create more wealth than the developing countries. This is because the level of expenditure within the economies is ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Microeconomics class; News Article Analysis Essay”, n.d.)
Microeconomics class; News Article Analysis Essay. Retrieved from
(Microeconomics Class; News Article Analysis Essay)
Microeconomics Class; News Article Analysis Essay.
“Microeconomics Class; News Article Analysis Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Microeconomics class; News Article Analysis

News artical. (PR)

...Canning wins traffic safety and management award In recognition for its innovative and cost effective solutions to traffic problems, the ofCanning was awarded the Excellence Award for Innovative Practice in Traffic Safety and Management at the Institute of Public Works Engineering State Conference Gala Dinner last Friday, 9 March 2007. According to the Mayor of Canning City, “The Intersection of Vahland Avenue and Corinthian Road East, Riverton project was made in response to the letters we received from motorists and local residents expressing concerns for road safety. Most motorists find it difficult to enter Vahland Avenue from both approaches of Corinthian Road East. The intersection is accident prone and accounts... wins traffic safety ...
2 Pages(500 words)Article

News feature story

... Indian media sources such as Daily News and Analysis (DNA) India have positively welcomed Australia’s tough immigration stance. Although they admit that it will make it harder for Indian students to get into Australia, they argue, “It will distinguish the wheat from the chaff.” Naresh Gulati, the Oceanic Consultants CEO welcomed the changes and said that the changes would encourage students to choose a course more consistent with their career aspirations. The Rupee News blog also, featuring the story, agreed that the visa changes were crucial in stopping Australian immigration laws abuse. These latest changes in the Australian immigration regulations most affect overseas students leaving them very uncertain, as many will lose... with...
4 Pages(1000 words)Article

Microeconomics: Patent, Antitrust Laws

...Microeconomics: Patent, Antitrust Laws Summary Both antitrust and patent laws are vital in economies. Whereas patent laws attempt to promote invention and innovation through providing exclusive rights to inventors and innovators of their works, antitrust laws attempt to prohibit anti-competition within an economy that usually results into monopoly. These two sets of laws are now coming to technology with specific focus on hand held devices. Based on Catan’s arguments, antitrust and patent laws are in collision with the former frowning on exclusive competition (monopolies) and the latter granting such exclusive monopolistic powers to investors. Technologically developed handheld devices face the collisions of these two...
1 Pages(250 words)Article

Microeconomics: Cost Analysis

...personal opinion about this article is really balanced due to the fact that author has been able to highlight as to how the distortions in market equilibrium can actually cause the prices to fluctuate. I believe that the author has been successful in highlighting as to how the supply and demand dynamics in mining industry work and what needs to be done in order to improve the overall situation in the industry. This article relates to the concepts of microeconomic cost analysis by highlighting that the changes in the demand and supply dynamics can change the prices in different manner. Further, increase in variable cost of operating new mines have been shown as one of the key reasons as...
1 Pages(250 words)Article

International business news

...International Business News International Business News In an article en d “Minister Fast Highlights Benefitsof a Canada-European Union Trade Agreement for Quebec Workers and Businesses” published in the Foreign Affairs and International Trade Canada website on March 16, 2012 revealed that the trade agreement between Quebec businesses and workers would provide significant benefits for the economies of Quebec and Canada, in general. As indicated and emphasized in the news, Minister Ed Fast, the Minister of International Trade and Minister for the Asia-Pacific Gateway, who met with employers and employees of business organizations of Quebec, was quoted to state that: “businesses and workers...
1 Pages(250 words)Article

Article about microeconomics

...Some apparel manufacturing ‘reshoring’ to USA I. The article “Some apparel manufacturing ‘reshoring’ to USA” is taken from USA Today news website. The article which is written by Paul Davidson, an American macroeconomist, was published on July 5, 2013. II. The author Davidson in his article talks about the apparel industry shifting its production base from foreign countries to the United States. This trend has created increased job opportunities in American although the industry faces strong competition from Asian countries because of their low labour costs. There are however many benefits for American manufacturers of having production base in home country, since apparel industry has to respond to the fast changing style demand... apparel...
2 Pages(500 words)Article

Geology News

...North and Tropical Atlantic Ocean causes climate change in Antarctica The news “North and Tropical Atlantic Ocean Bringing Climate Change to Antarctica” dated 22 January 2014 reveals that distant regional conditions have a role in changing the Antarctic climate. The study reveals that when the data of North and Tropical Atlantic’s Sea Surface Temperature over the last three decades was compared with the changes in Antarctic climate, it was found that there is a correlation. Warming in Atlantic’s waters is followed by changes in sea-level pressure in the Antarctic’s Amundsen Sea. This results in the redistribution of sea ice between Antarctic’s Ross and Amundsen-Bellingshausen-Weddell Seas. Thus, the study identifies a...
1 Pages(250 words)Article

Construction op analysis class (R8 - reading articles)

...Assignment R8 Reading Articles Questions and Answers MULTIPLE CHOICE According to the Article ‘Dynamic Regression Models for Prediction of Construction Costs’, a cost index represents the relative scale of cost for a fixed quantity of goods or services between different periods, and provides a good means for forecasting future construction costs that change over time in response to a change in; a) Construction Cost Index and Associated Series Data b) Periodic cost reports about materials, equipment, and labor of trades c) Demand, economic conditions and prices d) Economic conditions, equipment and associated series data Answer: c). Demand, economic conditions, and prices 2. FILL THE BLANKS In reference to John M... R8 Reading...
1 Pages(250 words)Article

In the News

...Compliance to Social Norms Humans cannot exist without interacting with their own kind and to do the same in a systematic manner; they have developed social norms. Hence, if anyone breaks these norms society discerns them immediately. Nevertheless, if consequences (punishment, apartheid, threat) of breaking norms become insignificant then people do not regard them in their social setting and that breaks the neat social order system in a society. To prove the same, a recent research by Manfred Spitzer (University of Ulm) and his colleagues (University of Zurich) showed how brain functions whilst complying to or rejecting social norms. The experiment included Functional Magnetic Resonance Imaging (FMRI) of brain of 24 male subjects...
1 Pages(250 words)Article

News Review

...News review PSU ID: Article Discussed: What the Strengthening Dollar Means for Emerging Markets, WSJ, 9/12 The clauseexplores the impacts of the steadily rising value of the dollar against the currencies of emerging markets. The authors document that there is the likelihood that firms based in the emerging economies might incur heftier costs as their debt bills turn due. The interest on the trend comes in after the previous weakening of the dollar saw many firms and government heavily transacting and borrowing on the dollar in the recent past. Question: how will the continued gain in the value of the dollar affect the economies and subsequently investments and trade in the emerging markets? Answer key: with firms based in...
1 Pages(250 words)Article
sponsored ads
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.

Let us find you another Essay on topic Microeconomics class; News Article Analysis for FREE!

Contact Us