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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
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The author states that it is the interaction of the forces of demand and supply in a marketplace that determines the price of a product at any given time. Price is the quantity of payment or compensation given by one party to another in return for goods and services. This aggregate demand is the sum of demand for oil by all the countries.
The data apparently came from the monitoring agency of the United Nation’s Food and Agriculture Organization (FAO) where monthly food price index was effectively used to measure the apparent changes in international prices of a basket of food commodities.
These raise are increasing frequency and moving up even at pace of twice a month. The rise is simply witnessed as buyers’ are coming back from the housing fall to get theirs little in the marketplace. This article revolves around the state of competition in Manhattan construction.
Within the piece in question, the author discusses the benefits and pitfalls of using and over-using social media as a means of developing a marketing approach. As the year 2013 draws to a close, it can definitively be stated that the impact of mobile computing with regards to communication and marketing is more important now than it was at any previous time in the future.
The author highlights that the company’s shares dropped by almost 5.5 percent to trade at $ 467.7 after the launch of the new phone model. The price of the new phone was the major concern with analysis explaining that it is too expensive such that the price surpasses monthly income in some of the major economies such as China.
Supporters vowed to fight for an override of the bill.
The main issue discussed in the article is the benefits which will be gained by raising the minimum wage. The writer obviously stated that by raising the minimum wage, lowest paid employees will be given more purchasing power which they can use in order to improve their living.
t in Wisconsin where 200 boys were molested by priests to the current issue in Europe where 67 people have come forward claiming the same thing has occurred to them. In both incidents the children were highly vulnerable ‘deaf’ children, and in both incidents there appears to
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.
The news item disseminates information on Christian persecution in Libya and Egypt. Ezzat Hakim Atallah serves as one of the testaments to the state sanctioned and condoned hatred that is propagated against Christians. Like seven other Christians,
Contrary to these fears, the actual inflation in the US has in fact become too low. The Federal Reserve’s measure of “core inflation” that excludes food and energy prices is barely above 1%.
Paul Krugman argues that this is because the
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