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It means that if people have jobs and more money on their pocket, they are likely to spend more. Now, these expenditures would also mean another person or company’s earning allowing businesses to expand and hire more employees. So the ripple or contagion effect begun where jobs and their corresponding wages also creates jobs and wages to make a certain economy not only to recover but also prosperous. This is measured in terms of GDP growth which the article projected an annualised GDP growth in the third quarter from 3.7% to 4.2%. In the article, the author may not have mentioned it but the government exercises its fiscal and monetary policy not only to control prices and inflation but also to create jobs. In this case, the Central Bank can lower the interest rate so that businesses can borrow money at a very low cost to expand the business and hire more
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Absolute advantage: Absolute advantage refers to the advantage of producing more good per unit of production as compared to the production of others. Application The article talks about international business while maintaining proper markets. The comparative advantage of the United States as compared to China, Germany and France remains debatable.
Scarcity Scarcity is limitation in supply. Scarcity is when a commodity is hardly there. For instance, land is a scarce factor of production (Mankiw, pp.55) Relevance In this article it is found out that the government and other traditional sectors are running short of labor.
The inflation of this country rose up by 10.4% making the central bank to boost the returns on Public debts with an aim to cover for the losses of cedi. The Ghana government plans to create infrastructure fund to discourage borrowing of short term nature for investment.
I would adopt so that together with ht head of Production we can go back to the drawing board and discuss the feasibility of the whole project in view of the damaged machinery. Investing in another country can be an expensive venture with a lot which has to be taken into
The rise in European stocks has paved the way for stocks to regain the losses suffered last week amid concerns about growth of the global economy. The benchmark Stoxx Europe 600 went up 2.1 percent to around
This is an improvement from the 1.7 % in the previous year. The IMF said that the state had room for improvement, since it was on track on meeting its target of ensuring balanced books by 2015-the same year for the scheduled federal elections. The IMF further argued
It is even noted that inflation as well as deflation affects the overall economy of a nation and leads to adverse situations for a country. The increase and decrease of the value of money leads to adverse situations and has a huge