Download file to see previous pages...
In this context, in order to identify the potential causes of the rising rental inflation in the US, the study has relied on varied academic articles and business reports.
In accordance with the viewpoint of Madigan, the average rent of the apartments had increased to 3.1% in the US market during the last year in comparison to the year 2012 (Madigan, “Why Rising Rents Haven’t Pumped Up Inflation”). On the other hand, Keely, Ark, Levanon, and Burbank, arguably claimed that the cost of housing property is decreasing in the US market in the recent days. In this regard, Keely, Ark, Levanon, and Burbank argued that the buying demand of the housing property has been dramatically reduced during the last few years in the US. Contextually, several economists have believed that rising price of food and energy has influenced the demand of real-estate in a negative manner (1-49). On the other hand, Madigan claimed that rising prices of medical services, education and communication services have indirectly affected the demand of the real-estate in the US marketplace (Madigan, “Why Rising Rents Haven’t Pumped Up Inflation”). However, Keely, Ark, Levanon, and Burbank arguably claimed that the rental demand on the US market has dramatically increased in the last few years (1-49). In this regard, it can be asserted that financial crisis and high rate of interest as well as the mortgage burden has affected the demand of the household buyers. On the contrary, it has influenced the tendency of renting residential, which has caused high inflation in the domestic market place (Madigan, “Why Rising Rents Haven’t Pumped Up Inflation”; Keely, Ark, Levanon, and Burbank 1-49).
Based on the above discussion, it has been recognized that the cost of real-estate property has reduced in the US market due to high rate of interest. At the same time, it has been also recognized that 38.2% of the US population are associated with mortgage household property, which signify that the
...Download file to see next pagesRead More
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.
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 move was meant to reduce competition for jobs and hence cater to the existing chunk of unemployed individuals who were seeking jobs. In a severe period of recession, most individuals found themselves to be jobless as organizations carried out mass retrenchments.
More essentially, Marx pointed out that the capitalistic system creates a society that is divided between the privileged production class and suppressed labor class. Most individuals thought that, after the 1930’s, income inequality had since reduced. However, both social