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The main duty of the police force is to maintain law and order through crime prevention. Thus, they need to undergo extensive training on how to perform their duties. That is the reason why entry-level requirements are so much demanding to produce quality skilled personnel worthy of executing their job.
On the other hand, the ILO measure calculates the total number of persons who are jobless bur keenly seeking employment. Claimant Count depends on records that may be incorrect and altered as well (Turner 2012). This can be explained by the datum that sometimes policies, which govern the benefit entitlements, can be altered or erroneous (Dustmann, Glitz & Vogel 2006).
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Revenues are an important component in a government budget. The extent of government spending in a fiscal year is planned according to the revenues generated. Under such a scenario the sources of revenue for the government becomes a crucial thing. The sources of federal revenues are “individual income taxes, social insurance (payroll) taxes, corporate income taxes, excise taxes, estate and gift taxes, remittances from the Federal Reserve, customs duties, and miscellaneous fees and fines.” Out of the above it can be unambiguously stated that personal income tax is the largest source of government revenue, accounting 45 percent of the total revenue.
This leads to major problems for the country and its population which include lower standard of living, poor health, lower GDP and national income, and a generally depressed society. However, this issue may have an even deeper impact upon a household in which the sole bread winner is unemployed.
With the high capital base, the bank dilutes the regulations that govern lending to their customers and thus making loans more accessible. This makes the bank extend loans to even those loan applicants who have not been servicing their loans as required, granting them huge amounts and even extending their duration of loan repayment.
US Monopoly Company and US Perfect Competition Company
In most cases, monopoly companies have got the power to raise prices above marginal costs. They normally care about profit making while neglecting any challenges faced by the society in their ability to afford.
As monopoly proceeds, the consumers will ultimately forego the product, especially consumers who value the product or service more than they value its cost. This tends to create a deadweight loss. The deadweight loss also indicates that the combined surplus for the monopolists and the consumers is always lower than that for perfect competition.
Generally, Alan Greenspan is the current chairman of the US Federal Reserve Board. The board is charged with the mandate of determining official interest rates. Alan Greenspan is seen as an inflation hawk. He is condemned for concentrating on managing inflation instead of decreasing unemployment levels.
Over the years, the labour market performance in France has been regarded as unsatisfactory. The first oil shock and the beginning of recession in 1974 marked a continuous rise in the employment rate of France. This was from just below 3% in 1973 to a 10.7% peak in 1987.
This results into a clearing effect of the market. Labor market movements occur when a particular market does not attract employees and they move to seek better market elsewhere. This labor market movement may be determined by the policies of labor market such as regulations of job security, the minimum wages, and social security which are often aimed at raising employee welfare and reducing employee exploitation.
This paper advances Keynes’s theory that the best way to ensure economic stability and growth is by active government intervention in the marketplace and monetary policy.
For the case of Greece crisis of 2009 the European Union had to adjust its monetary policy. The measures had been taken to ensure a balance of payment was balanced. The Greece government had to carry out the reforms needed in conjunction with European monetary union to keep its balance of payment at an equilibrium point.
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There is a belief that properties that are correctly priced tend to sell within the time stipulated for the contract of the listing agent. Properties that are overpriced often tend to sell slowly, therefore stay in the market longer, and finally, the contract of the agent expires. This forms the foundation for conducting Comparative Market Analysis (CMA).
Micro and macro economic on us trade
This paper defines in detail what Macroeconomics and Microeconomics are about and what their impacts on the economy of a country are. We have taken into account the impact the two kinds of economies create on U.S. trade and why is it important for the survival of the nation.
The author of the paper outlines that consulting has become a common practice with business firms to take a deeper analysis of their business strategies before making a vital decision. Consulting is defined as a practice that involves the use of multiple talents and expertise to help solve issues in organizations.
There are various reasons for outsourcing. The company that outsource can be able to reduce the cost of production, acquire modern technology, improve quality of its products, reduce tax, penetrate market quickly and to increase their production capacity (Casale, 2008).
The years before 2009 were periods that were characterized by unstable economic growth rates. This made Donavan conclude that “state growth rates have been persistently different to a possibly significant extent”. These disparities notwithstanding, Harris report that the aggregate gross product growth rate was above the national growth rate in most parts of the Oceania region and beyond.
In high competition, the price elasticity of demand is high therefore the firms do not increase the prices while in low competition, the price elasticity of demand is also low, therefore the firms are encouraged to keep the prices inflated. Thus, it can be said that the price elasticity of demand directly influences the Lerner Index.
The economy has never hit an all-time low like when it did during the Great Depression however the recent economic meltdown has come close. The Great Depression began in 1929 and ended in 1941 and the whole world was negatively impacted. Just before the Great Depression, the U.S economy experienced an unprecedented economic boom.
Chinese companies are mining and processing raw materials at the expense of Europe. The stability of world economy is going to play an important role in the Sino-EU economic relations. Pressure from EU and United States should cause the Chinese government to act upon fiscal and structural international policies responsibly.
The author stresses that many firms have thrived in the global markets using low-interest borrowing from central banks to boost their balance sheets. As a result, business organizations have plunged into corporate debts with the intentions of repayment during better financial times.
The term economy refers to the structure of the economic life or economic activity in a particular community, region, nation, a group of regions or countries, or the entire world. Macroeconomics involves the overall performance of a particular economy. Various parameters are used in measuring economy, which include the number of people working, their total income or their production/the amount produced.
Many bio-fuels use food crops such as corn as inputs to the extraction and production of bio-fuels (Vidal n.d.). There has been a considerable rise in the demand for food crops such as corn. Such is because previously, almost all of the corn was consumed for food purposes but now the demand for bio-fuel has added to this demand resulting in an increase in higher overall demand for corn.
There are a lot of reasons for globalization. Probably the most important are the following: technological development, development of transport infrastructure, growth of the role of international companies, etc. In any case, these reasons have led to the creation of a global world. The global economy is one of the most essential areas of this world.
Theoretical Underpinnings for Central Bank Independence 7 2.4. Empirical Support for Central Bank Independence 7 2.5. Inflation & Central Bank Independence 8 3. Conclusion 9 4. References 10 5. Bibliography 12 1. Introduction Independence of the Central bank implies that the monetary policymakers are free from direct influence from the government or from the political front while conducting the policies.
Furthermore, specific example is illustrated in order to point out that monopolies are not always bad and may be a good thing at some point. The Antitrust behavior.This specific behavior is applicable to those companies or organizations with the attitude to monopolize the industry or be a cut above the other until they remain the only one to play a significant role in the market or industry.
Economists usually consider the implicit costs and explicit costs of operating, often called as opportunity cost, while accounting cost do not count the explicit costs of the owner. Ralph Bryns, 2011 argues that a business becomes profitable in the overall perspective when a firm’s revenue exceeds the explicit and implicit costs.
Andrew Sullivan indicates that China’s domestic economy has experienced strong indications and has attempted to eliminate speculative practices. In addition, there is a great amount of money that is not stored in the banks and remains in the hands of the people. There is also a growing middle class in China that also benefits economic indicators.
The injection of liquidity into Asian economies was accomplished through an agreement by the US Federal Reserve, UK central banks, the Eurozone, Canada, and other countries to ease the cost of financing. This was done by softening the existing swap arrangements, a deal, which saw an increase in the dollar in Asian stock markets.
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The kingdom of Saudi Arabia is the world’s largest oil exporter in the world. It is a political monopoly governed by the royal family. Founded by Abdul-Aziz bin Saud in 1932, Saudi Arabia has become one of the major powers in the Middle East.
The country is also one of the producers of the world's most technologically advanced world of steel, cement, chemicals, machinery, vehicles, electronics and shipbuilding. Located in Central Europe, Germany, North Shore stretches from the North Sea to the west so that the Danish border, then east of the Baltic Sea.
This is with regard to the Company’s dedication in 2007 to return to the environment and societies a comparable amount of water to what is utilized in all its production by 2020. Connection This report delineates Coca-Cola’s progress towards its targets.
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The housing crisis or the sub prime crisis is getting worse rather than cooling off, this means that the US economy is only going to get adversely affected and this in turn is going to affect all the major economies of the world. The labor market is also getting affected and this means that there will be less job opportunities in the future for the people seeking jobs.
Since recent past, different economies of the world have experienced numerous crunches and depressions and prices of commodities were one of the paramount victims of these crisis. Gone is the time when the commodity prices were predictable for several years and people could buy or sell things at adumbrating cost.
A college degree will act as capital more, so human capital since the holder will have attained skills and knowledge in the process of training and learning in school (Mankiw, 2012). The skills and knowledge attained by the degree holder will improve and increase productivity hence the standard of living is improved as stated above.
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Generally, monetary policy is a way by which a countries authority controls the supply of a country’s money, in many cases aiming a rate of interest for the intention of promoting economic developments and stability. The main goals often include; relatively stable prices and low unemployment cases.
Inflation affects the consumer markets as well as the money markets, where the government sells treasury stocks and bonds and where corporations sell corporate bonds. The interest rate influences the money markets because when interest goes up companies are forced to offer higher bond coupon rates in order to attract investors.
Some relate Arab uprisings to the global capitalist crisis, which has gradually moved from the US and Europe to African countries. Since Tunisia and other North African countries are closely bounded with European economy, it should be expected that at some point in time the global economic crisis would, finally, reach Africa – indeed, prices for food went up causing people protest against their low incomes, high rates of unemployment and poverty.
Contemporary Issues in Managing Human Resources. The scope of human resources management (HRM) becomes more extensive as management endeavors to meet the needs and goals of its people in the organization. The evolution of human resources management in terms of theoretical frameworks, research and diversity in applications has been increasingly significant in the last century.
On the other hand, immunity can be abused and state officials or agents of states can invoke immunity to escape prosecution for crimes against humanity. This work attempts to examine the international statutes on immunity of agents of states and examine select cases to assess the state of the international statutes on the subject.
They may as well be the amounts less of the expected revenue collection from the revenue collection tools (Associated Press, 2010). Our reference point, which is the government deficit, entails: deficit spending by various governments, there is a primary deficit which are deficit arrived at after deductions of interest payments are deducted.
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The Greater Arab Free Trade Agreement was signed and brought into existence in the year of 1997. This is the agreement signed between various Arab countries including Egypt, Libya, Bahrain, Oman, Qatar, Syria and many others, making it up to fourteen countries.
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On the other hand, BRIC economies are not similar, though they are in the investment classification, whereby others having political and economic alliances, which are from the groups. Nevertheless, among these countries, China has made significant achievement, thereby making them eliminate the need for alliances.
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Singapore comprises of the main island linked by a causeway as well as a bridge to the southern tip of Malaysia, and around fifty smaller islands. Singapore has grown astronomically to become one of the world’s most affluent places, characterized by glittering skyscrapers and a thriving port.
At its core, the price of zero, which is also referred to as the zero-price effect, refers to an observed theory that holds that decisions regarding free products are quite different. This difference emerges primarily from the fact that people do not merely subtract costs from the benefits they receive from a good or service.
Born in a family that owned over twenty slaves, Clay must have known exactly the benefits of owning a slave, or slaves. Yet, he was one of the earliest southerners who argued against slavery. According to The Latin Library (para 17), Clay believed failing to emancipate slaves in Kentucky was hindering the state from economic development.
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That is whether the nations would have performed better without IMF or whether they had influence in preventing the prosperity of the changes suggested by IMF. The economic and political state of the nations due to IMF influence at present and the opinions why or why not did the nations recover are in addition discussed.
Immigration is important because it entails key aspects like who makes up a population, who has claims to rights and privileges and who are valuable and dispensable, among other issues concerning identity, citizenship and consumption.
Where will Russia be in the Year 2050? Despite the past up and down economic fluctuations, recently, Russia has become one of the leading economies in the world. Currently, it is the sixth largest economy in the world in terms of purchasing power parity and eleventh largest in terms of nominal value.
This paper mainly focuses on thorough reviewing of the recent major microeconomic tendencies in the US economy. Microeconomic events primarily relate with the patterns of decision making by individual consumers and firms and organizations, in terms of the manner in which products and services are to be consumed or produced.