ctors that GDP reflects are “life expectancy,” “infant mortality rate,” and inequality that relates GDP with objectives of economic policies (Oulton, 2012, p. 1). Gross domestic product should also be used in policy making because it is reflective of people’s outcome.
This is because it has been appreciated and criticized in equal measures. By saying this, it means that a green job should be a utilitarian activity which has lots of benefits to the society. In other words, green job projects should be geared towards job
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The 2008-2009 financial crisis went down on record as the worst since the 1930’s Great depression. According to Dzikowska & Jankowska (2012), a financial crisis is a period when financial markets experience a disruption thus making it difficult for them to conduct business and channel funds to prospective investors.
The increase in reserve requirement helps the central bank to limit multiple deposits expansion in the banking systems. In the United States, commercial banks borrow reserves from Fed when the federal fund rate is higher than
Their approaches towards modernizing China were same based on socialism but they were rather different. This paper explores the differences and similarities between the developmental strategies of Mao Zedong
At one extreme is perfect competition where there are numerous firms competing over a homogenous product. Each firm is so small compared to the industry that it has no power to influence price. However, on the other end of the spectrum is
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Both scientists were extremely excited when they receive a phone call with the news of their accomplishment. The theory that Roth and Shapley developed provides insight into how scarce resources can be allocated.
n its ability to satisfy specific human needs, which he calls “use value.” He distinguishes this with “exchange value,” the amount of another commodity that can be exchanged at any given time. Marx explains that every commodity has value, which portrays its production
The USA government’s intervention saved the situation that could have otherwise worsened.
Unemployment rate is at its topmost. Insufficient or lack of jobs implies that the consumer confidence alongside the sentiment of businesses is at risk. This is
The management decision is appropriate as it assists in providing complementary services such as change management vendor relations. Not most companies offer management of staff due to technology change in
r example, in London Underground which is one the merit goods provided by the government and private sector, the students may not be aware of the benefits that they will experience after arriving on time at their universities or college. Another notable characteristic of merit
They have a LAS operation center, which receives all the 999 calls and responds to them promptly. The calls are responded to in to for twenty-four hours and 365 days a year. The trust is based in five locations in
The degree of influence of the rise of oil and gas prices in the international economy is dependent on the contribution of the oil and gas for the growth rate of GDP of the economies. The share of cost as a percentage of the
Economists are concerned with measuring social inequality because it can be used to determine the level of poverty in a given economy. This will enable economists to provide economic solutions to the problem of poverty. Measuring inequality also enables economists to determine the level of economic growth rates.
Major ways through which protectionism is undertaken is through application of tariffs and imposing subsidies on the exports. Similarly, the government may use methods such as import quotas, strict legislation, non-tariff barriers and taxes as ways of restricting free trade.
in the framework of electoral democracy, the government finds it unacceptable “to leave the marginalised groups without the means of labour and to fend for themselves, since this carries the risk of turning them into the dangerous classes” (Chatterjee, 2008, p.53). With the
The supply (SS) curve shifts to S1 from S and the demand curve from D to D1 to represent the new market price and quantity at p2 and y2 respectively. The change in quantity is not as much as the change in price. The increase in price is attributable to acts of hoarding
r every probable platform to work, giving examples stylized for particular types of policy in which the benefit might be applicable, and appraises cases in which explanations might be applicable, and explores their overall plausibility. In conclusion, the Journal examines the
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
Also when it is difficult to get a cab, or when demand is high. They see an opportunity to make money from people who have to do something that can’t wait for long. For instance, Uber Company charges four times the typical charge
Regarding this issue, the study of Archick (2005, 4) showed that the European Union should be regarded as a ‘treaty-based, institutional framework that defines and manages political and economic cooperation among its 25 member states. In the near future, more states are going to be added to the above list.
The above parameters are paramount in the evaluation of the success of any nation. As such, they will form the basis of comparison between the two nations. The two nations subject to this comparison are America and India. The first nation
The firm can thus place its price wherever it wishes to, and it may or may not take into account the demand of the people in order to supply. If the firm places the price of the product at a higher range then the consumers are bound to buy it at that price due to the lack of
The European commission wants to investigate companies in the gas and oil market for antitrust behavior because; these companies have taken advantage of their dominant position in the market to cause malfunctioning in the company (Ian, 2006). The
In his article, Furth (2014) put forward a discussion on fiscal policy in the great recession and Europe borrowing crisis.1 His article seeks answers to the questions on stimulus and austerity. He notes that the recession sparked debate
Products are said to be complementary if when the price of one decrease (or increases) the demand of a related product increases (or decreases). For example, motor vehicles are complementary to gasoline because when the prices of motor
Almost 40% of our clients use electronic books which undergo processes such as researching, typing, editing, converting the materials into portable document format and finally are disseminated. This has been considered as low rate and therefore there are possibilities of raising the demand of the books while raising the markets shares.
The business cyclic movement pattern in terms of economic activities is undertaken. The year 2003 is significant because it brings a change in the pattern of the cycle which we can refer to as stagnation point (Owyang, pp. 604-616).
d) Recovery phase- Because of change
Low wage earners are faced with the immediate hardship of being able to pay their basic bills that cover shelter, food, and transportation. Many low wage earners are unable to afford a private vehicle with the high cost of auto insurance and the high cost of fuel. This often means that they are limited in their ability to secure employment.
There is a food shortage in many parts of the world with people living out their lives with below requirement nutrition. This phenomenon has triggered chaos in the minds and hearts of people globally. The race to accumulate resources has forced prices in commodities to sky-high. Even basic food items are at their highest.
These central bankers play major roles in addressing the global financial crisis. They are the ones who take part in designing the country’s monetary and fiscal policies which dictate the path the economy is going to take. The policies that they implement do not
The process of these changes in the global economy is generally known as globalization. Impact of globalization can be observed on a global scale in numbers of different fields including economic, social, political, cultural, and technological aspects of life. In the cultural context, globalization has impacts on thoughts, theories, idealism.
A municipal institution is a form of local government which, unlike provincial or central governments, is located at the heart of the society served by it. The Federation of Canadian Municipalities (FCM) is a