GDP of USA is $15,680 billion; making it 5.81 times the total GDP of the Arab League. Comparison of China with the Arab league leads to China’s GDP ranking as second. The GDP of China is 3.05 times the total GDP of the Arab league; as it was estimated to be $8,227 billion.
Though the population of the country grows at a fast pace, its GDP growth in 2007 was about 4.7 percent, and its GDP per capita was 9,227.81 USD in the same year. The Saudi economy is heavily reliant on the production of oil and
This is quite some mind boggling and astonishing figure, to say the least. In Africa, the country with the greatest production of coffee is Ethiopia. Coffee accounts for close to 70% of Ethiopia’s export revenue, and is additionally the source of livelihood
World War II lasted until both the Japanese and the Germans surrendered in 1945 to the allies (Johnson, 2006). This paper describes the key aspects of warfare logistics since World War II. It will also examine the duration of supply-based operations logistically to the proposed real-time Army transformation operations.
The countries often do not prefer negative trade balance while trading with the other countries and this is also often a macro-economic objective too for the healthy growth of the economy. The below-mentioned chart speaks about the
Purpose refers to the reason as to why the writer is conveying their message in the article (Annemare, 97).
Audience matters a lot to a writer. A writer is usually encouraged to imagine that their article will be presented to a large group
In the contemporary days, machines have come in to replace human beings in the work force. This factor has rendered very many people unemployed increasing their woes.
The report urges the United States to invest in the skills that its people have in order to match up
the quantity of the real gross domestic product that is demanded is inverse or negative which means that when the levels of the prices experience a rise, then the amount of real gross domestic product that is demanded decreases and when the price levels go down, then the real
ar Flow of Income and Expenditure, the economy is characterized into 5 key sections that are firms, households, government, financial markets, and the world. According to the flow chart, the payment is moved from one section to another. For example, firms pay their laborers
When a new technology makes another one obsolete in terms of economic profit, a firm such as Firm B which uses the new technology will incur less explicit and implicit costs while making its products and services more effective and efficient. This attracts more customers
Apple is discussed, in details, to reveal strength and weaknesses of the organization. It looks at threats of substitutes and new entrants to the state of Apple in the industry. Apple market structure is analyzed to
People can keep producing more if they are given something in exchange of what they give.
I also find the part of government theft an interesting part, and I think it makes sense. Imagine a government taxing someone for producing maize, and
The long run boost in house prices are influenced by the demand for housing surpassing supply. However, there are other factors influencing demand and supply. It has been approximated more houses must be constructed each year to meet the prospect
Essentially, the good salary is an incentive for the employees to always give the best to their organizations, however on the other side; it is a curse to the public, government and global economy in numerous
How many workers should Karen hire to reach the profit-maximizing level of output? Explain why she should hire that many workers. (5 Points)
With one worker, Karen would make 15 stethoscopes ($150), but pay $100 in wages, giving a profit margin
This paper will present and examine the case of De Beers Diamond Jewellers as a monopoly in the diamond industry.
For centuries, India and Brazil were the only producers of diamond and up to the mid-1800 the world supply of diamonds was so scarce that
0 billion every month by which it expects to reduce the interest rates in the long run, encourage buying of other assets such as stocks and decrease dollar appreciation though the program directly aims at the housing sector which is on the verge of stabilization. However,
ough some tough years and it is now in so much debt that it needed injection of finance from other Euro zone countries just to stop the Greek economy from going bust. (Lowen, 2012)
It has been argued that the introduction of austerity packages is the right step forward to take
Before I chose to major in business, I had minimal knowledge of the marketability of my career in relation to the available opportunities. I had no information of the places where I would seek for employment. This was the most critical area since it could
For instance, In 1979 U.S. - China trade was $2 billion, which has since grown tremendously to $562 billion in 2013. Currently, China is the second largest trade partner, third-largest market for exports and the largest single source of imports
The request to increase wages is a strategy to boost the economy. Japan has one of the largest informal worker populations in the world. Increasing these workers wages would mean an increase in overall labor
Unfortunately, the change that the motor vehicle industry has adopted has been of little use since accidents still happen on the roads; though there is a general decline of deadly accidents. Many factors can explain this strange phenomenon
The events of the 2012 killing of Trayvon Martin, a black teenager has served as an epitome of the racial injustice that is prevalent in today’s economy. It is worth noting that the killer, George Zimmerman, a white belonging to the privileged class acted out of
The families that were able to fulfil their basic needs would go further to ask for the industrial products. According to Jan De Vries, a revolution is formed by the demand side of the consumers (Vries). The
Income also tells us the value of outputs produced by the economy because the receipts from sale of output must accrue to someone as his or her income. In order for us to better understand income, we should analyze how data like personal income, disposable
For the company, it can get the comparative advantage if the person employed can deliver more edited ads than the other. The person will also bring a comparative advantage to the company if the clients that get access to the updated information are many. In this case, Andrew
The universality of the laws of supply and demand is interpreted by natural occurrences within the market and shortcomings that result from interruptions would yield inconsistencies and ideally affect the natural flow of market entities. Repealing the laws
Our research wants to find out whether RIM is on the verge of collapsing or not. Our argument is based on four economic factors that can explain whether it is likely to collapse or not. The factors can still support the argument otherwise.
In addition, the national vaccine program coverage provided by the national government does not begin at the zero mark in the x axis. This is also similar to the number of patients receiving home care medical services.
The diagram can assist policy makers in the sense that;
When developing a new product, for example, usually the overhead costs are quite high. However, when producing copies of the same product, the company spends very little. Now, if it is able to sell this
Having settled on the opening of a new branch as the best option, I would like to suggest that the management would have forgone a merger. In order to cope up with the increased demand, the business would have opted for forming a merger with its competitive firms.
Frequently, economic models use structural parameters. Structural parameters are underlying parameters in a model or class of models. A model may have various parameters and those parameters may change to create various
Individual consumer’s focuses on maximizing their utility subject to their budget line (MagrabI, 1991). On the other hand, producer’s aims at maximizing their profits subject to their production Isoquants (Mceachern,