A recent article by Cooper for BusinessWeek has cited this jobless rate as the worst since the 1930s with the maximum number of job loss occurring over the past six months. A survey carried out by the Labor Department has only noted a weekly increasing jobless rate which shares an inverse relationship with the GDP or the gross domestic product.
Economic growth is experienced basically when there is seen an increase in the production capacity of goods and services in an economy. (Encyclopædia Britannica, 2008) It is also seen as the increase in the standard of living of the society as a whole.
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The recession hit sectors of manufacturing and construction have a high concentration of men while most women are employed in the education and health sector that has escaped the clutches of recession. The key question that Coy is addressing in the article is the impact
US economy was in recession during the period of 2008-2009. It started to recover from 2010 but it seems that the recovery is not a sustainable one as it may contract again in the coming days. Recently
According to the paper findings, high inflation is one of the costs that an economy has to pay for expansion. In order for an economy to grow, there is bound to be a rise in the rate of inflation and the same is the case with the economy of Brazil. The growth in the economy in the recent past has kept the rate of inflation high.
From this explanation, we can conclude that products in the international market must be valued in reference with international currencies.
In relation with the discussion by Zhou in 2011 concerning the drop in natural gas
It can be measured on the basis of confidence shown by consumer. Since then, in the world of macroeconomics, the term ‘animal spirits’ have gained a very important position as regards to the understanding of concepts related with trust which has been
The GDP growth of South Korea has not been consistent over the last few years. The country’s GDP growth was 0.3 percent in 2009 but improved to 6.3 percent in 2010 (Euromonitor, 2013). The GDP grew 3.6 percent n 2011 and 2.0 in 2012
The treaty excluded countries with weak economies and made sure there was a stable relationship of countries with the same economic might. The treaty was signed in the year 1992. The process started by signatories of the treaty fixing their
This competition as a market competition was first identified by American economist Edward Chamberlin and also by Joan Robinson who was an English economist, in 1930s (Brakman & Heijdra, 2011 p. 13).
a) Products’ physical differentiation: where size, design,
Smith’s contributions to economics through this book were numerous. One of the major ones was a thorough and clear description, for the first time, of the division of labour, and how such a division of labour into greater specialization (and greater mechanization)
The impact of government report about the outbreak of salmonella poisoning a recent kumquat crop will cause the demand curve to shift towards the left indicating a decrease in demand. This is shown in the diagram below;
If the price
Therefore, there will be a shift in the AD from AD1 to AD2 in slanting straight lines.
ii) The inflation shock will affect the per capita because of the subsequent increase in income; thus, there will be a shift in the level of demand for products. The
Through this objective approach of predicting the future by understanding the present and past social phenomena, Machiavelli made enormous contribution in social science. Machiavelli does not promote judgment toward moral value
Government intervenes in the market when market failure arises such as in monopoly or oligopoly, which restricts competition to earn abnormal profits. The paper ends by studying the impact of international trade on the economy under
mith suggests that it is only among the underprivileged that the absence of subsistence can limit human reproduction, and that it can achieve this by harming a large percentage of the children produced by their fruitful marriages (Ness & Ciment, 2014). Malthus, on the other
The company may be forced to employ managers from in the host company who may take control of the company against their will, political influence and pressure may also influence in the host country the running and control of the company.
Eradicating rural poverty in Third World countries has been like an old tune to economists and policymakers for over 50 years now. Several strategies have been suggested, tried and implemented without much success over the years. The traditional obsession with macro policies implemented at the state level has at most been disastrous.
As part of the main discussion, this report will describe and evaluate the main macroeconomic policies used by both the British Government and the Bank of England. Furthermore, real-life economic situations that
Globalization defined the growth of integration of the world economy that contributes to an increase in the level of communication, products, ideas, services and expertise exchange across boards has had both positive and negative impacts. Globalization has had dual effects on the sovereignty of states and countries.
In the unique case of Nobody University, increasing the tuition has been arrived at despite the pointers showing the demand for the services is at its low of 1:2 possibly because the price skimming strategy
In UK, the airline has recently founded the Little Red project which purposefully does domestic flights within the UK.
The ratio shows that Virgin has been aggressive in financing its growth with debt.This can result in the company paying additional
Wage rates complaints normally arise if workers feel that the company is maximizing returns, but fail to improve their incentives (Phillips and Gully 442). Another benefit of unions is that it facilitates the improvement of benefits that
p1 by purchasing excess supply, there will be a problem in case there will be a rise in supply due to better than predictable yields of wheat at harvest time. This will cause the supply of wheat to shift out to Supply of wheat 2 as shown in graph putting down ward pressure on
An employee with moveable ability will be capable to shift effortlessly from one profession to any other. Flexibility as a wide financial scheme is basically the capability to counter the financial variance proficiently & speedily whilst
uted to the fact that market prices normally ignore the costs imposed on the third parties and thus the pricing mechanism can never reflect the true social costs of economic activities. In today’s world economy, road transport plays a vital role. Condition in which marginal
This is because monopoly eliminates unnecessary competition by eliminating any possible generic products. In addition, certain monopolies such as copyrights encourage innovations. This encourages economic growth, since developments are dependent on innovations and
reasons and that is why, economies do not attain an ideal level of productivity in the local production systems but again the economists try to reach nearer and nearer to the level of optimal capacity every now and then. However, the governments risk overproduction and
Since the depositors cannot play the role of checking the banks trustworthy, a system needs to be put in place so that the depositors’ money is kept safe. Therefore, the major problem that has dominated the modern banking institutions is the fact
Higher education can also be of benefit to the society in a more comprehensive manner. College graduates are associated with greater levels of civic contribution and charitable giving, decreased criminal activity and communities that are