The recent trend of global oil prices and the reaction of the U.A.E. government in recent times are however not following the conventional equilibrium theory of demand and supply. In a recent article that has been published in Gulf News states that the global
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when the government is honest and friendly to its people as it happens at the beginning of a dynasty, taxation obtains large returns from small valuation. Ibn Khaldun clearly envisages the effect of tax on enticements and productivity that he appears to understand the concept of
This was followed by the export of Sugarcane in the 16th and the 17th century. In the 18th century precious metals and other gems was the main export commodity. In the 19th century the commodity that was exported was coffee (Embassy of Brazil in Wellington,
Goldman’s role in the Tech stocks bubble is evident in the internet era where it took advantage of the investors not knowing about the changes in regulations regarding control of quality standards. It did not observe the new underwriting guidelines and often manipulated
The value also represents the total number of variations of the model used. For instance, the coefficient of determination for the econometric model in quest is 0.958026537. This shows that there is 95.8% of variation of outcome of the econometric model. The
20 – 22)3. The New Deal is considered to be the defining moment during the Great Depression of 1930s and the government spending is viewed as the major step that improved the situation as many economists agree that at the point inadequate government spending led to the
It is double that of northern Europeans. Despite having plentiful supplies of coal, enough to last 250 years, and being the biggest producer of nuclear energy, American is overly dependent on oil for its various industries. For instance, over 96 percent of its transportation is dependent on oil (Montgomery 140).
Gross Domestic Product (GDP) is the monetary value of all the final goods and services that are produced within a country. In the paper, the data was obtained from the World Factbook. According to the records in the book, it is clearly seen that the Gross Domestic Product of the 22 Arab League members was 2649.6 billion US dollars.
The households in turn spend the money paid to them by firms in the form of wages and salaries to purchase finished products from firms. The firm also uses the proceeds from sales of products to buy raw material for further production of goods, which will require
Also, some economies such as Western Europe and Japan are in a faltering state while China is headed for its slowest growth in the past two decades. This paper thus analyses the 2015 global economic outlook and my
Sometimes when these financial agencies are doing so, they do not consider at least the social cost that the debtor country will have to pay. The reforms embodied in the IMF have been argued to have come disproportionately at the expense of wages, employment,
iew provides information on conflicting information in different studies and may also provide information on the reliability of the information obtained on the basis of the data used and the methodology employed in carrying out the research studies. It may also provide valuable
The shrinking and aging of the population of Germany remain to be one of the greatest demographic challenges facing the country. With the lowest fertility rates (1.4 per lady) and highest life expectancy rate (80 years) in all of Europe, this promises to be the main the concern for the labor market in the coming decades.
The author states that one problem with the public education provision system is that it may lead to crowding out in private education provision.The crowding out the problem can be solved using educational vouchers. These vouchers are fixed amounts of money offered by the government to families with school-age children to spend it on any school.
There are important distinctions between these terms which give each term a unique meaning. The invention is about discovery and the creation of something novel that did not previously exist. Innovation, on the other hand, carries invention further with the commercial realization of the value of the invention or the receipt of an economic return.
ity popularity and reputation, incompatible celebrity images and overriding popularity of stars over the product being promoted render them as ineffective marketing strategies.
Celebrity endorsements benefit new brands by quickly establishing their credibility in the market. By
Important features for the inflation targeting are transparency of policy that exist and this is increased by communication and being clear on the plans and also the objectives of policymakers. Also increased accountability in the central bank
Indeed, the aspects of consumption inculcate a vast array of economic, social and cultural dimensions in which case it is more appropriate and worthwhile to focus on the topic as a single affair (Lockie & Kitto). In this case, the consumption-production relationship becomes out of the question as the separate models gain different analyses.
The quantity supplied will increase and the market price will decrease, but in the short run. In the long run, the demand will increase due to decrease in price. However, suppliers may hoard the goods to wait for the prices to increase hence low supply.
c. Increase in
The dollar has gained 3.2 percent against the euro and 8 percent against the yen. The gain creates expectations that the economy will grow at a higher rate than Europe and Japan. Currently the dollar went higher. The dollar now trades against several currencies at a four-year
in the beginning of 2014.In addition, the author informs that unemployment rate witnessed decline from 7% in November, last year to 6.6 percent in January this year. Many economists consider that the job market recovery is far from complete, yet.
Discussing on the gap between
The scarcity of resources or rather the finite nature of the world as explained by Garrett Hardin explains the inefficiency of the invisible hand. According to the theory of ‘tragedy of the commons’ each
According to the author, the Marshal plan, by 1949, registered a big success in restoring the European economy and was expanded to assist developing nations (36). Technological know-how offers the cheapest means to rive development in least
In turn, it is investing billions of dollars abroad” (BBC). Although, China was a reasonably developed nation from earlier times, it went into an active mode of economic expansion after the World War II, particularly from 1970s. The man who
The perfect example of a country that has benefited and still bound to benefit from international trade in future is Canada. The future economic growth and development of Canada hugely depends on its international
The author states that it is commonly believed by economists and the common public that the London Stock Exchange is as near to a perfect market as there can be. The basis for this belief lies in the fact that the stock and share prices in the Exchange are extremely susceptible to the factors of supply and demand in the market.
The human capital, as an investment, requires a cost and, at the same time, payment for any return over the monetary or non-monetary lifetime.
According to Harmon et al (2003), extensive research works and literature have been
Monetary policy can have a big impact on commodity markets, but the exact nature of the price movement depends on the direction of the change in monetary policy and the raw material in question. New research from the Federal
The social costs of unemployment in both the USA and Canada are similar in most cases; nevertheless, there exists instances where they differ.
Long-term unemployment in both the USA and Canada creates numerous long run social costs in these nations. For
The aim of economic structures adapted by the west was to industrialized the countries making them some of the best in the world. The goal was to recreate a platform for the realization of better economic and living standards for the people.
The loans have enabled the U.S.A to sustain its current account deficits. According to Summers (2004), the United States had a fall in its rate of savings and a rise in the rate of domestic investment. Nations with high saving