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Generally, the failure of policymakers and the feeble financial system initiated the depression. However some economists believed with Keynes’ principle in explaining the “real cause” of the Great Depression -- capitalism (Rothbard, 2000). While capitalism may be to be blamed for the economic turmoil in the 1930s, the absence of enough evidence of the existence of capitalism in the modern economy absolves laissez-faire as the reason behind today’s persistent recession (Paul, 2002).
If the today’s economy is indeed depressed, large corporations and small firms will be the first entities to crunch. With the decline of market stocks, investors would likely resell shares or worse, discontinue investments on any business undertaking. Businessmen will depend on government funding to shore up businesses. However when companies can no longer allot for debt servicing, they may undergo bankruptcy. Besides, easy money is not a guarantee since banks are also not recession-proof (Ewing, 2010).
The weakening of the financial system would compromise productivity, and largely, labor force planning hence a massive unemployment. High rates of unemployment would result to decrease in demand as those who lost their jobs will cut costs of living. Furthermore, unemployment would result to homelessness, hunger, and/or other psychological and physical problems.
To come out of the economic depression, companies should not rely greatly on debt. Aside from the fact that seeking aid from financial services likely incurs bad debt, it eliminates the susceptibility of banks during crises which is not the case. This would also increase independence as they will have to write off toxic assets and make better use of other assets (Ewing, 2010). Banks can no longer depend on low interest rates since this will only increase the dependence of corporations on them. Also, companies should not always resort to a
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This research aims to evaluate and present a great amount of future technology. Technology can enrich our lives, but it’s the responsibility of the people that make sure it is put to beneficial use. Ultimately, the future will be an exciting place, but we must all work together to ensure that true progress is achieved.
Today computer holds an important position in our life. Majority of communication and business is incomplete with the use of a computer. Some scientists have opinion that we have entered the age of computers. We are surrounded by computers. We have digitized our banks, offices and going in the age that will be almost controlled by the computers (Pountain 2001).
Facebook is an online social networking site which boasts millions of users and keeps many of these “friends” connected, even though they may be in other towns, cities, states, provinces, and even other countries. Facebook is, therefore, most certainly an online novelty of sorts.
However, the art world has substantially evolved over the years and majority of researchers have claimed that the artistic values and creative intelligence of societies have deteriorated significantly. This paper forecasts the changing trends of art world in future years and elaborates on the following quoted statements extracted from few literature resources: “Behind the whole convulsive movement of modern art lies a kind of inertia, something that can no longer transcend itself and has therefore turned in upon itself, merely repeating itself at a faster and faster rate”.
The creator has given everything needed for us to survive in this world. He has given us food, water, shelter and enough natural resources to find our livelihood. But we failed to use it in judicious manner because
The activities normally differ variedly; owing to the numerous stages, into which goods normally pass to their final destination (customer). Conventionally, supply chain constitutes of five entities each possessing distinct tasks in line as indicated (Fig. 1). Each
Future planning in education can be defined as a process of projecting the intentions that need to be accomplished after a given period of time.Future planning is manifested through a detailed scheme or program that is created in advance for the sole aim of attaining the set objectives of the institution.
4 Pages(1000 words)Research Paper
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