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The massive tax cuts proposed by Kennedy in 1962, and signed into law by Lyndon Baines Johnson after Kennedy’s death succeeded in stimulating demand, creating growth in the economy… Business was booming, jobs were plentiful...and unemployment was near an all-time low. But as the economy heated up, the prices began raising out of control. Many economists felt a tax increase would take money out of the hands of the consumers and business… Spending would drop… inflationary pressures would retreat.
While his advisors urged Johnson to increase taxes, he didn’t think he could get the votes to support it. While Johnson avowed to create a Great Society and eliminate poverty in American, the
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(telephone: 0845 279 1000 or fax: 0141-242 2123).
Scottish Qualifications Authority Assessment Exemplars for Higher National Units
DE3A 34: Economic Issues: An Introduction
Other related Units
This Unit has been validated as part of the HNC and HND Business awards at level 7 within the Scottish Credit and Qualifications Framework (SCQF).1 It is a mandatory Unit. Centres are required to develop the assessment instrument in accordance with the validated Unit specification. Related Units are: Unit code DE3G 35 DE3H 35 SCQF level 8 8 Title Economics 1: Micro and Macro Theory and Application Economics 2: The World Economy Both the above build on this Unit
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As organization structures chanfes from stable to dynamic environments, they tend to evolve from mechanistic to organic
Mechanistic: command and control management style
Stronf of demand
Srandadized policies and procedures
Clearly defined jobs and respondabilities
Conformity is encouraged or even expected
Decision making is based of adherence to operating procedure
More flexible organizational desin
Knowledge-based problem solving
Decentralized decision making
Project teams and integrating roles
Innovation is demand, not just encouraged
Rewards are earned by those who demostrate initative, knowledge and skill
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1)Estimate regression equation
Log(death) = -68.02613 – 0.76033* wine + 1.43092* beer + 80.10335* liquor
= -68.02613 – 0.76033(- 0.76033) + 1.43092(1.430920 + 80.10335(80.10335)
The more people drink wine, the more the death rate will be down of – 0.76033
The more people drink beer, the more death rate will be up of 1.43092
The more people drink liquor, the more death rate will increase 80.10335
3) No, it is not a good model because the significance F which is 0.2457 is higher than the significance level which is 0.05
4) R squared has a value of 0.4749 and means 47.49 % of the variation in death is determined by wine, beer and liquor.
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“It is generally acknowledged that families
are now not as closed as they used to be”
We all know that the family is the most important value in human life. However, in today's world, people seek to succeed in the work, to develop themselves as a person and they have enough time to spend it with family. There are 3 reasons:
At first, nowadays, majority of families are not so close and harmonious as a families in the past. Families used to big and amicable, children respected their elders, knew the grandparents to the seventh generation. In the evening, all had dinner and told how was their day, remembered the past, funny stories. The house was filled with noise and fun. Now
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Украина и Россия достигли компромисса в "газовом вопросе"
Украина и Россия достигли компромисса в вопросе оплаты за российский газ и его закупки НАК“Нафтогаз України”, заявил сегодня министр энергетики и угольной промышленности Эдуард Ставицкий.
“Газ поставляется, вопрос с финансированием и оплатами снят”, – сказал Ставицкий. В связи с этим, министр отметил, что сторонам удалось отойти “от тех формальностей, которые появились в середине октября и начале октября”.
Отвечая на вопрос по поводу возобновления закупок “Нафтогазом” российского газа и их объемов, Ставицкий сказал: “Идем по графику: от 45 до 90
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The US Economy
The US Economy
Like any economy, the United States experiences growth, contraction, and periods of increased volatility throughout any given time period. This analysis seeks to provide a concise report of the current state of the US economy based on the latest data metrics provided in the reports published by the Wall Street Journal. The following information delves into the quantitative and qualitative aspects of the economy’s growth and employment, consumer activity, inflation, housing construction and sales, and international trade.
The first metric to be examined is more than likely the one that the average citizen thinks of when
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India an Emerging Economy
What proves that India is an emerging country? How did it reach this stage? What is the most active section that helps the emergence of India? Why is India going to dominate the economy?
To an outsider, India might look like an entrepreneur’s nightmare, a country with over a billion people riven by paradoxes. The distribution system can be inadequate, the legal system can be intimidating, government often fails to deliver basic services and poverty is a pervasive issue that seems impossible to go away. Nevertheless, India is the perfect example of an emerging economy. Those are tough market conditions, but through innovation in the
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Unemployment (Great Britain) | 1.6% | 7.4% |
Skidelsky suggests the high global growth during the golden age was especially impressive as during that period Japan was the only major Asian economy enjoying high growth (Taiwan and Korea at the time being small economies)–it was not until later that the world had the exceptional growth of China raising the global average. Skidelsky also reports that inequality was generally decreasing during the golden age, whereas since the Washington Consensus was formed it has been increasing.
Globally, the golden age was a time of unusual financial stability, with crises far less frequent and intense than before or after. Martin Wolfreports that
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long run. What has happened to the interest rate and price level in the long run?
First, the nominal interest rate falls. The real interest rate falls too, as people try to get rid of their excess money holdings and buy bonds. With a lower real interest rate, people want to borrow and spend more. Firms want to borrow to invest and households want to borrow to invest in bigger homes or to buy more consumer goods. The increase in the demand for goods cannot be met by an increase in supply because the economy is already at full employment. So there is a general shortage of all kinds of goods and services. The shortage of goods and services forces the price level to rise. As the price level rise
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The UAE currently has one of the fastest growing economies in the world
The GDP of the UAE ranks 30th in the world (At $360 billion in 2012)
Tourism is one of the main sources of revenue in the UAE
Although the UAE has become less dependent on natural resources as a source of revenue... petroleum and natural gas exports still play a crucial role in the development of the economy , especially in Abu Dhabi
A massive increase in construction around the country, expansion of manufacturing activity and a thriving services sector are helping the UAE to make it's economy more diverse.. OPEC(Organization of Petroleum Exporting Countries)
and WTO (World Trade Organization) are the main
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Determinants Of Audit Fees: Empirical Evidence From Emerging Economy
Kamal Naser* Hamed Abdullhameed** & Rana Nuseibeh***
This study investigates the structure of audit fees in an emerging economy, Jordan. Data were collected from a sample of companies listed on the Amman Stock Exchange that forms 90% of the total population and fairly presents all industrial sectors within the economy. Consistent with previous research, the results of the analysis revealed that corporate size, status of the audit firm, industry type, degree of corporate complexity and risk are the main determinants of audit fees in the Jordanian environment. Unlike previous studies, however, variables such
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FEDERAL RESERVE BANK OF DALLAS
Issue 2 March /April 2003
. . . . . . . . . . . . . . . . . . . . .
What Wages and Property Values Say About Texas
Two principal factors determine which cities experience the most rapid economic growth: business investment and labor growth. Business investment is high in cities where productivity is high relative to the cost of production. Workers are most attracted to cities where the amenities and wages are high relative to the cost of living. Together, wages and property values convey considerable information about a city’s productivity and amenities, and therefore about its growth potential. Taken independently, however
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Ebola’s Effects on the Economy
The Ebola virus is a deadly, contagious disease that spreads via contact with bodily fluids of someone who is infected and exhibiting symptoms. Since it’s introduction in 1976, the virus has resurfaced 14 times, the most recent being the outbreak in the West African countries. (Legrand et al., 2007) While the effects on the health of the general public are the most prevalent in society, Ebola also has several economic impacts: public paranoia, implementation of new public policy, and decreases population.
Once Ebola spreads to a country, the general mentality of the public becomes paranoid that they are susceptible to the disease wherever they go. This
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Reflection 2 : Charlotte Hajer. « The Economy of Mental Health: Inequalities in Access to Care in Morocco.»
I think it a very important subject to all the Moroccans. A survey from 2005 is kind of old in these kinds of articles. I wished if its was more from the past two to four years, so we could get a real glance at what we have. I had previous thoughts on the medical care in Morocco. Did it go better or worse? Especially since 2005. I mean 10 years is a long period and a lot can happen within that time. Saddam Husain was executed, North Korea and South Korea leaders met for the second time, Arab spring, and much more. AT LEAST, 50 percent of the population suffered from mental illness
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Effect of the slowing economy on Real Estate sector Nilisha Parikh Proposed guide(s): To be identified 31 December 2012 Background and need for the study "India is projected to grow at 5.9 per cent in 2012-13 compared with 6.5 per cent in 2011-12," The UN Economic and Social Commission for Asia and the Pacific (ESCAP) said in the report titled 'South and South-West Asia Development Report 2012-13. Recession is often accompanied by inflation and unemployment. The existence of these two things has a major effect on the real estate market. Since people have no jobs, they have problems paying the mortgage and also the interest rates increases because of inflation. Inflation also causes people
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Co-operation in a Capitalist Economy
This course has taken us through the history and development of the co-operative economic structure, looking in depth at the co-operative movements’ roots and the formation of its laws. Examples such as the Mondragón Corporation and the co-operative movement in Italy were provided, to allow for a better understanding of how this system has evolved and its existence in modern society today. As this semester comes to a close, I wanted to take a closer look at co-ops here in the United States that are undergoing the trials and tribulations that result from being a co-operative organization within a capitalist economy. To do so, I first began by
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IMPACT OF CLIMATE CHANGE POLICIES
THE GROWTH OF THE INDIAN ECONOMY
Submitted by: Kriti Bhardwaj Date: 1st December, 2010
The most contentious global debate today is the obligations of the developed and the developing countries to take steps to reduce their carbon footprint. Though climate change is a danger for all countries-developed and developing alike, the quantum of responsibility for mitigating climate change is a debatable issue. There is a perceived divide between the obligations of the two
696 words - 3 pages
Islam is an entire way of life, and Allah's Guidance extends into all areas of our lives. Islam has given detailed regulations for our economic life, which is balanced and fair. Muslims are to recognize that wealth, earnings, and material goods are the property of God, and that we are merely His trustees. The principles of Islam aim at establishing a just society wherein everyone will behave responsibly and honestly. The fundamental principles of the Islamic economic system are as follows:
Muslims are not to deal in interest. "Those who devour usury will not stand....Allah has permitted trade and forbidden usury.... Allah will deprive usury of all blessing, but will give increase for
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Monetary policy alone cannot save Indian economy
Main Limitations of the Monetary Policy adopted by the Reserve Bank of India
1. Huge Budgetary Deficits :
RBI makes every possible attempt to control inflation and to balance money supply in the market. However Central Government's huge budgetary deficits have made monetary policy ineffective. Huge budgetary deficits have resulted in excessive monetary growth.
2. Coverage Of Only Commercial Banks :
Instruments of monetary policy cover only commercial banks so inflationary pressures caused by banking finance can be controlled by RBI, but in India, inflation also results from deficit financing and scarcity of goods on which RBI may
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The United States of America. A name that is synonymous with rich history which is not always pleasant, triumph, losses, and power. Throughout history, there have been many different eras which included changes and wars for the common good of the land. Although some were unnecessary, others were necessary in order to bring the country together to what it is today. Of course, with these came political struggles to ensure a fair and successful system. With these struggles come economic factors as well as how it shapes the social structures of each state.
The Civil War had the greatest impact of all. This was the deadliest time of all with many lives lost. The root of the conflict was
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Plan of the investigation:
This investigation analyses the successes and failures of collectivisation in the Soviet Union, specifically looking at the impact it had on the peasants of Russia and whether it aided in satisfying the Soviet Union’s economic needs. In order to assess the extent to which collectivisation was a success, this investigation examines and evaluates the first few years of collectivisation, assessing collectivisation’s impact on the economy of the Soviet Union and the people, as a stronger economy would greatly improve the livelihood of the masses. Ultimately this investigation assesses the wisdom of Stalin’s decision to partake in collectivisation. This analysis
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The Travels of a T-Shirt in the Global Economy
The opening of this story begins with an organized student protest at Georgetown University, where author Pietra Rivoli, who is a professor of finance and international business, is watching the students arguing statements. This immediately captures my attention as it begins to describe a common characteristic of a major University that I live near and attend many events at. The University’s organized peaceful protest allowed the public speaking through protesting on the topic of the evils of big corporations and the explanation of how these big corporations, Globalization, The World Trade Organization (WTO) and the international Monetary
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S(ex) F(or) C(ommerce)
-its (???) licking good!!!
Critiquing the Market in ‘body’…
To: Prof. Harish Naraindas
Course: Economy and society in India.
“What we became:
What we got called
Shugyofu- Women of Indecent Occupation (- SAY IT, The Vagina Monolouges- Eve Ensler,2008)
Prostitution, pornography or sex work has been in history one of the most demeaned kinds of work. But today there is a drastic change in the way prostitution is viewed. There
650 words - 3 pages
HAIDAR H. HAMOUD
WEEK 5: ASSINGMENT 2
MKT 505/ STRAYER UNEVERSITY
DR. JEAN GORDON
APRIL 5, 2011
American and European companies look at Cuba as a fresh market that would become a great venture for short and long term investments. However, the United States and Cuban affairs never condensed the high tension that was started in 1959. The economical siege started with the trade restriction dilemma between the U.S. and Cuba in 1959 when Fidel Castro took over the government in Cuba. Fidel Castro first action, as a young leader for the newest communist nation, was taking over all private sector businesses and properties including those were owned by American inverters. Castro
351 words - 2 pages
The impact of value added tax in Nigeria is that of a coin, what I mean by that is that it has two sides, both negative and positive,on the side of government, it has tremendiously increased the revenue earnings as opposed to the normal system before the advent of the (vat), it has reduced the incidence of tax invasion as many people who hitherto used to avoid vat has been paying as it is indirect form of tax system. Many goods that people purchase these days has tax tag sometimes unknowingly by them. VALUE ADDED TAX (VAT): This was introduced by the VAT decree No. 2 of 1993, to replace the old sales tax. It is a consumption tax levied at each stage of the consumption chain, and is borne by
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An Analysis of the Effects of the Big Four Super Markets on the Local Producers, Retailers, Community and Economy of the U.K
Introduction to the ‘Big Four’:
Grocery shopping in the United Kingdom is dominated by four companies that have opened up retail outlets there. All of these companies are British. They all have a huge market share and have thus earned the title of ‘The Big Four.’ Following is a small introduction of each of the four brands along with their market share both inside and outside the United Kingdom.
Tesco is the multinational company that offers grocery and general merchandise. It is a retail business that has its headquarters in the United Kingdom. Functioning from
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1. In the 1980’s Japan was viewed as one of the world’s most dynamic economies. Today it is viewed as one of the most stagnant. Why has the Japanese economy stagnated?
The Japanese economy has stagnated due to the Stock market crash. This turned the economy into a down turn as property prices fell and banks had large amounts of debt.
2. What lessons does the history of Japan over the past twenty years hold for other nations? What can countries do to avoid the kind of deflationary spiral that has gripped Japan?
This has taught other countries to avoid risky lending practices which lead to bad debt as well as to prevent overvaluation of its assets. Conversely this has also allowed
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An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency.
In the past, economic activity was theorized to be bounded by natural resources, labor, and capital. This view ignores the value of technology (automation, accelerator of process, reduction of cost functions), and innovation (new products, services, processes, new markets, expands markets
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Week Four Reflection Summary
November 5, 2012
University of Phoenix
Week Four Reflection Summary
In week four, Team D—Joe, Beverly, Kevin, and Rachel—learned about deficits, surpluses, and debt in relation to the macroeconomic health of the United States. The group as a was very comfortable with the discussion of the week while learning new information about the health of the economy. The following is a summary of what the team learned in regard to deficits, surpluses, debt, and the health of the economy.
Budget deficits occur when government expenditures exceed the amount of revenue coming into the economy through income and taxes. A deficit is a summary of
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Extract B (lines 7 – 8) states that ‘the answer to increasing the long-run trend rate of economic growth is not simply one of increasing spending’.
Using the data and your economic knowledge, assess the importance of both demand-side and supply-side policies in helping the UK economy to achieve a prolonged period of economic growth. (25 marks) 2011
Extract E (lines 1 – 2) states: ‘The overriding objective of economic policy is to maintain a stable economy. This requires low inflation, low unemployment and a steady rate of economic growth.’
Using the data and your knowledge of recent economic events, assess the contribution that fiscal and monetary policies can make in maintaining
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The closed system form is for any economy it focuses on keeping cash flow in one nation. The flow goes from corporation that hires to raw resources to produce goods and services. The goods and services, then sold back to nations with a steady cash flow maintain in the nation. However, the closed system is not perfect, but known for an ideal method of economics.
In some cases, a closed system shows a number of leakages that occur from money traveling out of the economy, but not coming back into the right hands, businesses or individuals. For instance, the government taxes are spent for protection against crime and fires and not given back to the community, which then is lost in the
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A New Home
September 22, 2012
A New Home
When deciding to purchase a home my husband and I had to ask ourselves how the government bodies affect the housing market. The answer to that question is it the government body plays a big part. The strength of the economy at the time will make us feel comfortable or uncomfortable about the purchase of a new home. We realize a new home will be a large amount of money and time devoted, the stability of the economy is a big factor.
The use of marginal benefits and costs will help us determine if it is the correct time to make the purchase. Marginal benefit gives us the satisfaction of our purchase, with the maximum
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A New House and the Economy
A New House and the Economy
The decision to purchase a new home is a significant one to say the least. With the current conditions of the economy the decision should be calculated down to the very last detail. The consequences of purchasing a new home will have a direct affect on the rest of your life, so the choice to purchase a new home should be one made with confidence and plenty of knowledge. You must take into account all the variables that will come into play such as the economy, the market, interest rates, housing prices, and most important your financial and employment status.
The current status and strength of the economy and your
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Concept 1 – Economic Systems
An economic system allocates a nation’s resources among its citizens. Different systems vary in who owns and controls these resources, which are known as the factors of production (labour, capital, entrepreneurs, and natural resources, as well as physical resources and information resources). A command economy relies on a centralized government to control all or most factors of production and to make all or most production and allocation decisions. In market economies, individuals—producers and consumers—control production and allocation decisions through supply and demand. Most countries rely on some form of mixed market
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Aggregate Demand and Supply Models
August 21, 2014
Aggregate Demand and Supply Models
In order to examine the U.S. economy one must examine its unemployment rate. During the recession in 2008 the U.S. unemployment rate was at five percent. The aftermath of the recession caused the unemployment rate to increase to an all-new high. The rate in 2009 went up to 7.9 percent. In 2010 the rate increased to 9.7 percent. In 2011 it slightly decreased to 9.1 percent. In 2012 the rate dropped to 8.2 percent. In 2013 the rate then slightly dropped again to 7.9 percent. The U.S. current unemployment rate is 6.6 percent (US economy, 2014).
A rocket scientist is
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Lecturer in P.G. Dept. of Commerce
Global Recession and Impact on Various Sectors of Indian Economy
The word 'Recession' denotes a temporary period of economic decline during which trade and Individual activities are reduced. Till date, the world has witnessed a number of economic recessions that brought the trade market to a standstill and left the economists and analysts with valuable lessons to be learnt for future. Globalization and liberalization have contributed a lot in making the entire world a close knit economic unit. In an interconnected global economy recession and economic turbulence in one part of the world
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Chapter 8 Unregulated Corporate Reporting Decisions: Consideration of Systems-Oriented Theories
Question 1: In relation to Political Economy Theory, which of the following statements is false?
A: Political Economy Theory views society, politics and economics as inseparable
B*: Political Economy Theory is derived from Positive Accounting Theory
C: Legitimacy Theory and Stakeholder Theory are derived from Political Economy Theory
D: Political Economy Theory can be divided into “classical” and “bourgeois” political economy theories
Question 2: The difference between “classical” and “bourgeois” political economy theory is that:
A*: “Classical” political economy theory
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Legalization of Marijuana
One debate that keeps coming up time and again is the topic of the
legalization of marijuana. Marijuana is the most widely used illegal drug.
Nearly one in three teenagers have at least tried marijuana by the time they
graduate high school. It is also gets the most publicity for its legalization.
Over thirty pro-legalization organizations have been displayed on the Internet
alone. The legalization of marijuana , although popular by today's drug culture,
would be a very dangerous and detrimental act for the United States to take
part in. Not only would it destroy families, but would also lead to the fall of
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mobilizing effort using human energy for production of goods and services. Mobilizing effort is not enough, without proper allocation of the right goods and service and producing the right amount of product that is essential for human survival. Production is only one part of the problem, the second part of production deals with distribution. Without adequate distribution of products (goods and services) the cycle comes to a stop and could cause economic collapse.
Throughout the course of history mankind developed three types of economies; tradition, Command and Market. These economy systems provide a solution to the production and distribution dilemma either working independently or in
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First I will be talking about brazil’s economy. Despite recessionary effects, brazil’s economy has maintained stability, performing better than most emerging markets. Brazil’ Gdp grew 7.5% in 2010 and they are currently the 8th largest economy in the world. This economic growth combined social programs has strengthened the purchasing power of each consumer. For the first time, a majority of Brazilians are now middle class, and domestic consumption is an important driver in Brazil’s growth. The rise in domestic demand and employment, has pushed inflation to 6% causing the central bank to boost interest rates. Because of this, the value of their currency has risen nearly 40% since 2009. Now
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. After duration about 2 years you cannot use old software because the old software isn’t compatible anymore. For example, try to install a windows xp game on a windows 7 platform. In the most cases it doesn’t work and the consumer must update his software. After all the economy has a big profit on planned obsolescence. Just imagine a TV lifetime would be over 10 years, which means low profit ranges for the producer’s and so on low economy and slow innovations. About this situation planned obsolescence promotes the economy, because the lifecycle of products are lower and the sales rates higher. Ultimately jobs are created and consuming is the best way for a good economy. The shadows from
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the world economy in three or even five years?
. Your initial post must be 3 paragraphs 6 lines in length with a minimum of 2 peer-reviewed references in APA format.
At the close of 2011, the global economy was at a very dangerous juncture, it showed a GDP growth of 3.4% with only a probability of 45% of obtaining this growth during the 2012 fiscal year. This was showing China economic stability had weakened (World Economy). Export dependent sectors that had been the force for a very strong domestic market was declining. While Brazil showed no growth and India has drops in both industrial and investment activities. As we saw in previous discussions and readings, one of the largest
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1. Political Economy: The political, economic and legal system of a country
2. Political system: he system of government in a nation
3. Political systems can be assessed according to two dimensions. The first is the degree to which they emphasize collectivism as opposed to individualism. The second is the degree to which they are democratic or totalitarian. (collectivismtotalitarian; individualismdemocratic)
4. Collectivism: Collectivism refers to a political system that stresses the primacy of collective goals over individual goals. (socialism, communism, social democracy)
1. Socialist: Someone who believes in public ownership of the means of production for the
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for a very long time. It also has a lot of potential to raise its economy by either implementing a higher tax on exporters or by expanding its services enabling more jobs for the city.
Strength 2: Manufacturing facilities
We know the city of Detroit was the 4th largest city in America during the first half of the 20th century since it was where the biggest motor and manufacturing companies used to be. Currently, the motor manufacturing business is dead, but the facilities and company plants are still there. These are huge assets; they could be sold to other manufacturing companies who could take better use of these resources for extra revenue (Carey, 2013).
II – Weaknesses
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Aggregate Demand and Supply Models Economic Critique Team Paper
Erick Cabrera, Aaron Santiago, Marcus Crabtree, Abram Meza, April Mendez
June 30, 2014
Prof. Michael Gay
When describing the current economic state of the United States there are several factors that must be included. These factors will affect the aggregated demand and supply of the United States economy. Such factors consist of unemployment, expectations, consumer income, and interest rates. All these economic factors will help us evaluate and establish important stimulates that will resuscitate the United States economy.
There have been many obstacles for the United States as the economic
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Economic Advisement Paper: Option 1
September 15, 2014
The United States economy is currently recovering from a recession that occurred in 2007. While this society is on a steady incline to forget what happened, it was a traumatic time for many Americans. As economic advisors, it is critical to evaluate factors such as unemployment, expectations, consumer income, and interest rates. By analyzing these elements, we are able to determine how each affects aggregate supply and demand. We also developed a set of recommendations for the U.S. president regarding government spending and taxes based on the economic factors’ current state. This will help to better understand all
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bonds were sold as interest rates rose.
The idea of tapering is so frightening because the US economy is so weak at the moment. The economic growth is around 1.5 percent in the second quarter of 2013. The Fed’s target for inflation was 2 to 2.5 percent and the core personal consumption expenditure has fell to a new low in 50 years of its existence. Couple the fact that the exchange rate is too unstable to provide any relief with the interest rates nearing zero have led to the inflation of asset prices. Because of these economic conditions, if the Fed tries to tighten its money now then the possibility of deflation becomes more realistic which would slow down the economy and also burst
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challenges, external or internal. Among them, environmental issues are the most evident and urgent. In fact, this explosive growth has left scars across China's landscape and environment.
Which lead us to our problematic: How the environmental issues can affects the economic development of China? And what are the solutions?
* Overview of the Chinese economic development
Since the opening policy in 1978, China has been the most rapidly growing economy in the world. And even if there is a certain tightening of the economy policy of the government and in spite of the rise of the price of raw material, this growth doesn’t have until now given any major sign of
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To: Lead Economist Laura
From: [Tony Randall]
Subject: Final Project Paper
After completing this course in Microeconomics, I have learned quite a few things about this subject. It is my hope that what I have learned can be relayed to others and be beneficial to whoever decides to take this subject. I have learned how our economy works on a small scale and a large scale.
There are many different kinds of economies in our world and each have an important role for running their respective countries. The first is the Centrally planned economy in which the government of that respective country decides how economic resources will be allocated. The second economy is