In the article Tableau Economique, Francois Quensay argues that real growth comes from the agricultural sector rather than the industrial and the manufacturing sectors. In an attempt to understand the causal factors of growth in an economy, Quensay defines three classes of people that include the productive class (farmers), sterile class (artisans & manufacturers) and the proprietors (the state). Quensay believes that only the agricultural sector is capable of producing a surplus that could be used to produce much more in the coming year and hence help in the spurring economic growth. The manufacturing industry, on the other hand, is incapable ...
Surplus Article Reviews Samples For Students
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Joelving, Frederik. “Hospitals hype robot surgery for women: Study.” The American Journal of Obstetrics & Gynecology. (2012). Accessed October 29, 2012. http://www.reuters.com/article/2012/07/20/us-hospitals-hype-robot-surgery-idUSBRE86J0UQ20120720
This resource highlights robotic surgery for women and identifies better outcomes. Basically, the article makes a reference to the better result of robot surgery since the approach offers a surgeon a magnified 3-D view with excellent imaging of extremely small blood vessels. While doctors make long incision in an open surgery which makes patients profusely bleed and take time to heal, robot surgery facilitates faster recovery and reduced blood loss. However, the article notes increased operating time and higher cost ...
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“Society`s Storyteller: How TV Creates the Myths by Which We Live”
This article talks about the hidden impact television has on people. The author argues that television shapes the human view of the world, which might have quite a dangerous effect. It is important to note that this article was written in 1992, when television was the peak of the mass media. Today the situation has changed dramatically since more than twenty years have passed since then. Therefore, this article should be analyzed carefully, considering all the recent changes in the media sphere.
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Fiscal Policy – Aggregate Demand and Aggregate SupplyIntroduction
In managing the economy, the government may opt to carry out a fiscal policy. Fiscal policy comprises of expenditure and taxes and at times borrowing by the government. Provision of public goods is a government’s duty. A public good is a good that the private sector fails to provide either because of the fewer rewards derived from such investments or simply because of the high cost of investment in such projects (Creel 2009, pg. 141). It is thus a role of the government ensure that the citizen enjoy these goods and services. In financing ...
There many forms of poverty that corrupts a nation. Among the widely recognize form of poverty is the scarcity of food. In an article written by Dr. Satyabrata Rai Chowdhuri, he narrates that the poverty is a man-made catastrophe . This statement is quite intriguing and at the same time rational in a sense that while there seemingly exist the availability of resources for mass enjoyment, it is surprising that there are a lot people suffering from an impoverish state. The author made a good analysis of the status of many countries belonging the Third World nation. These include countries in Asia, Africa and Latin ...
Comparing the 2008 Us Crisis with the Japan’s “Lost Decade”
Both the Japan’s lost decade and the 2008 United States and the world financial crisis were caused by excess savings and inflation of huge asset bubbles. By 1980s many Japanese resorted to a lot of savings on their income as they expected to retire. This translated negatively on the economy as it lowered the Gross Domestic Product and weakened local demand of commodities. Furthermore, much savings simply meant that the Japanese citizen had foregone consumption. However, this problem was disguised in the Japanese poor finance policy as well as financial technology. Inflation therefore arose from poor regulation of the ...