Economy College Essays Samples For Students

Today, the economy of Europe is comprised of more than 733 million people in the 48 nations. The wealth of states in Europe varies like in other continents although the majority of the poorest are well up compared to the poorest states in other continents particularly in regards to living standards and GDP. Across Europe, the difference in wealth can be determined through a nominal GDP. For instance in 2010, Europe had a GDP of $19.890 trillion which was 30.1% of the world’s GDP. Germany has the largest national economy in Europe, which is ...

Abstract

In the contemporary business society, different nations try to adopt the idea of outsourcing as an instrument of improving the growth of their economy. Outsourcing is attained through different ways that a country would consider beneficial to the growth of its economy. Such ways may include importing cheaply skilled labor from foreign countries, investing some part of a company’s income to foreign countries, shipping manufactured goods to a foreign country to be sold there and many other ways which are mainly adopted to improve the country’s economic growth. Outsourcing may, however, exhibit divergent impacts to the county’s ...

In the recent past, many people have been voicing out the need to increase the minimum wage by both the federal and state policies. They argue that, an increase in the minimum wage will not affect the economy negatively as most economists suggests. The article Minimum wage increase would have mixed effects, C.B.O Report Says dated February, 18, 2014 authored by Annie Lowrey in The New York Times clarifies this issues using supported evidences. It explains that, the popular Democratic by proposal that is being championed by Obama to push the minimum wage to 10.10% an hour will create ...

Business or economic globalization is the global integration of markets. In the past century this has been one of the major global megatrends as economies of the world battle it out to have a share in the lucrative global business arena. Asia has not been left behind in this rush. It has taken several domestic and international steps meant to boost its businesses with foreign economies on a global scale. Trade agreements and improvements on the quality of products are some of the steps that Asia has taken to boost its presence in the global business arena. However, Asia has experienced ...

1A The leadership of the Virgin Atlantic believes that the success of the business strategy requires them to build their foundations by focusing on business and leisure market. Also, by building foundation by focusing on driving efficiency and effectiveness of the company. They have a simple mission statement, which is to embrace the human spirit and to fly. In contrast, the British Red Cross helps people who are in crisis, irrespective who and where they are. In their effort, they form part of a global voluntary network, who responds to “conflicts, natural disasters, and individual emergencies.”

Virgin Atlantic has a sound ...

Cheers to technology and the internet, the world has over the years turned to be a small village where physical and geographical barriers that hindered people’s movement from continent to continent no longer exist. As a result, people’s movements are no longer mired geographically, but rather by man-made policies. Such policies are termed as immigration policies. They denote a country’s set of rules and regulations that are formulated with the objective of guiding people entering and leaving the country. Worth mentioning early on is the fact that each and every country formulates its own set of immigration policies, and ...

There are some aspects that cannot be left behind when discussing issues surrounding economics. “Economics, history, political science and power are not separable. That is; politics has a hand in the control of the economy. Similarly, the power-history of different nations also determines the economic status.” This is one of the facts that are not debatable.
Most of the countries that have a strong political background are also deemed to have a stabilized economic system. A stable political environment creates a platform for successful economic negotiations. In the recent times, there are some issues that have cropped up. The issues are related ...

1. Agents of Socialization

An individual’s socialization process is generally affected by a plethora of issues. However, the profoundness of the impact of each of such varied factors always depends on the individual’s circumstance, personal experiences of the individual, and the stage of life of that particular individual. The various such agents of socialization are family, church, school, hospitals, media, workplace, social forums, among others.

Socialization with the members of the various social agents, as listed above, helps individuals to learn successful functioning in their social world. Social agents facilitate the much needed social learning which basically happens with the help of ...

Abstract

Inflation more often than not is regarded as a bad economic occurrence where prices of commodities and the general cost of living rise. However, inflation also brings positive economic growth and development. Analysts argue that inflation that is regulated presents several benefits for economic growth and development on one hand while on the other factions have refuted claims to the fact that inflation can be utilized to provide any benefits for the economy. Based on an article by Kenneth Rogoff the paper argues for and against the viewpoints of various authors in regard to the benefits visa-vis the disadvantages of ...

1) Lionfish, belonging to the genus Pterois, is native to the Pacific and Indian oceans. They inhabit the coral reefs and lagoons and predate the small fish. Lionfish is now abundantly encountered in the United States East coast and Caribbean Sea.

There is a speculation that the lionfish was released from an aquarium in South Florida in the hurricane Andrew in 1992, although the lionfish was first discovered in the South Florida much earlier in 1985. In the last two decades the lionfish particularly the P. volitans species has expanded largely across Western Atlantic and Caribbean (Albins and Hixon, 2011). ...

The leading, lagging and coincident economic indicators are types of the timing attribute of economic indicators. This is because they indicate the timing of their relative changes with the changes on the entire economy. Economic indicators can be defined as the statistics indicating how well the economy of a given nation is performing and future projections on the performance of this economy (Hirschey, p. 212). These statistics include GDP, unemployment rates, and inflation rates among others. Leading, lagging and coincident economic indicators are as defined below:

Leading – These economic indicators change prior to economy changes thereby signaling future changes ...

In the article entitled “Economy Is Showing New Signs of Strength” written by the Associated Press and published online in The New York Times on September 5, 2013, the current economic condition of the United States was presented and announced in the light of prevailing external factors. As revealed, the facets that apparently contribute to the strength of the economy stemmed from the following sectors: increased employment opportunities in the service companies, particularly in auto sales; an evident lowering of interest rates due to “scaling back purchases of Treasury and mortgage-backed securities this month” of the Federal ...

The documentary, Inside Job, was released in 2010. It mainly focuses on the financial crisis that was witnessed between 2007 and 2009. Viewers opine that the financial crisis was an instigation of few individuals in the USA. The US government officials and top players in the financial services industry intentionally made decisions that would later lead the American economy into turmoil. From the documentary, it is evident that the financial service industry was led into a trap by its own leaders, who had full knowledge of what would happen. More so, the people responsible for these actions went unpunished because ...

The Hospitality industry in the U.K

The hospitality is a major employer and is a relevant field the world over. The U.K has made leap and bounds in the hospitality industry and this shows because it is a major contributor in the country’s economy. Like everywhere else in the world, the hospitality industry encompasses several fields within itself. Some of this field include; domestic and foreign tourism, food service and the hotels. The hospitality industry is dependent on several other factors, as a result this makes this industry fluctuate from time to time during an economic year. The hospitality industry can be divided into two parts namely; the ...

Its impact on the businesses of New Zealand in 2014

(Name of your Institution)

External organisational environment of New Zealand and its impact on the businesses of New Zealand in 2014

Introduction
Since the past few years, increasing emphasize have been cast “on the importance of analyzing the relationship between the organization and its environment (Pfeffer, 1972).” Several researches have been made in order to understand how the external organizational environment, general environment and task environment affect business in a country. “Also known as the operating environment, external organizational environment refers to market conditions, economic and political issues on the local and national levels, demographic factors, and other forces outside of a business that affect the overall success of that business (‘External Environment’, n.d.).” On the other ...

The New Deal was basically a series of programs that then then Democratic president of the United States, Franklin Roosevelt enacted between 1933 and 1936 to alleviate the financial and to a greater extent, the economic suffering that had struck the United States as well as other foreign countries. This phenomenon is known today as the Great Depression. The New Deal was the president’s response to the allegedly ineffective economic recovery approach that his predecessor, former president Herbert Hoover implemented.
The New Deal approach was meant to fix the economy from the ground up by making programs that would ...

Labor unions are considered to be very beneficial to employees because they advocate for their welfare over their working conditions collectively. The bargaining aims at moving economy in a better direction. Collective Bargaining is the process in which labor management representative bargain an acceptable labor agreement (Blair566). When employees bargain collectively, they get a chance to attach their benefits and wages to productivity gain of the overall economy of the state. A long standing labor organization is capable of improving the quality of future jobs. Collective bargaining results to better management and increased productivity (Blair567). Labor unions increase creation and retention ...

- At the equilibrium quantity how much annual revenue do the producers receive?
20 $ per crate of oranges
- If the government imposes a price floor of $30 per crate how much revenue will producers now receive?
(80 million crates x30 $) = 2,400 $ million
- Discuss whether producers are necessarily better off.
The producers are not better off because when the prices for the oranges is low, many customers demand for them and this would result to extreme losses. On the other hand, when the price for the oranges is high, few customers are capable ...

United States is ranked as the 12th freest economy in 2014 index, this is a point low than last year. The reduction in its score has been as a result of, deterioration in property rights, fiscal freedom, and business freedom. In addition to that U.S is ranked the second place out of three countries in the North America region, therefore, remaining very competitive and well above the world’s regional average (Barro 15).
In the year 2013, the gross domestic products of United States, increased from the previous year and was recorded as 2.6 percent. According to Barro 17 the ...

Management

FOR : ALL MANAGERS
RE : General Environmental Forces
This Memo serves as follow-up on your identified roles for your first international assignment after your recent training on Cultural Competency. As part of the company’s objective in building global knowledge, I have decided to focus on the five General Environment Areas including the company’s economy, technology, sociocultural issues, demographics, andpolitical or legal forces.
I want to know your opinion on with regard to improving the economy of our company, and at the same time, the technology that will help in achieving the objectives of ...

Introduction

Creating a moral, economic system should be the ultimate goal of every society. A moral economy is one that is founded on the principles of justice, fairness and goodness. A moral, economic system ensures equitable allocation of resources that are scarce in nature and configures markets to ensure that they run in a fair manner. The results are to realize a stable economy that is free from exploitation, political insecurity and wars. A moral, economic system fosters peace and satisfaction among the citizens of a nation (SEA, Browne, &Milgram, 2009). It also creates a level ground for fair competition among various economic drivers reducing ...

Economics

The European countries are facing lower growth rates, just as they faced in history. The austerity measures have brought pain to the euro zone, and these measures provided no relief. The euro zone countries are reducing their spending by the double digits. Such reduction is increasing unemployment in Europe. The eurozone countries are trying to find the possible ways that are suitable for countries that are stagnant economically for the prosperity of the countries. In order to achieve the better growth for the economies, the countries are adopting austerity. Austerity is the intentional deflation of the domestic prices and ...

It has been 6 years now, when the world’s largest and said to be the strongest financial economy, The United States, went into financial crisis and the tornado reached around the globe. However, with the continuous monetary and fiscal policies by the Federal Reserve, the economy of the nation, although has not fully recovered after the crisis, but is back on stable path. However, still there are mixed views about the current macro-economic situation of USA from different economists.
As per the recent data released by the US agencies, the country is still underperforming and the same ...

Brazil is the largest country both in the Latin and South America regions. It is also the fifth biggest country both by population and geographical area in the same region. In addition, it is the seventh largest economy in the world but, it is still classified as a developing nation. The country is one of the BRIC group. BRIC is an abbreviation for Brazil, Russia, India and China. These are emerging economies that have demonstrated superior economic development. They are also the fastest growing economies in the world.
Brazil’s national development bank is a major player in the country’ ...

Compare and Contrast Essay

Daqiang Zhang
ESL 1068 001
In recent years, the relationship between the Chinese economy and the U.S. economy has become closer. “The two countries have a common purpose of establishing a trend of secure, high-quality sustainable growth and increased employment opportunities for their citizens, this has led to the creation of initiatives such as China-US relations” (Wolf, 2001). The study finds Changes in the U.S. economy are self-evident and have had an impact on China's economy. The changes in China’s economic development also impact the U.S. economy and the economy is growing. However, even though these two countries ...

Section A: Plan of Investigation

Most of the people in the current generation believe that war and essentially investing in the military is good for the economy. This is quite contrary to public acknowledgement and comprehension of the costs involved in case a war takes place. World War II disrupted a lot of systems the world over; America not being an exemption. This paper seeks to elucidate on the extent of damage the American was subjected to as a result of the war. Focus will be given to the macroeconomic implications of U.S policies as a result of the conflict. To achieve a sound conclusion, the paper will lay ...

China is one of the strongest economic powers in the world. Its political leadership focuses on the fundamental alteration of the country’s growth strategies; this occurs through a rebalancing of economic growth sources (Lardy, 2007). Through strategies such as the expansion of domestic consumption, it notes significant economic growth. For instance, the country has managed to sustain its growing population economically. It occurs through rapid job creation, income distribution improvement, lowered rates of income inequality and a reduction of the outsized energy consumption. Aspects of China’s economy that depict its growth and challenges include; national output, employment rates, inflation, ...

Part 2:

A description of entrepreneurship in three selected countries, including an analysis comparing and contrasting their states of entrepreneurship
An increase in the importance of knowledge as a path way to achieving a competitive advantage in the modern economies is a clear indication that industries are always focused towards more innovations and unrestrained competition in order to achieve high growth rates. The entrepreneurial activity forms the most essential part of any country’s economy in the present global business environment. Global Entrepreneurship Monitor (GEP) conducts a research about the economies of 70 countries worldwide. Out of these countries, this research has selected three ...

In this paperwork, I am going to discuss about the growing proportion of older adults in the United States and how it may affect the nation economic, politically, and culturally.
It has come to both the government and the citizens’ attention, of the unparalleled pace that the United States is aging at, hence resulting to an increase in proportion of the elderly. The economic, social, medical, and personal situations are strongly affected by this continuous increase in the number of people over age 65 years. Critics have argued that this imminent occurrence of aging will place unexpected pressure ...

The wage bill is the amount of payment that an employer compensates an employee for performing a service. A minimum wage bill, on the other hand is the minimum payment that an employee receives for the service. Minimum wages are establishment by legislation by the central government. It, therefore, becomes illegal and an offence to compensate employees less than the minimum wage bill, as stipulated by the government legislation.
The main mandate of the minimum wage bill legislation by the government is to protect its citizens from exploitation by employers. This enables employees to be in a the position of ...

Introduction

The bituminous sand that is found in Alberta, Canada is a key resource to Canada. It has played a key role in the development of the country. The mining industry in Canada has played a key role in the economic development of Canada. It has been discovered that nearly approximately 10 percent of oil is considered to be economically recoverable with the use of technologies that are currently being developed. With this, Canada is ranked the third in oil energy reserves after Saudi Arabia, and Venezuela. It is estimated that oil sands will account for approximately 25% of oil liquid supply in ...

Following the American Psychological Association’s Guidelines

INTRODUCTION
The economy management of the country has two kinds of policies to intervene and regulate the markets in case of market failure: Fiscal policies and Monetary policies. Fiscal policies are the responsibility of the government, and the monetary policies are implemented by the Federal Reserve System (FED). The economic policies can be implemented in two ways: expansionary and contractionary economic policies. Expansionary policies stimulate the economy and expenditures of consumption and investment increases as the result of these policies. Contractionary policies slowdown the economy, and the expenditure level decreases. In this essay, the definitions of the fiscal ...

Abstract

The use and interpretation of economic policies are fundamental to the formulation of strategic plans and courses of action. Economists and policy makers play a vital role in executing this important analytic and interpretive task. Keynesian and monetary schools of thoughts are some of the important alternatives applied in making economic decisions.
Monetarists believe that government involvement in controlling the level of aggregate demand in the economy is counterproductive in the long run. In its stead, they propose that the best way the government can control unemployment and inflation levels is by the use of monetary policies. Monetary policies ...

I observed the garbage that was collected for one week in our house dustbin. It included the following: papers, plastic beverage bottles, body perfume cans, fruit peels, left-over foodstuff, and pizza wrapping paper
Paper goods accounted the greatest amount of waste that I recorded on that one week. This included the papers that were used as rough work, receipts got from the supermarket and the papers that were used as wrappers to items like bread. Plastic beverage bottles were also common in the dustbin which comprised of canned fruits or beverage bottles. The bottles were several because of ...

Gross Domestic Product:

Gross Domestic Product, usually abbreviated as ‘GDP’ is the total amount of goods and services produced in an economy during a given period of time. GDP is also one of the popular economic data source, used for the purpose of future forecasting of economic trends in a nation. Apart from future forecasting, GDP is also used to compare growth between two or more nations. For Instance, if during 2013, GDP of Canada is 5.6% and of United States is 6%, this indicates that the US economy has higher growth.

Real Gross Domestic Product:

Real GDP is a macro-economic measurement indicator, which accounts for total value of ...

After the Second World War of 1945, the world found itself embroiled into another conflict between the two remaining superpowers – the United States and the Soviet Union. Many anticipated the conflict between these two powers considering the influence they have in the international arena and the impact it would bring to the countries that will find themselves caught in the crossfire. Poland, for example, had found itself in the middle of the conflict due to the long-term interest of the Soviet Union to the country as part of their expansion to the Western European region. After 20 years since ...

A budget is an integral part of any economy. It outlines the financial plans of a country to facilitate economic growth. Most countries, including the United States of America prepare a budget comprising a one fiscal year financial plan. The US budget has indicated a deficit since 2008; this indicates that the government’s expenditures exceed the amount of revenue collected from the tax revenue. The federal government borrows funds to achieve its expenditure needs, and the interest rate increases annually. The borrowed funds are paid using the tax receipts from the taxpayers; the US government usually pays off the interest rates exclusively, ...

Consumption of foods with high calories leads to increase in weight. This means that consumption of calories is a function of the increase in weight. For each extra calorie consumed, there is an extra weight to be gained. It is important for people to know how to balance their calorie intake. It is important for people to have the proper body weight to ensure overall good health and improved quality of life. The calories taken in should be equal to the calories lost so as to ensure maintenance of body weight. If the calories consumed do not equal the calories ...

My paper will be about poverty related crimes. Poverty means insufficient availability of basic needs to the humans. And when basic necessities are not fulfilled one is dragged to crime.
I will try to answer that how poverty is related to crime? Poverty is faced by nations as a whole as well as an individual face it alone. Whatever the case may be, but the fact is poverty leads to many problems. Poverty hit nations lack basic infrastructure. Education, Economy, social aspects are too much affected in any nation that is facing poverty. On the other hand, when an ...

1) Discuss the three major economic systems of the world, giving examples with the countries where the system is being practiced.An economic system entails how a country’s economy is structured and organized. It touches on the processes involved in the production and distribution of goods and services, and resource allocation in the society. The economic system seeks to answer three core queries: what, how and for whom to produce? The economic system determines what goods and services should be produced in the country’s economy. It also determines which systems and productive resources are vital in the production of ...

The “natural rate of unemployment” has been defined by Milton Friedman (1968) as a level of equilibrium in the economy that is determined by structural and institutional characteristics of the economy. In other words, it is the lowest rate of unemployment that allows the market to sustain an equilibrium over a long period. Hence, if the level of unemployment in the economy is equal to its natural unemployment level, it means that the country has zero unemployment, and it is currently free of cyclical unemployment.
The two components of natural unemployment are frictional and structural. Structural unemployment relates to a longer-lasting ...

Milton Friedman was a renowned American economist, writer and statistician who was awarded the 1976 Nobel Prize in Economics sciences for his exemplary efforts in research on consumption analysis, complexity of stabilisation policy, and the economics of monetary history and theory. He was born in 1921 to Jewish immigrants. Friedman earned his B.A degree at the Rutgers University at the age of twenty; he later did his M.A in the University of Chicago and completed his Ph.D. from the Columbia University in the year 1946. Apart from being a lead researcher in the field of free market economics, Milton Friedman has ...

The development of Russia had many historical turning points. These changes were mainly connected with such political figures as Lenin, Stalin, Khrushchev, Brezhnev, Gorbachev, Yeltsin, and Putin. The Soviet economy depended on mostly political decisions but not economic programs. Although the basic economic system in Stalin, Khrushchev, Brezhnev eras remained unchanged, there were some peculiarities in these periods. The effect of Stalin’s policy had a profound impact on people and the state. In 1928, the Communists instituted the first Five-Year Plan. It dealt with such aspects of development as an industry, consumer goods, agriculture, transportation, communications, health, education, and ...

The 21st century has recorded radical social transformation; with various significant events that have often left lasting legacy. Smaller and fewer social changes during the modern century have triggered rebellions, spiritual crises, civil wars and violent intellectual. Social transformations in the modern century have continued with minimum social friction and less upheavals hence it has received minimum attention from scholars, public, press and politicians.
Political transformation is accessed based on the criteria of stateness, rule of law, political participation and the stability of democratic institutions. Economic transformation on the other hand takes into account market organization and competition, ...

Analysis of Markets for Business Expansion

Free and fare markets should be able to provide incentives for companies to venture into them. A market that is competitive has a large number of producers competing to fulfill customers’ demands. Competitive markets will form under different political, economical, social, and cultural environments hence these issues should be considered before entering the market. Consider the following markets for chicken flavored cassava chips.
The major challenge in UK economy is failure to recover after the financial depression in 2008/2009. About 16% of the populations live below the poverty line and is ranked on the lower half of the developed ...

The Gilded Age was the period between the 1870s and the 1890s in the history of the United States of America. The term was coined by the famous Mark Twain meaning that the country was glittering on the surface but suffering from corruption from the inside. In simple terms, this was a period in which the country was facing corruption and various social evils in the high levels of governance. “These social behaviors include vulgar behavior, scandalous-plagued politics, shady business practices, corporate buccaneers and unscrupulous speculators” (Oakes, James, McGerr, Lewis, Cullather, Boydston, Summers, and Townsend, 167). Though, it could be ...

Introduction

Industrial revolution occurred during 1780 and 1850. However, democracy refers to a ruling style in which the government, through the constitution, provides its citizens with equal right to participate in the process of law making in the parliament, either directly or through representation (indirect). This method entails social, cultural and economic conditions that enhance equal and free political practice through self-determination. This industrial revolution brought about radical changes in the economic development, as well as the entire world’s economy. In the United States of America, the emergence of a capitalistic economy became the key boost in industrialization process (Phillips, 2006).
...

Question 1

The federal reserve bank is a major institution in the American’s economy and society designed to offer financial stability by maintaining currency flexibility. The Fed as consistently played a significant role in the Untied States economy and monetary policy since its establishment. The Fed established in 1913, therefore, its the roles and regulations go back only to the early years of the 20th century. For instance, the Fed came into play when a harsh economic crisis started in 2008. During this period the GDP shrank, unemployment increased and millions of Americans were worried about their futures. It was the role of ...

In the article, ‘'The making and unmaking of the third world'', By Arturo Escobar, the aspects of modernity in relation to anthropology and development are well analyzed. The author states that the economic progress is associated with a lot of painful experiences. The issues relating to regional economic imbalances in the U.S are well elaborated by the author in this article. The dangers of food insecurity were given close analysis and consideration. The aspects of production are of the essence in the facilitating smooth flow of the economy of a nation. The use of modern technological and scientific knowledge plays a crucial ...

Slave trade lasted for centuries within Africa; nonetheless, expansive slave trade started around the 16th century. Primarily, the purpose of Trans- Atlantic trade was to supply cheap human labor to the plantation economy of the developing western hemispheres. The captives were seized in interior Africa, then they were transported on either on down rivers or on foot to the sea for transportation.
Slave trade began as there was a loss of Portuguese interests in the fabled mineral deposits and moved their interest to the slave trade, where slaves was more readily available commodity. Also, new world empires were expanding, ...

Introduction

There are many forces that cause the reduction of linguistic diversity in the world. In most countries, there are different people from different cultural backgrounds but as time goes by, we find that most of these communities seem to have forgotten their languages and have integrated with the other communities and formed different common language. Roughly, five to six thousand languages are spoken in the world today. However, a hundred years from now, those numbers will certainly fall to a thousand or even less. Communities that were once self-sufficient are now finding themselves under intense pressure to integrate with their more ...

Is Forgiving Student Debt a good Idea?

Tertiary education in America is expensive, and the economic situations are harsh such that students cannot access decent jobs to enable them, pay off their debts. President Obama is proposing a plan to forgive the student loan debt. The proposed plan Pay as you Earn will enable the borrowers of loan to make a contribution of 10 percent of their income, and after 20, years, one’s loan will be forgiven (cox 14). In doing so, it would ensure that billions of money in the form of student loan debt are forgiven regardless of what was borrowed. This program of debt ...

Lending Institutions, Health Care, & Human Capital

Lending Institutions, Health Care, & Human Capital

Introduction

Many developing countries are emerging through their governments’ efforts in sustaining their citizens’ wellbeing. Also, many of them are seeking the assistance of the international organizations so as to support their political, social, and economic development. Such action was one of the Philippines’, as an emerging country, way to provide those supports. The country used the assistance from the World Bank and International Monetary Fund to improve their nation’s stability. This writing entails what the World Bank and IMF did to assist the country in their economy, politics, and their society’s ...

Introduction

Ecuador is a democratic nation found in South America. It has neighbors such as Colombia to the north, Peru to the east and south and the Pacific Ocean to the west. The economy of this country is reliant mainly on the exports of bananas, oil, gold and shrimps. The main economic activities of the people of this nation are farming and mining. It is the largest exporter bananas in the world. Most of the shrimps are also exported to major world markets especially in Europe. The country practices presidential system of democracy where the president is the head of state ...

The American civil War was took place between the northern states of the United States against the southern states between 1861 and 1865. The southern states (seven in number) having differed with the northern states on the issue of slavery declared their secession opting out of the initial union. This sparked a four year battle; the southern states supporting slavery and the northern states being against it. This essay focuses on the effects of this war on the economy.
According to the US records, even though it was involved in two major wars between 1789 and 1860, the national ...

Marshall Plan

The Marshall Plan was a program of assistance to Europe after the Second World War. Nominated in 1947 by the American Secretary of State George C. Marshall and came into effect in April 1948. In the implementation of the plan involved 17 European countries, including West Germany. The Marshall Plan helped to establish the post-war peace in Western Europe. The aim was to restore the U.S. military destroyed the European economy, the elimination of trade barriers, the modernization of European industry and the development of Europe as a whole.
The Marshall Plan was launched on 4 April 1948, when the ...

The natural rate of unemployment refers to level of unemployment existing when the economy is at full employment i.e. the labour market is at equilibrium. Stated otherwise, natural rate of employment is the level of unemployment that exist in healthy economy. At natural rate, the aggregate supply of labour is equal to the aggregate demand for labour. Every worker willing to work at the existing real wage is employed and involuntary unemployment is non-existent. Nonetheless, voluntary unemployment prevails since some workers will remain unemployed as they search for jobs offering higher wages or better working conditions. Structural unemployment is ...

IS THE WORLD ECONOMY BECOMING MORE GLOBALIZED, MORE INTERNATIONALISED, MORE WESTERNISED OR MORE NEOLIBERAL? DISCUSS

Introduction
The world economy is a contemporary topic of study in the current century because of its uncountable benefits. People need to understand the economic situation of the world to foster local, regional, and international development. There are numerous benefits of understanding the economic trends in the world. Understanding the world’s economic trends enhances an individual’s purchasing powers, economization, and creating a platform of countering the effects of any economic problem such as recession and depression (Cannan, 1976: 34). From the past experiences, it is notable that the world economic recession affected many people and institutions. Although some ...

Reasons for regulations on the sectors of economies

Some sectors of the economy need regulations in performance to enhance the efficiency at different levels of production. In a situation of high productivity, economies require maximum use of the available resources with constraints of time and funds (Howard, 2001). Economies target to optimize production while minimizing spending.
The finance sector is sensitive in any economy. It requires regulations to be clearly stated in controlling the liquidity levels. This is aimed at having a direct control on interest rates. Other sectors are production and distribution. Their regulation is for enhancing production of high quality goods and services. To add onto ...

In deliberating about economic issues, economist agrees on particular goals, which include economic growth, decrease in the unemployment rate and low inflation. In order to attain these goals, the federal reserve can take action via fiscal or monetary policies. Fiscal policy concerns taxes and spending while monetary policy involves the supply of money and the level of interest rates. Therefore, when either of these policies is not implemented properly, it can result in an economic downturn as reflected on the last year of the Bush Administration.
The last year of the Bush Administration experienced an economic downturn because ...