Economy Course Works Samples For Students

Japan was left with 3 million dead people and an empty treasury when the world II was over. The nation stood up and became a major player in the world economy within two to three decades. There are various factors that contributed in the flourishing of the Japanese economy. This paper intends to discuss Japanese economy with a historical perspective and other related aspects.

Japan learnt a lot from its past experiences. Japan was almost devastated in the World War II. The country was determined to regain its prosperity and the power. Japan focused on the industrialization in the post world ...

Labor cost

Effect of the World Economy as China commodity increases
Chinese has employed wide use of the mass production as a manufacturing strategy. This has lowered the price of commodities compared to other markets in the world. The Chinese product has been more competitive in the entire market and contributing largely to the economy of the country.
The exported products to the international market from china have a competitive advantage due to the low cost. In comparison to other markets the Chinese products such as DVD player and sweater among others, are cheap and hence attracting consumers. United States has ...

Peggy Little

PHI 445
Ashford University
The two competing economic systems are capitalism and socialism. In Adam Smith’s Capitalism, there are three vital concepts; the economy is driven by selfish desire for luxury goods, economic balance is achieved through a self-regulating invisible hand, and the government’s role in a nation’s economic system should be limited . In Karl Marx’s socialism, there are three main features; in a capitalist system, workers are alienated from their labor, in capitalism, there is a class struggle between the working class and the business owners, and workers must improve their situation by revolting against capitalist ...

The game simulation requires the specific knowledge of macroeconomic concepts. It shows how the decisions made by Chairman of Federal Reserve System affect the general well-being of the economy. The game clearly displays the process of monetary policy and how inflation and unemployment are interconnected between each other, i.e. policies that aim at curbing unemployment may result in high inflation. Given that there is always a trade-off between inflation and unemployment. The task of Chairman is to keep both inflation and unemployment at normal rate, which is complicated by the fact that all economic conditions and events occur at the ...

The contents of this paper provide a guidance of carrying out a successful tutorial discussion. The tutorial is based on four different leadings. The objective of the tutorial discussion is to explore and expand on the knowledge captured by students during the conventional classes. Moreover, the discussion will provided an opportunity for critical thinking as well as communication skills practice amongst the students. The different leadings identified by the instructor provide the basis of the tutorial discussion.

The key aspects to observe during the tutorial discussion include but not limited to the questions asked, key words in the subject matter, ...

Globalization is a term used to explain the enhanced connectivity between nations, institutions, corporations, culture and people. It assumes a borderless world whereby ideas, finances, goods and services move freely across perceived boundaries that include borders, languages, governments and time. Some circles suggest we are in a second wave of globalization following the industrial revolution that emanated from England in the 18th century (Lewellen, 2002). The current wave of globalization has been prompted by the growth in communications, particularly in relation to advancements in, and widespread use of networked technologies.

Modernization can be interpreted as a western conception of industrialization. In a traditional ...

Impact of recent changes in India, Japan, and other Asian countries on your own life

India, Japan, China and other Asian countries have emerged to be economic power houses over the past few decades. Economists attribute this paradigm shift to accelerated integration to the international economy that happened in 1979- 2002. Foreign direct investment (FDI) increased during this period to over US$50 billion in china alone.

India’s independence led to a steady growth in economy and per capita income due to a modern economy. However, this growth was not optimal due to adoption of “License Raj”. This meant that you needed the license in order to do virtually anything. For instance you could ...

Ewert (1989), argues that, within their thoughts, the morality and justness of an economic structure are significant than its efficiency (p. 103). This appears to be logical, considering how inefficient and bloated the national budget, the economy, as well as the stock market are in the current era. The stock market currently is indicating a high record, on the contrary the economy continues with a turndown trend. The stock market, in addition, is extremely connected to the world market, making it inefficient and more precarious.

Ewert (1989) is to the opinion that market ought not to be judged via moral ...

Introduction

The graph above shows the astounding growth of the Chinese and Russian economies in the last 30 years. The graph shows the Gross Domestic Product (GDP) of both countries from 1990 to 2012 and it clearly shows that the Chinese economy has over paced Russia. In fact, the online web resource “The Guardian” reported that China‘s GDP slowed down at a rate of 7.6 percent in 2012 . This “slowdown” is ...

Current macroeconomic situation in the U.S

Macroeconomic factors define those economic factors that affect the economy at a larger scale. As per previous research analysis it’s been established that the U.S economy faces an economic downturn every four to six years (US Economic Outlook). As per the article ‘US Economic Outlook for 2014’, the current bull market is presently driving in its fourth year. Despite the fact that the markets are flourishing in this economic year, an average American is not. The major economic cavity of unemployment that poses a huge dilemma to every American still remains persistently high along with the household debt. Moreover the ...

1. Critically evaluate the following suggestion: “If the price elasticity of demand for food is low, therefore if you own a restaurant, you can charge higher price to increase revenue”.

Consumers’ sensitivity to price is known as the price elasticity of demand. Simply put, it measures the degree of responsiveness of consumers to a given change in price. A good with an elastic demand will have a value greater than 1 and will experience that people are very sensitive to a given change in price. Products with an inelastic demand will find that even if price increases by a small amount, the quantity ...

GDP is the monetary value of all goods and services produced in a given nation within a specified period. GDP is calculated after every year and it includes all investments, public and private consumptions, government outlays and exports fewer imports. GDP is a measure of nation’s economic health. Nevertheless, Gross Domestic Product is a measure of the nation’s standards of living. Countries are compared on with respect to their Gross Domestic Product since it shows the monetary value of the country’s economy. Ideally, the greater the GDP, the bigger the economy of the country. It is measured using two different ...

The Middle East is the “epicenter” of the oil industry globally. Oil has a central significance in the economy and political status of both the exporters and the importers, local and foreign issues, in the political economy. This most lucrative natural resource which is highly valued has greatly shaped the countries of Middle East. It has impacted the region both positively and negatively.

The region has an enormous influence in the globe due to its oil possession. For instance, the region can impose restrictions on the quantities of oil exported to a foreign state. When the US and other countries ...

Objective 1:

i) Aggregate demand shows demand for real GDP by all the people in an economy, which they are willing and able to buy at different possible prices at a given point of time, holding other factors constant. The aggregate demand curve is downward sloping and shows an inverse relationship between price level and real GDP.
Following is the explanation for downward sloping demand curve, which is very much different from income and substitution effects of demand of a single product:

1) Interest Rate Effects:
When price levels increases in the economy, businesses and industries, have to borrow additional funds to ...

Introduction

This is a strategy adopted by the government through the Central Bank to control macroeconomic shocks due to fluctuation in wages and prices of goods and services. Stabilization may include monitoring the business cycle and interest rate regulation by the central banks. Moderation of these factors leads to changes in unemployment rate, recovery of an economy from economic shock control borrowing and money supply. In general terms stabilization are used to regulate the fluctuation of business cycle. There are two main elements of stabilization policies, that is, monetary and fiscal policies.

Elements of Stabilization Policies

Monetary policy
This is the process through which ...

Introduction

The AS-AD framework is a very useful economy tool, which reduces the economy into a simple model of supply and demand. The aggregate demand curve (AD) is given by the summation of consumption (C), investments (I), government purchases (G) and net exports (X-M). On the other hand, the supply curve is a function of the expected price levels. This paper uses the AS-AD model to analyse the economy at various levels of employment, and the adjustments that accompany movement various policy actions. It begins with a depiction of an economy operating at less than full employment, showing that economies often tend towards the ...

Austerity Measure

The growth path of an economy does not follow a smooth trajectory. It is composed of a number of short-term and long-term fluctuations. The magnitude and duration of such fluctuations are varied. The government uses its two important tools, the fiscal policy and the monetary policy to smoothen out this jagged path to some extent. During periods of boom, that is, when the economy experiences high rate of growth with low unemployment rate and high income, the government follows a contractionary fiscal and monetary policy. In times of slump when the economy is under a phase of deceleration in growth with low output ...

International Marketing

ABSTRACT

Business expansion in an international scale is an important aspect of growth. Relatively, within five nations, China is seen to have the most convenient course of development due to the fact that it is involved in the most effective force international advancement. In the discussion that follows, China’s power in embracing advancement as the most viable source of national competence shall be given attention to especially in relation to the desired expansion of a particular business organization.

India, China, South Korea, Denmark and Switzerland are among the primary countries of which the company hopes to expand in. The ...

Will Restricting Emissions Damage the Economy?

Will Restricting Emissions Damage the Economy?
Restricting emissions will not damage the economy. I most agree with Aaron Ezroj that emissions will have no damaging effects to the economy. Paul Cicio and Aaron Ezroj have differing opinions concerning the effects of emissions on the economy. Whereas Cicio suggests that emissions will have damaging effects on the economy, Ezroj disagrees by suggesting that the emissions will not damage the economy. Cicio argues that the capping of the greenhouse gas emissions from the industrial sector will have negative effects on jobs and investments, and increase the imports. He argues that ...

Business proposal in an emerging economy

I propose that Hilton Worldwide expand its hospitality business to the Latvian republic. Latvia is a democratic parliamentary republic in the Baltic region of Northern Europe, endowed with a maritime border with Sweden in the west. The country is having mind-blowing nature, large forests, rich and fertile environment, sandy beaches, scrumptious Latvian cuisines and its unique culture. There are a lot of specialist museums and monuments in the country. A lot of cultural activities are conducted regularly in the place. The Latvian Health Tourism Cluster has decided to promote health tourism in association with the resorts in the country. All these attract ...

Atmospheric carbon emissions in the United States have elicited a myriad debate on the effective policies, which should be enacted to save the economic global change. Proposed policies are essential curbing the menace. Primarily Energy efficiency policy is vital. The mentioned policy encompasses providing consumers with tools to effectively monitor and adjust their energy use. Notably, cap and trade system policy is also vital. The mentioned system employs financial inducement in encouraging reduction of carbon dioxide by companies. Here, a regulatory body set maximum annual limits of carbon emissions (Turk & Bensel, 2014). Also, a carbon tax policy connotes to a tax on ...

South Africa

South Africa is one of the esteemed and has been projected for growth in the African continent. The Republic of South Africa is geographically located at the southern part of the vast Africa content neighbored by Swaziland and Mozambique to the east and Zimbabwe Namibia and Botswana to the north. Its coastline extends along the Indian oceans and the south Atlantic. On estimation, it measures approximately 2798 kilometers. The country measures an area of about 1,221,037 square kilometers (Feinstein, 2005). According to the national statistics, the country had a population of 52,981,991 citizens and ranked as ...

Question

Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year. Suggest how fiscal and monetary policy can move those numbers to an acceptable level keeping inflation the same. What is the first action you would take as the president? As the chairman of the Fed? Why? What would be your subsequent steps?

Answer

Analyzing the given data indicates us that this economy is suffering from the deflation. In another word, we see high unemployment, very low inflation and very ...

The history of American economy has been a long battle since the time of the Gilded Age through the Progressive era and into the Great Crash or Depression of October 1929. During these years, from 1877 to 1929, class conflict was largely observed. The Gilded Age and the Great Crash were the notorious periods in which poverty and economic inequality skyrocketed reaching all-time highs in the American economy. The Gilded Age came at a time when there was widespread greed, corruption in the political systems, and speculative elements of the market. Of great interest is the absence of government restriction in ...

DQ 1. The Circular Flow in Economics

It is defined as the flow of payment in the economy in a circular motion where the end point goes back to the starting point in an infinite cycle. It can be demonstrated in several ways even with nature. Water cycle for instance works the same way. The water on land evaporates and brought up to the atmosphere forming clouds. As soon as the cloud gets heavy, the water vapor condenses and falls back to land in a form of either water or snow and the same cycle repeats throughout. In economics, the same cycle is composed of three market inputs ...

While measured in terms of current dollar purchasing power, Japan is the second largest economy in the world, as of the year 2012. However, a recent survey by the World Bank, as of May 2014, India surpasses Japan as the third largest economy, right after U.S and China. Thus, on a PPP (purchasing power parity) basis, India holds a 6.4 percent of the global GDP. Trailing behind is Japan, which holds a 4.8 percent of the global wealth. This is a stark contrast to the World Bank’s report in 2011, which held India in the 10th place .

The above figure shows the ranking ...

America is a magnificent and influential country. However, has it always been that way? Of course not. When one of most influential politicians of the United States, Abraham Lincoln, died, the country began to literally fall apart, and the entire world thought that the whole experiment called “democracy” failed. Just the few people believed that it was the beginning of something bigger. America was about to meet its most outstanding personalities, who turned the country, and made it better. Certainly, everyone came across such names as Rockefeller, Carnegie, and Ford. The Industrialization era is the time of the most ...

It has been 5 years now, but the world economy is still hovering over with ill effects of global economic recession. Different economist define recession in a different way but one common definition which can be derived is that recession is long lasting and prime reason for slowdown to economic activity(GDP). GDP is considered to be the broadest indicator to measure economic activity. Our following section will discuss how the economic activities in US has actually decreased since the beginning of market turmoil.

Fall in Consumer Consumption Expenditure:

Consumption Expenditure is the most integral component of GDP calculation and consumer consumption accounts for 70% ...

According to International Monetary Fund (IMF), China recorded $6,747 nominal GDP per capita and $9,844 GDP per capita (PPP) in the year 2013. China's population approximation is at 1,392,472,656 people; its fertility rate is 1.58 births per woman, and life expectancy is approximately 73.49 years. Population growth rate of republic of china is at 0.46% per annum. China engages in international trade with countries all over the world, therefore, it experiences open economy (Cypher, 2014, p.237).

China has overtaken Latin America countries in competitiveness in international markets. Its well structured economy and strategic ...

I agree that sustainable economic development and social stability in China will be a mirage even when institutional reforms in leadership succession, anti-corruption, environmental protection and the legal system have been reformed. All these are good practises that cement the gains of economic growth, but they cannot independently spark economic growth. It is clear that the corruption discredits the legitimacy of the regime, and in turn scenes of demonstrations could be precipitated. It goes without saying that civilian unrest discredits investments and political growth, as that witnessed in the 1990s by students in china (Yang, 220).

This is to say ...

The United Sates economy is the strongest economy in the world. The economy remains vibrant despite having experienced eight recessions since 1929. The goal of all the economic policy makers is to maintain a healthy economic growth rate. In the last quarter of 2013, the economy had grown at a rate of 2.6 %. The same growth was not reflected in the first quarter of 2014, with a Gross Domestic product, decreasing with one percent. A healthy growth rate grows fast enough to create jobs for the unemployed and avoid inflation (Matoloni, Shoemaker, & Aversa, 2014).

The Gross Domestic Product of the United ...

1. a) The Second Industrial Revolution, which was also referred to as the Technological Revolution, occurred during the later decades in the 19th Century. This was the time where mass production and electrification was booming. During this time, the production line was also created, making factory work faster and more effective (Stearns,).

It was during this time that the countries involved in the revolution saw much economic growth, over a short period of time. The living standards of each country greatly improved, especially after the Civil War in the United States. Due to the increase in productivity, the price of certain ...

Abstract

The shift towards globalization was induced by social, economic, political and technological realities of a changing world. As such, this paper discusses the main drivers of globalization and what specific factors determined the shift towards a global economy. The paper investigates how the economy became global and what are the implications of a global economy for domestic industries, for consumers and for companies activating in various countries and competing with very diverse rivals. The paper shows that while globalization has its challenges and also its negative effects of maintaining less developed countries or third world countries in poverty, there are also advantages ...

- Impact of the Great Depression on the way government set policy

Following the collapse of the stock market in October 1929, the government was forced to embark on various policies in a bid to rescue the collapsing enterprises and to prevent a further economic slump. For instance, the New Deal policies were instituted by President Roosevelt’s administration in order to deal directly with and rescue banks financial institutions which had been affected by the financial crisis leading to the great depression from collapsing (Rothbard, 2008). Further policies included the flexing of the trade barriers and the suspension what was regarded as the ‘gold standard’ which ensured that financial supply would ...

Abstract

Economics is a subject that has its recognition in almost every walk of life. Inevitably, there is no single definition of the term “Economics” exist in the world, because every author has had defined the concept in somewhat different manner. Adam Smith is known as the Father of Economics (FOE) and according to his concept, “Economics is the study of wealth that deals with the buying and selling of products in total”

There are basically two types of economics predominantly comprised on microeconomics and macroeconomics and both of these provisions are important. According to the specifications, microeconomics ...

Youths are moved by the products that are somewhat related to their age related conditions. Age is evidently defined by the social and the cultural factors in an individual’s environment. But the two aspects have a unique meaning and a value in respect to each individual. Taking a deeper insight on the social bit, the seemingly growing middle-class age group comprised of an active and the largest population in the two counties in study (China and India). With the help of the widespread penetration of internet which includes the social media, age group seems to be drawn to food and beverage ...

Introduction

2008 Nobel Prize winner, Paul Krugman, published a new book “End this depression now” in which he viewed prompt evolution of the economy to be obtained through government spending. As a result, the economy of any given country should not worry about the deficit it is causing to the country as long as the economy is increasing. It is worth noting that planning is an essential part of any successful undertaking. Therefore, the spending of the government should be a planned one.

However, according to Paul, one ought not to worry about the spending. Therefore, the government should spend so as ...

The comparative advantage is a theory that explains how the world economy is affected by availability of productive resources within a country. It is simply the situation where a country cannot provide everything for itself hence import them from the other countries that have the required resources in large amount. Therefore, it gave rise to the opportunity cost, which is among the fundamental aspects of production. This means that when the opportunity cost is low the country is said to have a comparative advantages in the production sector.

There is an assumption that the comparative advantage of a country takes place in a one-factor economy. ...

Question 1

Significance of the global association revolution

The global association resolution was quite significant. Prior to the revolution, nonprofit making organizations were not so common ad the few that existed had to fight for their survival. Institutions that operated were closely linked to either the government or the market. There was need to developed institutions that will operate outside the confines of the market and the state.
Independent organizations that developed questioned the wide spread crisis of the state which had been going on in various countries for quite a long period. Environmental degradation, socialism, human health and safety were ...

Since the time of the early civilizations, money became an integral part of society as people use it to attain basic needs and specialized services, including luxury. As the years progressed, the image of money had changed from circular stones to paper money and metal coins and its value varies from its country of origin (currencies) and the resource or service required. In recent years, money has taken another makeover as payable services and goods are now available online for people on the go, creating “electronic money”. With the introduction of electronic money, there are a few sectors now ...

Question 1

The American economy is just making a comeback from the 2008 economic recession. The recession took the economy to its lowest point in 25 years. The recession arose from the housing bubble, which led to the eventual disintegration of the financial markets. The housing market caused the disintegration of the markets due to irresponsible activities by investors and financial institutions. The housing market is quite different from the stocks market hence; the circumstances that led to the recession involved a series of unique events. The housing industry involves risks that is quite complex to understand because people view houses as assets ...

1. Nigeria to Chicago

Discuss the distinct advantages and disadvantages for Israel and Ngozi in comparison to Barine even though all three were immigrating from the same political context in Nigeria. How did their gender, class and race impact their experiences in the U.S.?

Israel Nwidor, wife Ngozi and Barine were among individuals who were living in Nigeria and were to be sent away from the country. Their destination was the United States. However, the three parties were facing different merits as demerits. Nwidor and Ngozi were disadvantages in that they were to be sent away from Nigeria with no wealth or money ...

Introduction

Afrocentrism requires that we examine aspects of African culture from an African perspective. Professor Molefi Keta Asante argues that the purpose of Afrocentrism is to “encourage black nationalism and ethnic pride as a psychological weapon against destructive and depilating effects of universal racism”. By extension, Afro centrism offers an alternative view of the world that analyzes the popular western view proposed by European scholars. Although the premise of Afrocentric ideas is the argument the genesis of civilization from Egypt was a black civilization, it also proposes for the reexamination of some of the traditions and way of life of traditional ...

Introduction

The postclassical countries are the countries that have undergone the classical stage whereby they have developed in economical perspective. The postclassical countries, these countries include India, Greece/Rome and china. They are the countries s after the classical for example the countries that come after the classical were characterized by the technological advancement. Byzantium and Abbasid were among the postclassical countries, which are characterized by the modernization in the economical perspective, the use of machinery in production and a rather more advanced technology.

Greece followed Rome and Rome itself followed the Byzantium that latter changed and founded the Russia. China being ...

8)Using Marxist categories, fully explain the problem of the transformation of values into prices of production, mention the role of capitalist competition and the organic composition of capital in explaining the deviation of values from prices of production.

Marxist theory of transformation of values into prices of production is generally the view that labor is the inherent amount of value. Marx explains that a determination of prices by quantitative methods compatibly fits with the theory of labor considered as imminent amount or measure of value. This is a factual view that it is about the nature of exchange value and ...

- The Circular Flow Diagram

The circular flow diagram captures the relationship of money and resources between households and firms in the economy. The inner loop represents the flows of inputs for production and goods and services: households sell their labor to firms, and the firms sell the goods and services they produce to households. The outer loop in the diagram represents the corresponding flows of money: households pay the firms for the goods and services, and the firms pay wages and profit to the households.

Households increase savings. The presence of increase in household saving implies that there ...

Thesis statement

Capitalism is an economic system based on the private ownership of the means of production, with the goal of making a profit.1 This is a quote and will be used in the introduction. Source : Capitalism Oxford Dictionaries. Retrieved 4 January 2013.

- John Maynard Keynes believes that capitalism is essential for freedom to survive and thrive. This is a paraphrase and will be used in I.2 Source: Capitalism. Wikipedia (Accessed May 13, 2013).
- Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.3This is a quote and will be ...

Introduction

The purpose of this report is to provide information on the effect of unemployment rates on consumer spending and relate it to the viability of retail operations. The establishment that operates a retail store already has an idea regarding the impact of unemployment rates on consumer spending, that is, when unemployment rates are high the consumer spending is affected negatively. This is an intuitive assumption since people who do not have jobs or are underemployed will have less money to spend for goods that are not necessities; thus to remain competitive and efficient, retail operations would try to contain their ...

In this section, I will provide a comparison of the inflation rate and economic growth of Belgium and the Eurozone. The inflation rate is defined as the percentage change in the price index from the preceding period. It captures the rate of change of prices calculated on a monthly or annual basis. The data on the inflation rate for Belgium and the Eurozone are presented below which I obtained from the news release of Eurostat (2013).

Meanwhile, economic growth is defined as the increase in the capacity of the economy to produce goods and services, compared from one period to another. ...

The U.S tax system can be classified as progressive where tax rates increase with increases with taxable base or the gross income (Amico 2003, pp 14). The Internal Revenue Service (IRS) under the Federal Government defines gross income as any income from whatever source except for the items excluded by the state. Sources of income in this case include compensations such as service, income from insurance (except death benefits), interests, pensions, and annuities, gross profits from businesses, income from corporations, partnerships, trusts and estates, amongst others (Lymer 2004, pp 144). The state excludes death benefits accruing from life insurances, ...

Growth in output per capita and in population growth

According to the report published by the World Bank in 2012, the Gross Domestic Product (GDP) per capita growth in Saudi Arabia was estimated to 4.36 percent. However, in the third quarter of 2012, the GDP in this country expanded to 5.87 percent. This growth rate is according to the report released by the Saudi Arabia Monetary Agency. The growth is associated by the country’s 20 percent possession of world’s proven reserves of petroleum. On the other hand, the average yearly percentage change in the Saudi Arabia population as a result of surplus/deficit in the economy is estimated ...

Executive Summary

This paper provides background information on Indonesia, which is a prospective location for the expansion of Foxconn's operations, particularly for the establishment of its manufacturing facility.

Economic climate

- Indonesia incurred an economic growth of 6.1% and 6.4% in 2010 and 2011, respectively (CIA, n.d.).
- The new government administration has introduced various financial reforms that further aid economic development.
- It has managed to achieve growth even during the global economic crisis.
- It is able to maintain low levels of debt.
- Its credit rating has been upgraded to the investment grade in ...

Introduction

Opportunity cost can be defined as the cost related to any activity calculated in respect of the worth of the subsequent alternative given up. The opportunity cost, associated with the second top choice, is a sacrifice that a group or someone makes, who has selected one of the choices among many. Opportunity cost, a "cost" of the scarified goods or commodity after a choice is made. Opportunity cost in economics is an important concept, and has also been explained as "the fundamental relationship between choice and scarcity ". The idea of the opportunity cost in business plays a vital role in order ...

The economic growth of France remains to be influential in the entire European economy as it is currently the second largest country in Europe in terms of economic development and fifth in the world. The country being a member of European Union, it has also been affected tremendously by the most recent Eurozone recession. However, the country remains the world’s greatest economy in terms of the Gross Domestic Productivity (GDP), with Paris maintaining the highest economic income obtained from tourism activities whereby the city receives the highest number of tourists from all over the world. The country also provides ...

- When a country such as the United States is experiencing serve and prolonged recessionary trend discount rate, term auction, and open market facility can provide useful means of ensuring that the economy returns in the right course. Discount rate is the interest rate that the central bank charges commercial banks and other depository institutions when they receive money from the Federal Reserve Bank's lending facility. During periods of prolonged recessionary trend, the Federal Reserve System should reduce the discount rate in order to encourage commercial banks and other financial institutions to lower the interest rate they charge to ...

Unemployment rates have been on the rise in the past years and many actions are underway to help rectify the situation. The government is doing everything in its power to make sure that those who do not have jobs at least get the chance to explore other interests. Among the ideas put forth to solve the unemployment problem is providing a guaranteed income for the unemployed. This may seem like the best solution for many, but it may have adverse effects o the unemployment problem that the government is trying hard to solve (Long-term unemployment causes, consequences, and solutions : ...

Economists have proved that capital and labor are not sufficient of themselves to stimulate growth in an economy. In fact, many experts now believe that the vital determining factor in economic growth is knowledge. It is generally presumed that larger firms have an advantage when it comes to producing and capitalizing upon knowledge. Large businesses are in a better position than most businesses in terms for paying for R&D, human capital and patenting inventions. However, although the factors of capital and unskilled labor are sources of competitive advantage in an economy characterized by large scale production, an entrepreneurial economy ...

Identify economic factors that affect the real GDP, the unemployment rate, the inflation rate, and a key interest rate. How do you predict the economy will perform in the next two years given the current state of two of the economic factors you identified? How might your organization be affected by these changes?

World’s economy today has become very volatile with the passage of time. It therefore is a function of a number of monetary and non monetary factors, which have a direct or indirect impact. Factors affecting the real GDP, inflation rate, unemployment rate and the key interest rate include demand and supply, human capital, confidence of the consumer, foreign exchange rate etc. All these factors are interrelated to one other and collectively affect the economy. For instance in a prosperous economy, unemployment rate is very low which increases the demand for goods due to higher purchasing power and boosted confidence of the consumer. ...

- Introduction

IBM is a world leader company in information technology and stands as the largest revenue generating Company in its field. In the past 50 years, IBM has earned a place for itself as the pioneer in information technology developments and innovation. The Company manufactures products ranging from hardware to software for its impressive clientele around the world. These products are designed for another range of storage products, line of business servers, customized microchips including the application software. In addition to manufacturing, IBM also serves as a consulting and outsourcing agent. The new information age is quite challenging to compete ...

In small economies such as Ireland, the traded sector is normally the leading sector for any economic development. In any bid to resurrect the economy from the depression which we have recently experienced, all reforms are aimed to surge the private sector so that the population can be able sustain itself.

The government of Ireland in their efforts to resurrect the economy has been working with the IMF and the EU in making the progress on the European policy reforms including the banking union which is very critical to the European and global confidence. The government negotiated with the ...