Economic Status Essays (Examples)

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Economic Status
PAGES 4 WORDS 1228

Economic eport Card
The nature of the economic world is in constant flux and changes, requiring the student of the subject to be aware of the many patterns and tendencies that are contained within any economic or market system. The purpose of this essay is to examine and compare the current economic situation of today to that of five years ago. This essay will explore the monetary and fiscal policies of the United States since 2009. This essay will explain how different indicators within the economy have the potential to paint different stories and ideas about the true health of the economy. This essay will argue that each component discussed must be held within the context of the larger economic picture in order for it to be totally understood and then implemented into a policy that may help correct or take advantage of that trend.

The Last 5 Years

It is widely accepted….

U.S. MACOECONOMIC TENDS AND POLICIES
Macroeconomic Status

The major recession that began in the United States in 2007 has drastically changed the landscape of the American economy, both in present times and for the future. Several major indices can be analyzed to determine the nature of this change, and there are many policy avenues in place through which the government can act to control its future course. By examining the current macroeconomic trends in the U.S., we can determine the likely economic scenario that we face in the future, and by understanding the fiscal and monetary policy tools at the government's disposal, we can determine the best method for manipulating those trends for a better outcome.

One macroeconomic trend that has been particularly troubling for economists and politicians during this recession is the civil unemployment rate. According to the Federal eserve Bank of St. Louis Economic Data (FED) site, the unemployment rate in….

Respiratory Issues Complicated by Economic Disadvantage Socio-economic status, commonly referred to as SES can be describes as the economic or social standing of an individual, and is a measure of the person’s economic or social position in a social group. SES is a composition of different measures such as education, earnings, location of housing or job. According to studies, a lower socio-economic status can be related to unequal access to healthcare in several illnesses. There exists emerging data and information on respiratory diseases such as asthma, COPD, pulmonary hypertension, cystic fibrosis and other pulmonary ailments which suggest a similar observation also noticed in other chronic ailments (Sahni, Talwar, Khanijo & Talwar, 2017).
Asthma is a chronic inflammatory illness that presents permanent condition with varying severity levels all through the life of the affected persons. It affects individuals of all ages and presents its highest frequency in childhood. Latest data gathered from the….

Economic Sociology
PAGES 9 WORDS 3188

Shame in My Game: The Economic Sociology of Poverty
Poverty in America is such a politicized topic that it can be difficult for even the most neutral people to discuss. Part of the reason that poverty is so political is that most Americans have a romanticized notion of the free-market system and believe that the American dream is easily achieved if one applies sufficient hard work. However, the reality is that while America may be a free-market economy, it is also an economy where the wealthy have much greater access to politicians than the average individual, and where much of the socio-economic political structure has been developed to preserve wealth for the upper-class. Another reason that poverty is such a political issue is because poverty is so linked to race in America. Many people reject the notion that the fact that so many minorities are trapped in lives of poverty….

Energy costs increased substantially and the yen's exchange rate was shifted to a floating rate. The eventual recession reduced expectations of future growth and reduced private investment. Economic growth went down from 10% to 3.6% during the period 1974-79 and to 4.4% in the decade of the 80s. ut despite the oil crisis and its consequences, Japan's major export industries stayed competitive through its cost-cutting policy and increasing efficiency. It reduced industrial energy demands and allowed the automobile industry, along with other industries, to improve. y the late 70s, the computer, semiconductor and other technology and information-intensive industries entered a period of rapid growth. During this high-growth era, exports continued to support Japan's robust economic growth in the 70s and in the 80s. However, the problems encountered on account of its growing balance of payments surplus urged for the opening of domestic markets and a stronger focus on domestic….

That is, international financial organizations, such as the World Bank and the International Monetary Fund and which controlled by core states, decide that, in order to grant financial aid to undeveloped countries, these states should comply with some rules that are, in the end, in the detriment of their own economy. For example, Africa pays more to the IMF and World Bank, than it collects in credit from them, and this leads to low living standards, poor education and health systems and undeveloped infrastructure.
Besides financial institutions, transnational corporations have a saying in the economic development of a country. Although one might be tempted to say that a corporation, by creating a branch in an undeveloped country gives that economy a boom, it is actually all about personal gain.

Working in a corporation might be considered the best thing that could happen to a person, on a professional scale. You have….

Economics Discussions
Production Costs

Postal Service (USPS) operates at a loss but its closest competitors -- UPS and FedEx -- both operate at a profit. Suggest how fixed costs have contributed to the situation of the USPS. Provide support for your response.

I would suspect that the fixed costs of contributing to employee's retirement funds (Risk Analysis Research Center, 2009, p. 4) and also their restriction from closing local offices (Slentz and McCann, 2009, p. 12) contributes to higher fixed cost at USPS than FedEx because FedEx is not unionized and while UPS is unionized, and thus experiences a fixed cost that is incurred to the level of union contracts, those contracts are more negotiable for UPS than USPS, and nonexistent or fluid for FedEx. Furthermore while union contracts probably affect the rate of closure for physical facilities for UPS, this would probably be more negotiable than for USPS and FedEx especially if….

S. The societal system practiced in France serves as a model towards which the U.S. aspire.
President Barack Obama's healthcare reform plan is considered by many as being a socialist experiment that will significantly hurt the economy (CBS, 2009). In opposition, the President has stated that he does not intend to implement a healthcare system that depends on the government. Instead, he would prefer a system in which the government competes with private insurance companies for selling coverage.

The Invisible Hand Principle

The invisible hand principle was developed as an opposition to the protectionist system. This principle is actually a metaphor describing the self-regulating characteristic of the market. In other words, such a system can be implemented due to a combination of factors, like self-interest, competition, supply and demand. Adam Smith, who developed this theory, considered that the action of these forces and their effects are able to allocate resources within the society.

However,….

(Buchanan, 72)
The economic policy tools that were employed just after the war subsequently underwent some changes. From 1947 to 1950 direct controls on wages and distribution were eliminated followed by removal of trade controls in 1958. However, the government continued to maintain its hold over prices and credit distribution which made it different from many of its neighboring states in the postwar period. The French Ministry of Finance exerted greater control over the economy than the Bank of France. This led to a greater predilection to resort to devaluation when external equilibrium resulted due to the state failure to control incomes. In France, the period between 1945 and 1975 was known as the "thirty glorious years" because of the phenomenal economic performance. During this period, the average growth rate of GDP was around 6.8% which was quite remarkable considering that Britain's average GDP growth rate was 2.4% and Germany's….

These decisions necessarily entail that some potentially productive opportunities are sacrificed in order to make what is estimated as the most productive choice.
Supply and demand refer to specific products and services, the ability to provide these, and the level at which they are desired by the target market. uyers desire a product or services, and therefore demand a certain quantity of these at a certain price. The relationship between the price and quantity of desirability is the demand relationship. Supply is the actual quantity of the product or service that the market can provide. The concept of supply relationship is the correlation between supply and the price received by the supplier, who is willing to supply a certain amount of products at the price received.

The dynamic in the relationship between demand and supply has a direct influence on the efficient allocation of resources within an economy, as well as….

He would be faced with deciding whether he must spend all his available resources on goods or services, or whether he must save some of his income so that he would be able to finance some of his needs of his future. When he is taken as a labor resource, he must make the decision whether he must use his time in working for his pay, or whether he must spend it on sleeping and other leisure time activities. ("Decision making using marginal analysis," n. d.)
Similarly, when he is a labor resource, he must decide how much of his time he must spend on education, so that he may be able to maximize his life earnings. On the other hand, if he were an entrepreneur, then he must make the decision on how many people he must hire, or how much he must spend on acquiring a new product….

Economic Depression of Europe
An economic depression is more severe than a recession due to the fact that a depression involves drastic decline in a national or international economy, characterized by decreasing business activity, falling prices, and high levels of unemployment.

There were economic depressions in Europe that were experienced before and after the 1870 but with a remarkable difference, being that those that were experienced before the 1870s were less costly in terms of life and resources and took relatively lesser period. Indeed it was a commonplace that every part of Europe experienced one sort of economic depression or the other.

One such economic situation before 1870 was the "little ice age" which began in the late 16th century till around 1950s as indicated by Big Site of History (2011). This was a time when a severe cold that could not be withstood by most crops set in most part of Europe.….

Ergo, the role of the EU seems to be that of implementing protectionist policies. These would be developed onto three simultaneous directions.
A first set of policies would revolve around the creation of a new market architecture at the EU level. This would strengthen the EU's position in the face of future challenges by:

ensuring a sustained and strong support from central banks allowing banks to rapidly implement the rescue plans, and allowing the Union to rapidly implement decisive methods that would prevent the expansion of the crisis to other countries (Commission of the European Communities, 2008).

A second set of strategies revolves around the necessity to really analyze the impacts the crisis has had upon the real economy and find ways in which to improve the real economy. These policies would combine short-term solutions to issues in need of rapid response as well as long-term projects. The short-term solutions would be….

Ultimately, these issues results in hunger and famine, where these inhabitants become deprived of the basic facilities that they are entitled to, as being a citizen of the country (World Hunger Education Service, 2012).
3. Impacts of Hunger and Famine in U.S.

The standard of living means to have a healthy, vigorous and active life. Keeping in mind, the standard of living, the hunger crisis in the U.S. is calculated and determined when its residents are not able to meet the nutritional needs to live a dynamic life. This indicates the fact that the people have lack of access to the nutritious, healthy and safe food. As a consequence, the inhabitants (especially of the low-income groups) tend to opt for foods that are less expensive with usually low nutrients, so that they can meet up to the financial components. Moreover, it has also been observed that meals are also dropped from….

Economics Country Analysis
PAGES 10 WORDS 3685

Economics - Country Analysis
Country Overview and Current Events (News)

Ethiopia, traditionally known as Abyssinia, is a landlocked Sub-Saharan country located at the Horn of Africa in East Africa, bordering Somalia, Kenya, Eritrea, Djibouti, Sudan, and the newly-created South Sudan. It covers approximately 1,126,829km2 of land; about the size of the state of Texas, and was, until the split of Sudan, the second-largest country in Africa. Being landlocked, Ethiopia largely relies on the port of Djibouti, to which it is connected by both rail and road. Economic elements such as this, together with the country's history, population, geography and economic performance have been explored in the subsequent sections of this text.

Population: the U.S. Census Bureau, in June 2013, estimated Ethiopia's population to be 93,877,025; a figure that makes the country the second-most populous in Africa, after Nigeria (orld Bank, Index Mundi). Ethiopia's population has been on a steady increase and so has….

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4 Pages
Essay

Economics

Economic Status

Words: 1228
Length: 4 Pages
Type: Essay

Economic eport Card The nature of the economic world is in constant flux and changes, requiring the student of the subject to be aware of the many patterns and tendencies…

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3 Pages
Essay

Economics

U S Macroeconomic Trends and Policies Macroeconomic Status

Words: 969
Length: 3 Pages
Type: Essay

U.S. MACOECONOMIC TENDS AND POLICIES Macroeconomic Status The major recession that began in the United States in 2007 has drastically changed the landscape of the American economy, both in present times…

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6 Pages
Essay

Health

Economic Disadvantages and Respiratory Issues

Words: 1698
Length: 6 Pages
Type: Essay

Respiratory Issues Complicated by Economic Disadvantage Socio-economic status, commonly referred to as SES can be describes as the economic or social standing of an individual, and is a measure of…

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9 Pages
Term Paper

Family and Marriage

Economic Sociology

Words: 3188
Length: 9 Pages
Type: Term Paper

Shame in My Game: The Economic Sociology of Poverty Poverty in America is such a politicized topic that it can be difficult for even the most neutral people to…

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8 Pages
Term Paper

Economics

Economic Miracle Japan 1946-1973 Japan

Words: 2610
Length: 8 Pages
Type: Term Paper

Energy costs increased substantially and the yen's exchange rate was shifted to a floating rate. The eventual recession reduced expectations of future growth and reduced private investment. Economic…

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3 Pages
Term Paper

Economics

Economic Institutions the History of

Words: 1101
Length: 3 Pages
Type: Term Paper

That is, international financial organizations, such as the World Bank and the International Monetary Fund and which controlled by core states, decide that, in order to grant financial…

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3 Pages
Essay

Economics

Economics Discussions Production Costs Postal Service USPS

Words: 870
Length: 3 Pages
Type: Essay

Economics Discussions Production Costs Postal Service (USPS) operates at a loss but its closest competitors -- UPS and FedEx -- both operate at a profit. Suggest how fixed costs have contributed…

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3 Pages
Essay

Economics

Economics - Macroeconomics Economics Various

Words: 1129
Length: 3 Pages
Type: Essay

S. The societal system practiced in France serves as a model towards which the U.S. aspire. President Barack Obama's healthcare reform plan is considered by many as being a socialist…

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8 Pages
Thesis

Economics

Economic and Trade Development the

Words: 2664
Length: 8 Pages
Type: Thesis

(Buchanan, 72) The economic policy tools that were employed just after the war subsequently underwent some changes. From 1947 to 1950 direct controls on wages and distribution were eliminated…

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3 Pages
Term Paper

Economics

Economics Country's Economy Is Driven

Words: 1028
Length: 3 Pages
Type: Term Paper

These decisions necessarily entail that some potentially productive opportunities are sacrificed in order to make what is estimated as the most productive choice. Supply and demand refer to specific…

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5 Pages
Term Paper

Economics

Economics Theory Popular Concept That

Words: 2089
Length: 5 Pages
Type: Term Paper

He would be faced with deciding whether he must spend all his available resources on goods or services, or whether he must save some of his income so…

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6 Pages
Research Paper

Economics

Economic Depression of Europe

Words: 2122
Length: 6 Pages
Type: Research Paper

Economic Depression of Europe An economic depression is more severe than a recession due to the fact that a depression involves drastic decline in a national or international economy, characterized…

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7 Pages
Thesis

Economics

Economic Crisis Introductory Remarks the

Words: 2043
Length: 7 Pages
Type: Thesis

Ergo, the role of the EU seems to be that of implementing protectionist policies. These would be developed onto three simultaneous directions. A first set of policies would revolve…

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10 Pages
Research Paper

Agriculture

Economic Class and Morality Economics

Words: 3362
Length: 10 Pages
Type: Research Paper

Ultimately, these issues results in hunger and famine, where these inhabitants become deprived of the basic facilities that they are entitled to, as being a citizen of the…

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10 Pages
Research Paper

Literature - African

Economics Country Analysis

Words: 3685
Length: 10 Pages
Type: Research Paper

Economics - Country Analysis Country Overview and Current Events (News) Ethiopia, traditionally known as Abyssinia, is a landlocked Sub-Saharan country located at the Horn of Africa in East Africa, bordering Somalia,…

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