Economic Status Essays (Examples)

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Economic Globalization Has the 2008 Financial Meltdown

Words: 2832 Length: 11 Pages Document Type: Essay Paper #: 9572312

Economic Globalization

Has the 2008 financial meltdown in the U.S. And the ongoing economic crisis in Europe have practically ended the era of economic globalization?

Following the financial crisis that marred the U.S. economy along with other global economies as well as the ongoing Eurozone debt crisis, there have been projected concerns that this predicament would end economic globalization. The purpose of this paper is to assess this claim. Going by Immanuel Wallenstein's World Systems Theory, the political economy of Third World economies and developed economies of the West are mutually dependent. Wallenstein's conjecture is that the growth and expansion of Third World economies relies on constant interaction with Western developed economies seeing as the world is characterized by a structural division of labor where the developing nations of the Third World provide cheap labor and raw materials while the developed economies are the holders of capital and controllers of…… [Read More]

References

Ebrahimi, H, 2012, "John Lewis warns Amazon's tax avoidance 'will drive UK companies out of business" The Telegraph

Held, David; The Open University, eds. (2004). A Globalizing World?: Culture, Economics, Politics (2nd ed.). London; New York: Routledge, in association with the Open University. p. 84.

Katz, I & Christie, R (2011) "Geithner Called Housing Giants Biggest 'Moral Hazard'" Bloomberg

Lynch, Katherine (2003). The Forces of Economic Globalization. Kluwer Law International
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Economic Impact of Katrina Impact

Words: 6883 Length: 20 Pages Document Type: Essay Paper #: 70792841

This is a pattern that is relatively consistent over a long time period (Clayton & Spletzer, 2006). The only difference in 2005 was that unemployment claims did not rise in the fourth quarter with the drop in jobs, as they had done in the past.

It is difficult to draw definitive conclusions as to where these employees went in the fourth quarter of 2005. To do so would be filled with generalizations that do not account for all of the factors involved. However, it can be surmised that in the fourth quarter of 2005, workers in New Orleans went elsewhere and were dispersed into other economies. Statewide numbers do not support a change that is significantly different from other years. Therefore, it does nor= appear that this diaspora had an impact on a state or national level. The only reasonable explanation is that unlike other years, where workers filed unemployment…… [Read More]

References

Arnall, D. Two Years Later: Katrina's Economic Impact. August 28, 2007. ABC News. Money. Retrieved May 19, 2008 at  http://www.abcnews.go.com/Business/story?id=3529341&page=1 

Bureau of Labor Statistics. (2006) Hurricane Information. Katrina and Rita. U.S. Department of Labor. Monthly Labor Review (August, 2006),

Clayton, R., & Spletzer, J. (2006). Worker Mobility before and after Hurricane Katrina. Monthly Labor Review. 129 (8), 14-21. Retrieved may 19, 2008 at  http://www.bls.gov/opub/mlr/2006/08/art2full.pdf .

Colgan, C. & Adkins, J. (2006). Hurricane damage to the ocean economy in the U.S. gulf region in 2005. Monthly Labor Review Online. 129 (8). Retrieved May 18, 2008 at  http://www.bls.gov/opub/mlr/2006/08/art7abs.htm
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Economic Impacts of the Following

Words: 1374 Length: 5 Pages Document Type: Essay Paper #: 31288179



Even more, high inflation attracted large budget deficits. In order to cover them from one fiscal period to another, a great part of Canada's national savings had to be directed towards this direction. The effects consisted in public debt accumulation, which in turn led to increased risks in the country's interest rates.

And the chain of effects did not stop here. The situation continued with discouraged investments, especially where equipment and technology were concerned. This is a very important aspect, because of the fact that these factors directly influenced productivity.

In other words, without massive and continuous investments in equipment and technology, productivity cannot be improved. If productivity does not reach satisfactory levels at least, the general economic situation cannot improve. As a consequence, individual economic situation cannot be a satisfactory one either.

Even if matters seemed to be clear from this point-of-view, it took a while until Canada came…… [Read More]

Reference list:

1. Canada (2009). Central Intelligence Agency. The World Factbook. Retrieved June 11, 2009 from https://www.cia.gov/library/publications/the-world-factbook/geos/CA.html.

2. Dodge, David (2002). Bank of Canada. Governor of the Bank of Canada's Speech to the Canadian Society of New York. Retrieved June 11, 2009.

3. Ragan, C. (2005). The Exchange Rate and Canadian Inflation Targeting. The Bank of Canada. Retrieved June 11, 2009.

4. Phelps, Edmund (1970). Inflation Policy and Unemployment. MacMillan. Retrieved June 11, 2009.
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Economic Disadvantages and Respiratory Issues

Words: 1698 Length: 6 Pages Document Type: Essay Paper #: 45916897

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…… [Read More]

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Economic Sociology

Words: 3188 Length: 9 Pages Document Type: Essay Paper #: 19705023

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…… [Read More]

Works Cited

Newman, Katherine. No Shame in My Game: The Working Poor in the Inner City. New York:

Knopf and Russell Sage Foundation, 1999. Ebrary. Web. 5 Apr. 2010.
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Economic Miracle Japan 1946-1973 Japan

Words: 2610 Length: 8 Pages Document Type: Essay Paper #: 3449384

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 demands…… [Read More]

Bibliography

Answers.com. (2007). Shigeru Yoshida. 4 pages. Encyclopedia Britannica: Answers Corporation

Bernier, B. (1980). The Japanese peasantry and economic growth since the land reform of 1946-47. 40 pages. Vol 12 issue 1. Bulletin of Concerned Asian Scholars: Questia Media America, Inc.

Luu, L.T. et al. (1996). Summary report on Japan. Team # 6. Chinman: University of Hawaii..

Retrieved March 14, 2007 at http://www2/hawai.edu/~chiman/file2,htm
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Economic Indicators the Change in the United

Words: 1290 Length: 4 Pages Document Type: Essay Paper #: 81595418

Economic Indicators

The change in the United States Real Gross Domestic Product (GDP) ratings has shown both ups and downs in the U.S. economy over the last two years. In the most recent quarter, the first quarter of 2011, the U.S. GDP increased over 2%. hile the GDP has increased every quarter since mid-2009, the quarterly increase in each of the last four reported periods was weaker than the quarterly increase between mid-2009 and early 2010. Overall, however, the recent increases suggest the U.S. economy is recovering from the recent recession.

In 2008, as the United States was entering a period of recession, the real GDP decreased in three of the four quarters of the year, and increased only slightly in the fourth. The GDP trended downward from the beginning of the year, where the real GDP decreased by around 1% in the first quarter, to the end, when the…… [Read More]

Work Cited

FOXNews.com. (December 4, 2008.) "Detroit's Big Three Consider Bailout With Strings Attached." Retrieved May 11, 2011 from  http://www.foxnews.com/politics/2008/12/04/detroits-big-consider-bailout-strings-attached/ 

King, Danny. (January 26, 2011.) "Gallup Poll: How Underemployment Hurts the Economy." Retrieved May 11, 2011 from Daily Finance at  http://www.dailyfinance.com/2011/01/26/gallup-poll-how-underemployment-hurts-the-economy/ 

Whitehouse, Mark. (April 30, 2011.) "Number of the Week: Millions Set to Lose Unemployment Benefits." Retrieved May 11, 2011 from the Wall Street Journal at  http://blogs.wsj.com/economics/2011/04/30/number-of-the-week-millions-set-to-lose-unemployment-benefits/
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Economic Institutions the History of

Words: 1101 Length: 3 Pages Document Type: Essay Paper #: 11826980

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…… [Read More]

References

Chomsky, Noam. "DRCNet Interview: Noam Chomsky." Drug War Chronicle Aug.2002. Drug Reform Coordination Network. Washington DC. 2.08.2002.  http://stopthedrugwar.org/chronicle-old/223/noamchomsky.shtml .

Korten, David C. "When Corporations Rule the World." USA: Berrett-Koehler Publishers; 2 edition, 2001

Kozol, Jonathan. "The Shame of the Nation. The Restoration of Apartheid Schooling in America." New York: Crown Publishers, 2005

Wallerstein, Immanuel. "The Modern World-System: Capitalist Agriculture and the Origins of the European World-Economy in the Sixteenth Century." New York: Academic Press, 1976
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Economics Discussions Production Costs Postal Service USPS

Words: 870 Length: 3 Pages Document Type: Essay Paper #: 65287506

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…… [Read More]

Lemon Law

5. From the e-Activity, compare and contrast the lemon law in two different states and analyze which offers the best protection for the consumer. Suggest what both states could do to improve their laws. Provide support for your response.

The California and Alaska Lemon Laws are largely the same except the California law (State of California Department of Justice 2012) restricts replacement / compensation to vehicles driven under 18,000 miles within the warranty period but the Alaska law (Carlemon.com, n.d.) does not restrict the warranty period by number of miles driven. All states could benefit from a uniform definition of "reasonable attempt" to replace or refund, which depends upon, and thus also entails, a standardization
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Economics - Macroeconomics Economics Various

Words: 1129 Length: 3 Pages Document Type: Essay Paper #: 75949107

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…… [Read More]

Reference list:

1. Eddlem, T.R. (2009). Obama needs to learn "opportunity cost." The New American. Retrieved February 26, 2010 from  http://findarticles.com/p/articles/mi_m0JZS/is_15_25/ai_n32369481/?tag=content;col1 .

2. Dorrien, G. (2009). Is the Economic Crisis a Sin? Newsweek. Retrieved February 26, 2010 from http://www.newsweek.com/id/206095.

3. Steele Calls Obama Health Plan "Socialism" (2009). CBS News. Retrieved February 26, 2010 from  http://www.cbsnews.com/stories/2009/07/20/politics/main5174417.shtml .

4. Remarks by the President on Financial Rescue and Reform. The White House. Retrieved February 26, 2010 from  http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-on-Financial-Rescue-and-Reform-at-Federal-Hall .
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Economic and Trade Development the

Words: 2664 Length: 8 Pages Document Type: Essay Paper #: 3379747

(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…… [Read More]

References

Bathelt, Harald; Wiseman, Clare; Zakrzewski, Guido. Unit 1: Post-war development and structure of the German economy.

Buchanan, Tom. Europe's troubled peace, 1945-2000.

Wiley-Blackwell, 2006.

DeLong, J. Bradford. Grasping reality with both hands: A Fair, Balanced, Reality-Based,
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Economics Country's Economy Is Driven

Words: 1028 Length: 3 Pages Document Type: Essay Paper #: 83619600

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…… [Read More]

Bibliography

NetMBA.com. (2002-2007). Production Possibility Frontier.  http://www.netmba.com/econ/micro/production/possibility /" target="_blank" REL="NOFOLLOW">
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Economics Theory Popular Concept That

Words: 2089 Length: 5 Pages Document Type: Essay Paper #: 92797800

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…… [Read More]

References

Evans, Edward. (2005) "Marginal analysis, an economic procedure for selecting alternative technologies/practices." University of Florida, Institute of Food and Agricultural Sciences. Retrieved 15 December, 2007 at http://edis.ifas.ufl.edu/FE565

Johnson, Paul. M. (2005) "Marginal Analysis: A glossary of political economic terms" Retrieved 15 December, 2007 at  http://www.auburn.edu/~johnspm/gloss/marginal_analysis 

McConnell, Campbell R; Brue, Stanley L. (2005) "Economics, principles, problems and policies" McGraw-Hill Professional.

McEachern, William a. (2006) "Macroeconomics, a contemporary introduction" Thomson
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Economic Depression of Europe

Words: 2122 Length: 6 Pages Document Type: Essay Paper #: 43307480

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…… [Read More]

References

Big Site of History (2011). Social Trends in 17th Century Europe: The Problem of Divine-Right

Monarchy. Retrieved July 18, 2011 from  http://bigsiteofhistory.com/social-trends-in-17th-century-europe-the-problem-of-divine-right-monarchy 

Historic UK, (2011). The Great Plague 1665. Retrieved July 18, 2011 from http://www.historic-

uk.com/HistoryUK/England-History/GreatPlague.htm
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Economic Crisis Introductory Remarks the

Words: 2043 Length: 7 Pages Document Type: Essay Paper #: 86739283

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…… [Read More]

References

Budowsky, B., January 22, 2008, the Economic Crisis, the Hill

Kilmister, a., December 2008, the Economic Crisis and Its Effects, World Economy, No. 407

Miller, J., Jackson, B., Who Cause the Economic Crisis? The Annenberg Public Policy Center of the University of Pennsylvania

 http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html , last accessed on January 7, 2009
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Economic Class and Morality Economics

Words: 3362 Length: 10 Pages Document Type: Essay Paper #: 56578291

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…… [Read More]

Bibliography

Anonymous. "Hunger in the U.S. -- Families in Crisis." The Hunger Site, 2012. Web. 29 Dec 2012

This website has discussed how hunger has become one of the harsh realities of the United States, even though it is a land of abundant resources. The impact of hunger upon the individuals, society and eventually on the nation has been argued by the author. Solving the hunger problem has also been articulated in the study. I have used this website with the prime motive to surface the impact of this enormity upon various bodies.

Austin, Michael. Reading the World Ideas That Matter. 2nd Edition. New York, USA: W.W. Norton & Company, 2012. Print.

This book is about the contemporary readings and classic texts that are particularly based on the diversity of views on ideas. This diversity helps an individual in exploring the development of ideas in different cultures and at various occasions.
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Economics Country Analysis

Words: 3685 Length: 10 Pages Document Type: Essay Paper #: 10554050

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…… [Read More]

Works Cited

AFDB. "Inflation Dynamics in Selected East African Countries: Ethiopia, Kenya, Tanzania and Uganda." AFDB Brief, 2012. Web. 18 March 2014  http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/07022012Inflatin%20East%20Africa%20-%20ENG%20-%20Internal.pdf 

This article analyses the trend in Ethiopia's inflation rates vis-a-vis those of other countries in the Sub-Saharan region and was a valuable source of regional statistics, which formed the main basis for comparison.

Broussar, Nzinga, and Tekleselassie Tsegay. "Youth Unemployment: Ethiopia; Country Study." International Growth Center, 2012. Web. 18 March 2014  http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/07022012Inflation%20East%20Africa%20-%20ENG%20-%20Internal.pdf 

This article analyzes the trend in Ethiopia's employment patterns. It reinforced my arguments that unemployment is more prevalent in urban Ethiopia, and that the country's informal sector contributes more to GDP than the formal sector.
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Economic for Business

Words: 2780 Length: 8 Pages Document Type: Essay Paper #: 22418309

Economics for Business

The company that I am studying is Apple. The company is a designer and marketer of consumer electronics, specifically computers, smartphones, tablets, mp3 players and software. The company has experienced a strong run of great performance in recent years, but it has not always been that way for Apple. The company struggled considerably, especially in the 1990s, before breaking loose. The key thing about Apple is that it has always sought to differentiate itself. Over the course of the past ten years, we have seen most of Apple's former competitors in the personal computer space leave the industry. The reason is that the computer industry is moving towards the strategic hell of perfect competition.

Strategy Hell

The term strategic hell reflects the condition of perfect competition. In the real world outside of economics textbooks, few markets can be truly understood to be perfectly competitive. Perhaps a vegetable…… [Read More]

References

Lunden, I. (2013). Android at 82% share, Samsung a flat leader. TechCrunch.. Retrieved November 25, 2013 from  http://techcrunch.com/2013/11/14/gartner-456m-phones-sold-in-q3-55-smartphone-android-at-82-share-samsung-a-flat-leader/ 

Mourdoukoutas, P. (2013). Apple's most important branding lessons for marketers. Forbes Retrieved November 21, 2013 from  http://www.forbes.com/sites/panosmourdoukoutas/2013/10/05/apples-most-important-branding-lesson-for-marketers/ 

MSN Moneycentral. (2013). Apple Inc. MSN Moneycentral. Retrieved November 22, 2013 from  http://investing.money.msn.com/investments/stock-income-statement/?symbol=AAPL 

Riley, G. (2013). Strategic choice: Apple: Differentiation v scale. Tutor2U.net. Retrieved November 21, 2013 from  http://www.tutor2u.net/blog/index.php/business-studies/comments/strategic-choice-apple-differentiation-v-scale
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Economic and Professional Performance Mexican American and Chinese American

Words: 1055 Length: 4 Pages Document Type: Essay Paper #: 11111980

Economic and Professional Performance

This is a paper that explores the economic and professional performance of Mexican-American and Chinese-Americans.

There are six references used for this paper.

The United States is a country rich in diversity. It is interesting to look at Chinese-Americans and Mexican-Americans and determined their professional performance, as well as their economic performance.

Mexican-Americans

Mexican-Americans are one of several groups which make up the Hispanic population in the United States, and are found mostly "in California, Arizona, New Mexico, Colorado, and Texas. Although there may be cultural differences, most Hispanics share North American values, including a desire for upward mobility (Coates)."

Performance

Many Mexican-Americans find their efforts to improve their economic condition challenged by their language skills and education levels. The majority of Mexican-Americans speak Spanish and understand little or no English. Education "is a serious problem, partly because many Mexican-American families are migrant workers who move…… [Read More]

Works Cited

Coates, Joseph F., Jennifer Jarratt and John B. Mahaffie. Future work. (effects of changing

Demographics, new technology, global economy, and new demands on workers).

The Futurist. (1991): 01 May.

Edgerton, Russell. A new case for accelerating minority educational advancement. (L. Scott
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Economic Particularities of Japan's Meiji

Words: 4357 Length: 14 Pages Document Type: Essay Paper #: 47835217

The number of educational institutions remained the same and child labor has also stagnated. Entrepreneurs were still allowed to employ children, which they did moreover when they paid them lower wages.

Just like with the Meiji Era, the British Industrial evolution opened new horizons and generated numerous development possibilities for the country and its population. The most important contributions were felt in the technological sector and materialized in a wide series of advancements. "It was not only gadgets, however, but innovations of various kinds -- in agriculture, transport, manufacture, trade, and finance -- that surged up with a suddenness for which it is difficult to find a parallel at any other time or place. The quickened pace of development is attested by the catalogue of new patents, the lengthening list of Acts of enclosure, the expanding figures of output and exports, and the course of prices, which, after remaining roughly…… [Read More]

References

Ashton, T.S., the Industrial Revolution, 1760-1830, Oxford University Press, 1997

Buer, M.C., Health, Wealth and Population in the Early Days of the Industrial Revolution, Routledge, 1926

Hunter, J., Institutional Change in Meiji Japan: Image and Reality, Routledge, 2005

Kinzley, W.D., Emperor of Japan: Meiji and His World, 1852-1912, the Historian, Volume 66, 2004
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Economic Organizations

Words: 2264 Length: 6 Pages Document Type: Essay Paper #: 82999878

Economic Organizations

The purpose of this paper is to examine the roles of gender and stereotypes in economic organizations, using examples from the movie "One Fine Day" to illustrate these roles. An abundant body of literature exists within both academic journals and the popular media concerning work and family conflicts that are encountered daily by Americans. Many work and family conflicts have been endured for time immemorial, such as the requirement to travel or work overtime. The result of work and family conflicts has often been that work wins over family, ending in missed life events such as births, deaths, skinned knees and soccer games. Often the father was the one away on business while the mother was home maintaining the family. This familiar family situation arose because "Ideologies assigning primary child-care responsibility to women prevail in most cultures" (Treas and Widmer, 2000).

The role of women in the home…… [Read More]

Bibliography

Bartol, Kathryn. Female managers and quality of working life: the impact of sex-role stereotypes. Journal of Occupational Behaviour Vol. 1, 1980: 205-221.

Bernstein, Aaron. Women's Pay: Why the Gap Remains a Chasm; A new study spells out the costly impact of family obligations. BusinessWeek Iss. 3887, New York, 14 June 2004: 58.

Blau, Francine and Lawrence Kahn. Gender Differences in Pay. Journal of Economic Perspectives, Vol. 14 No. 4, Fall 2000: 75-99.

Conlin, Michelle. Self-Deprecating Women. BusinessWeek Iss. 3887, New York, 14 June 2004: 26.
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Status of the Labor Movement While Labor

Words: 672 Length: 2 Pages Document Type: Essay Paper #: 33214235

Status of the Labor Movement

While labor movements are not as conspicuous today as they were in previous years, they still assume an essential part in representing and protecting the American workforce. Sweatshop conditions that were eradicated at some point are back to the U.S. workplace. Poor workers from foreign countries have been continuous victims of sweatshops. As a result, unions, social activists, and labor groups have reacted by mobilizing campaigns on awareness and lobbying political leaders for action about employee contracts.

Labor movements are essential in the current labor market through the reporting and monitoring of exploitative working conditions. This is because they permit representatives to viably bargain for their wages and provide an emotionally supportive network for workers. Unions provide a check against employers who attempt to infringe the privileges of laborers. The destiny of the labor movement is premised on the destiny of American democracy. Lack of…… [Read More]

References

Dubofsky, M. (2009). The state & labor in modern America. Chapel Hill u.a: Univ. Of North Carolina Press.

Sloane, A.A. & Witney, F. (2010). Labor relations (13th ed.). Upper Saddle River, NJ: Prentice Hall.

Wheeler, H.N. (2012). The future of the American labor movement. Cambridge [u.a.: Cambridge Univ. Press.
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Economic Impact of the War

Words: 2115 Length: 6 Pages Document Type: Essay Paper #: 35930305

First, by linking public education funding to standardized test scores, the schools become accountable to the federal government for the funds they receive. Second, by providing parents with detailed reports about the performance of their childrens' schools, the NCLB increases accountability on a local level. In addition, proponents of the NCLB believe that the 100% compliance requirement goal of 2014 requires school districts to provide better educational services to minorities and other groups that have previously been the recipients of sub-standard educations. By requiring schools to use scientifically-based research practices, proponents of the NCLB believe that schools are being held to a higher educational standard under the NCLB. They believe that standardized testing provides objective measurements of performance, which they believe is critical to the vitality of a school. The first wave of standardized testing is aimed at the teachers, and seeks to ensure that they are proficient in the…… [Read More]

Works Cited

Boehner, John. "Frequently Asked Questions about No Child Left Behind." House.gov. 2004.

U.S. House of Representatives. 8 June. 2006  http://edworkforce.house.gov/issues/108th/education/nclb/nclbfaq.pdf .

Bush, George. "Foreword." Whitehouse.gov. Date Unknown. The White House. 8 Jun. 2006  http://www.whitehouse.gov/news/reports/no-child-left-behind.html .

Wikipedia Contributors. "No Child Left Behind Act." Wikipedia.org. 2006. Wikimedia
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Economics Is Canada a Post-Industrial Society There

Words: 1145 Length: 3 Pages Document Type: Essay Paper #: 49439097

Economics

Is Canada a Post-Industrial Society?

There is little doubt that the economy in Canada has changed; over the last decade there has been a general movement away from agricultural and industrial jobs towards jobs in the service sector. This is a trend which appears to indicate the country is moving towards, or has become, a post-industrial society. To determine if this is the case it is necessary to define what is meant by the term post industrial society, to identify the characteristics which are seen in a post industrial society. The characteristics may then provide a basis for assessment of Canada.

The concept of a post industrial society was first popularized by Harvard Sociologist Daniel Bell, in his book the coming of the Post Industrial Society, first published in 1973. Bell (1999) hypothesized a model of four stages of society that have, or were believed to be emerging; the…… [Read More]

References

Aoyama, Yuko; Castells, Manuel, (1994, Jan - Feb), Paths towards the informational society: employment structure in G-7 countries, 1920-90, International Labor Review, 133(1), 5

Bell, Daniel, (1999), The Coming of Post-Industrial Society, New York, Basic Books

CIA, (2013), Canada, CIA World Factbook, [online] retrieved 7th of March 2013  https://www.cia.gov/library/publications/the-world-factbook/geos/ca.html 

Krahn, H; Lowe, G, (1998), Work, industry, and Canadian society, International Thompson Publishing Company
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Economic Globalization Is Regarded as

Words: 4337 Length: 11 Pages Document Type: Essay Paper #: 5935419

By means of automation, specialized works that were predominantly done by men in the manufacturing industries situated in the developed nations were diminished. Conversely, non-specialized jobs mainly in the electronic parts manufacturing industries, particularly the microchip, in which unskilled women in a number of developing nations find employment, became bigger. Thus, the electronic parts manufacturers, instead of investing in huge capital-based units, had favored to make use of manual workers based in nations wherein inexpensive, quiet, and for that reason mostly women workers was quickly accessible. (Mitter; owbotham, 1995) Hence, women in Asia could get several jobs from the electronics manufacturing industry. Fresh high school passed out graduates from the tiny villages moved to the cities for jobs available in the semiconductor units. Usually the daughters of those villagers who were high-incomes, these young females, irritated by the absence of clerical as well as semi-skilled employment prospects in their villages,…… [Read More]

References

Ahmed, Fauzia Erfan. (2004, Summer) "The Rise of the Bangladesh Garment Industry:

Globalization, Women Workers, and Voice," NWSA Journal, vol. 16, no. 2, pp. 34-45.

Ainina, Fall M; Petrick, Joseph a; Scherer, Robert F. (2003) "Loss Control in High Technology

Electronics Manufacturing: A Longitudinal Study of Occupational Safety," Review of Business, vol. 24, no.3, pp: 35-42.
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Economic Development in Honduras A Banana War

Words: 2008 Length: 7 Pages Document Type: Essay Paper #: 90285447

Economic Development in Honduras: A Banana ar Legacy

An Analysis of Economic Development in Honduras from 1820 to Present

In many Latin American countries such as Honduras, the historical emphasis that has been placed on agriculture as a money industry for export purposes has resulted in the term, "banana republic" (Nash & Jeffrey 1994). Following their independence, most Latin American countries continued to depend on the export of raw materials for their revenue, rather than investing in an economic infrastructure that would provide value-added services, which only further contributed to this pattern of dependence on foreign states. This is largely what has taken place in the Republic of Honduras as well, and the country continues to suffer from sporadic and inequitable foreign investment, much of which has illegally diverted into private hands rather than infrastructure development. This paper provides an overview of the Republic of Honduras, an assessment of the…… [Read More]

Works Cited

Bates, Stephen. (January 8, 1999). Good friends slip on a banana skin. New Statesman,

128(4418):23.

Befus, David R., Debbie L. Mescon, Timothy S. Mescon and George S. Vozikis. (1988).

International Investment of Expatriate Entrepreneurs: The Case of Honduras. Journal of Small Business Management, 26(3):40.
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Economic Dependency Neo-Liberal Path to

Words: 1676 Length: 4 Pages Document Type: Essay Paper #: 30290914

He also said that it was high time that every person in the world stopped being economically defensive and started to become politically courageous. At the same summit, the Minister of Sustainable Development and Planning and Head of the Economic and Social and Ministerial Council of Bolivia said that a responsible community would make up and constitute the very basis of global sustainability and stability, and sustainable development was what had helped Bolivia survive through all the years of economic instability and political unrests that it had been subjected to all the previous years. (esponsibility for each other- as Johannesburg's High-Level Segment Begins)

However, though it is widely accepted that Bolivia is indeed heading in the right direction today, it is still lacking in clear markets, and in a complete access to the various technologies that exist in the world today, and also in a guiding mechanism that would help…… [Read More]

References

Background Note: Bolivia. (August, 2004) Bureau of Western Hemisphere Affairs. Retrieved at  http://www.state.gov/r/pa/ei/bgn/35751.htm . Accessed on 22 February, 2005

Background Notes, Bolivia. (March 1998) U.S. Department of State. Retrieved at  http://www.state.gov/www/background_notes/bolivia_0398_bgn.html . Accessed on 22 February, 2005

Bolivia, Geography. Retrieved at  http://reference.allrefer.com/world/countries/bolivia/geography.html . Accessed on 22 February, 2005

Nicholls, Peter. (Autumn, 2003) Bolivia, between a rock and a hard place. Capital and Class. Retrieved at  http://www.findarticles.com/p/articles/mi_qa3780/is_200310/ai_n9324747/pg_3Accessed  on 22 February, 2005
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Economics Growth the Retailer Sector Was Lately

Words: 3394 Length: 8 Pages Document Type: Essay Paper #: 93111117

Economics

Growth The retailer sector was lately affected by the back-to-school shopping season, which did not start so well, as midprice department stores, discounters and specialty-apparel retailers announced disappointing sales results during August, which reinforced the already much debated concerns that consumers are not comfortable with the current state of the economy and are reluctant to consume, considering the shaky and uneven economic recovery.

However, luxury department-store chains managed to post significant earnings, as they benefited from the help of an important number of upscale shoppers. Still, the effects of higher gas prices and the rising value of grocery bills, combined with lackluster job growth were severely felt by moderate- and lower-income shoppers.

Michael Niemira, chief economist and director of research at the International Council of Shopping Centers feels that "There's weaker-than-expected performance," due to the fact that "there was a slowdown in spending, but some results are exaggerated by…… [Read More]

References

1. Higher energy prices depress overall economy. Charles Stein.

Knight Ridder Tribune Business News. Washington:

Aug 6, 2004. On the Internet at  http://gateway.proquest.com.libproxy.unm.edu/openurl-url_ver=Z39.88-2004&res_dat=xri:pqd&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&genre=article&rft_dat=xri:pqd:did=000000674708321&svc_dat=xri:pqil:fmt=text&req_dat=xri:pqil:pq_clntid=2877 

2. Retailers' Sales Come In Weaker Than Expected; Soft Results Reinforce Fears About Consumer Confidence; Discounters Saw Biggest Hit. Kortney Stringer.
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Economic Implications Surrounding the Buying

Words: 1391 Length: 5 Pages Document Type: Essay Paper #: 35317887

A teenager relates with another teenager, member of the same social framework (be it group of friends, school, etc.), partially through the products he or she uses. Many of these need to be the latest style and embody not necessarily a social status, but a sense of style. At the same time, many of these are products that are used in the household, such as the car that the family drives or the electronics used.

This type of approach also has an important aspect to be considered in the marketing segment: the lifecycle of the product is much shorter than for other products and for other periods of time. ecause of this trend imposed by teenagers to be continuously in style, as well as by certain characteristics of a teenager that are reflected in the purchasing behavior (such as the fact, for example, that a teenager will tend to get…… [Read More]

Bibliography

1. Teen - Market Profile. 2004. On the Internet at  http://www.magazine.org/content/files/teenprofile04.pdf . Last retrieved on April 22, 2010

2. Gale, Derek. 2007. Purchasing Power of Kids and Teens. On the Internet at http://www.rimag.com/article/374736-Purchasing_Power_of_Kids_and_Teens.php. Last retrieved on April 22, 2010

Teen - Market Profile. 2004. On the Internet at
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Economic Circumstances That Initiated the

Words: 3494 Length: 12 Pages Document Type: Essay Paper #: 8197620

We don't look at their psychological well-being. it's almost as though, psychologically, they're a blank. And we know very little about the differences among black women. Some cope better than others. We don't know who they are, why they cope better, what resources they have access to. If we can understand that, then we can understand the needs of those who cope less well. What I am finding so far is that almost all the mothers in my study, when asked whether they would prefer employment to public assistance, say they would rather have a job. However, having a job is very difficult for this group of mothers because it is difficult for them to find and keep jobs that support them and provide adequate benefits. And there's another consideration: When we say we're going to put these women to work, what is it going to mean in terms of…… [Read More]

Bibliography

The Impact of the Welfare State on the American Economy (1995) Joint Economic Committee Study. December 1994. Executive Summary. Online available at  http://www.house.gov/jec/welstate/vg-1/vg-1.htm 

Paternal State, the Liberal State, and the Welfare State (nd) Online available at  http://www.friesian.com/freestat.htm 

Overview of the Nixon-Ford Administration at the Department of Labor 1969-1977 (1977) U.S. Department of Labor, Office of the Assistant Secretary for Administration and Managementy. 20 Oct 2007. Online available at  http://www.dol.gov/oasam/programs/history/webid-nixonford.htm 

Social Work Experts Predict: Disaster With a Ray of Hope (1996) Columbia University Record -- September 20, 1996 -- Vol. 22, No. 3. Online available at  http://www.columbia.edu/cu/record/archives/vol22/vol22_iss4/Welfare_Reform.html
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Economic Forces and Impact on Healthcare

Words: 1066 Length: 3 Pages Document Type: Essay Paper #: 17722899

Economic Forces and Health Care

Evaluation of Economic Forces and Impact on Health Care

This paper examines the impact of economic forces on the health care industry and health care management. According to Economy atch, the health care industry plays an important part in the country's economy. The health care industry determines the gross domestic product (GDP), exports status, employment, capital investment etc. The industry is likely to be dominated by continued expansion of demands in the market, increasing prices, and increasing awareness among customers, likely triggering a change in the industry for the better (Health Care Industry, 2011).

Industry analysts point to the healthcare industry as the one bright spot in an otherwise sluggish economy. According to the healthcare Financial Management Association (HFMA), the health care industry is creating new jobs, companies and markets. Job growth as the result of health care demands increased by 65% from 1990 to…… [Read More]

Works Cited

ACOEM Special Committee on Health, Productivity, and Disability Management. (2008). Healthy workforce/healthy economy: The role of health, productivity, and disability management in addressing the nation's health care crisis. American College of Occupational and Environmental Medicine. Retrieved July 10, 2011 from  http://www.acoem.org/uploadedFiles/Healthy_Workplaces_Now/Healthy%20Workforce%20-%20Healthy%20Economy.pdf 

Health Care Industry. (2011). Economy Watch. Retrieved July 10, 2011 from  http://www.economywatch.com/world-industries/health-care/ 

Healthcare industry proves one bright spot in sluggish economy, research shows. (2011). Healthcare Financial Management Association website. Retrieved July 10, 2011 from  http://www.hfma.org/templates/blogpost.aspx?id=27268 

Kavilanz, P. (2011). Health care jobs a bright spot for hiring. CNNMoney. Retrieved July 10, 2011 from  http://money.cnn.com/2011/07/08/news/economy/healthcare_jobs/
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Economics as a Paid Lobbyist of FedEx

Words: 614 Length: 2 Pages Document Type: Essay Paper #: 22740864

Economics

As a paid lobbyist of FedEx, I would like to see the government encourage more global trade. There are two reasons for this. The first is that global air trade is one of my company's most profitable services, and the other is that our revenues are tied closely to the state of the global economy. Trade agreements are a form of trade policy that enjoy broad Congressional support and are easier to implement than spending-related fiscal policy or monetary policy. Chiff.com (2012) notes that lobbying is the "process of petitioning the government to intervene in special causes. Aside from broad trade-related issues, FedEx could benefit from its ongoing classification as an airline, something that gives it special privileges compared with UPS, especially with respect to labor freedoms. Maintaining this flexibility and cost advantage helps FedEx and its competitors are trying to undermine this advantage.

Shalal-Esa (2009) notes that there…… [Read More]

Works Cited:

Chiff.com. (2012). What is lobbying? Chiff.com. Retrieved June 9, 2012 from  http://www.chiff.com/society/lobby.htm 

No author. (2008). This house believes that elected representatives should not hold any additional posts while serving in government. IDEA Beta. Retrieved June 9, 2012 from  http://idebate.org/debatabase/debates/constitutional-governance/house-believes-elected-representatives-should-not-hold-second-jobs 

Shalal-Esa, A. (2009). How many lobbyists are there in Washington? Reuters. Retrieved June 9, 2012 from  http://www.reuters.com/article/2009/09/13/obama-lobbying-idUSN1348032520090913
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Economic Indicators

Words: 580 Length: 2 Pages Document Type: Essay Paper #: 42007181

Economic Indicators: Interest Rates and the Housing Industry

Residential Construction Industry

hroughout the last century our economy and way of life as Americans was permanently altered as a result of governmental involvement and the development of finance options, such as mortgage rates never before seen in the residential construction industry. In the beginning of the 20th century, what seemed unattainable by homebuyers became a common expectation by that century's close. hese expectations dealt with a consumer not only being able to build his own home, but more importantly being able to possess personal property, which represented, "comfort, convenience and quality of life unknown to previous generations" ("A Century of Progress," 2003).

hus, the idea of affordable housing for middle-class individuals is actually a relatively recent American historical phenomenon and highly dependant upon financing. Some economists date the so-called typical American suburban lifestyle to explosion of the highly standardized yet inexpensive…… [Read More]

The lower the rate of interest, the more incentive there is for the consumer to borrow money to purchase a house. Lower interest rates in general also make it easier for consumers to purchase furniture, cars, and the other necessary accoutrements of a middle class suburban lifestyles surrounding home ownership. A "rapid growth in the number of mortgage products and loan options is helping buyers to overcome down-payment hurdles ... however, some of these loans come at a price of increased risk to the borrower," cautions one real estate analyst. (Inman, 2005)

When interest rates are low, buyers may be tempted to exceed the costs of what they are likely to be able to afford in the long-term. "Lower-than-expected mortgage interest rates" pushed home sales to a fifth consecutive record in 2005, the National Association of Realtors reported to Real Estate News at the beginning of 2005. But 30-year fixed-rate mortgage rose slowly to only 6.1% in the fourth quarter, and should reach only 6.5% by the end of 2006. This means that mortgage rates are likely to remain fairly tame, and point to the long-term prospect of rates of interest on home mortgages that will be attractive and within the immediate reach of many homebuyers of modest means, despite fears that such a rosy prospect cannot last forever. Favored lender Freddie Mac reported the 30-year fixed rate dropped to 5.62%, a recent, record low for mortgage rates. (Inman, 2005)

The catalyst of change came in 1949, when the U.S. government established the "Housing Act of 1949." At this point it became a national goal to improve living standards for all American families and provide them with the opportunity to own their own home. When the act was established only 55% of American families owned their own homes. Thirty-five percent of them did
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Economic Impact of Regulation of Gambling

Words: 3091 Length: 7 Pages Document Type: Essay Paper #: 83923406

Economic Impact of Gambling

Along with "Wine, Women and Song," gambling was often considered a vice. Indeed, gambling has been a part of human civilization and culture since times immemorial. Gambling has paralleled human evolution. One can easily find instances of gambling in the ible and other historical references. Gambling can be defined as staking ones material possession for profit. In a broader definition, gambling can also be considered a pact where material profit is the ulterior motive. In modern times, perhaps incorrectly, gambling can be taken to mean any risk. As in "I 'gambled' on him (or her) doing this (or that)." For the purpose of this work, let's consider gambling in the narrow definition. Staking material possessions for profit. There are consequences to gambling. It can take forms of mild amusement. Or it can be a pathological condition. Indeed, gambling can result in injury to physical and emotional…… [Read More]

Bibliography

AmericanGaming.org. State of States: The Aga Survey of Casino Enterntainment 2002. 2002. AmericanGamingAssociation.org. Available:

http://www.americangaming.org/survey2002/ecconomic_impact/impact.html. August 23, 2003.

DeBerry, Jarvin, and Rhonda Bell. "Deadly Compulsion." Times Picayune Novermber 23, 1997: A1

Goodman, Robert. The Luck Business: The Devastating Consequences and Broken Promises of America's Gambling Explosion. New York: Free Press, 1995.
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Economics for a Product Category of Your

Words: 667 Length: 2 Pages Document Type: Essay Paper #: 34869107

Economics

For a product category of your choice show how you would segment the market. Discuss what variables you would use to segment the market and why you selected those variables. Then identify the market segment you see being the least served and discuss the possibilities of developing a product to serve that market. Then make a recommendation on if developing the product to serve that segment makes sense financially. Be sure to support your analysis with references.

The Coca-Cola Company is in the process of introducing a new drink: a pocketbook drink called Dasani Drops. These are drops carried in one's handbag that people can carry around with them in a compact way and then drop into water when that water is accessible turning the liquid into a healthy, tasty drink. The aim of the new drink is to use artificial sweeteners (that are considered healthier) and to lower…… [Read More]

Kotler, P., & Keller, KL (2006) Marketing Management. Prentice Hall,

Strom, S. (May 14, 2012) Coca-Cola Tests Sweeteners in Battle of Lower Calories

 http://www.nytimes.com/2012/05/15/business/coca-cola-to-test-new-sweeteners.html
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Economic Influences That Can Negatively

Words: 2158 Length: 7 Pages Document Type: Essay Paper #: 29976635

Why does GE finance poorly-rated airlines with its aircraft financing? GE benefits in three ways: (1) its lower cost of capital than the airlines means that it can charge a risk premium, and make more money on the airline debt, (2) it sells aircraft engines and, more critically, spare parts, which are the biggest long-term source of revenue for the company, and (3) the loans are well-collateralized. Even in a bankruptcy procedure, the airlines have relatively little recourse to the assets, and GE would be free to sell or lease the airlines to others. Other leasing companies, while they don't have GE's aircraft engine business, are able to lure tax-advantaged investors (offshore, those receiving tax credits, others) who also give them a lower cost of capital; their expertise in leasing and selling planes, as well as their leverage in pricing negotiations with the major airframe manufacturers gives them an advantage…… [Read More]

Bibliography

Business Week. "Why GE Is Keeping Loser Airlines Aloft." Business Week 7 February 2005: n.p.

Francisco, Federal Reserve Bank of San. Competition and Regulation in the Airline Industry. Economic Report. San Francisco: Federal Reserve, 2002.

Gittell, JH, Cameron, K, Lim, S and Rivas, V. "Relationships, Layoffs and Organizational REsiliance." The Journal of Applied Behavioral Science (2006): 300-329.

Mackinac. Price Elasticity of Demand. Economic. Mackinac: Mackinac Center for Public Policy, 1997.
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Economic and Political Factors That

Words: 828 Length: 3 Pages Document Type: Essay Paper #: 94052622

With Eastern European nations enticed by the financial aid and political support that the U.S. And Britain provided, it became easier for them to weaken the hold of Communism. Furthermore, because Communism and a socialist economy were still in its infancy, the effects of a proletarian-led society did not bring out the expected results among these Communist nations. In effect, primarily due to the strong political influence and economic power of the U.S. And Britain, they were able to push through their anti-Communist program, providing military support through the provision of soldiers and weaponry for nations divided between Communism and capitalism.

A deeper analysis of the economic state of the Soviet Union during the rise of Communism also helps to further understand how it eventually failed to create a new social order in the modern period. Post-war Eastern Europe was driven with poverty and scarcity of its basic resources; thus,…… [Read More]

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Economics Major League Baseball's Antitrust

Words: 1720 Length: 6 Pages Document Type: Essay Paper #: 51801969

Of course, in recent years, this power has been diluted somewhat thanks to the rise of collective bargaining. Nonetheless, the fact that for so many years baseball has been characterized as a game rather than interstate commerce worked to the benefit of the industry as a whole.

If the exemption were repealed, apparently only possible through act of Congress, players and teams could sue the league if their movements were restricted and limitations placed on their ability to conduct business for themselves (Rovell). MLB could still manage how teams and players moved, but the repeal of the exemption would eliminate their absolute control over these movements. Obviously, this would have a significant impact on the baseball industry, but would not be necessarily devastating. Other sports have persisted despite not having antitrust exemptions, so there is little reason to expect that baseball couldn't adapt as well.

orks Cited

Belth, Alex. "Ending…… [Read More]

Works Cited

Belth, Alex. "Ending Baseball's Antitrust Exemption." Baseball Prospectus. 26 Nov. 2001. 15 July 2008  http://instruct1.cit.cornell.edu/Courses/econ352jpw/readme/Baseball%20Prospectus%20-%20Ending%20Baseball%27s%20Antitrust%20Exemption.htm .

Greenberg, David. "Baseball's Con Game." Slate. 19 July 2002. 15 July 2008  http://www.slate.com/id/2068290/ .

Morrissey, Mo. "Baseball Labor Relations: Anti-Trust Exemptions & the Reserve Clause." Associated Content. 19 Oct. 2007. 15 July 2008  http://www.associatedcontent.com/article/421296/baseball_labor_relations_antitrust.html .

Rovell, Darren. "Baseball's Antitrust Exemption: Q & a." ESPN: Baseball. 6 Dec. 2007. 15 July 2008  http://espn.go.com/mlb/s/2001/1205/1290707.html .
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Business Economics the Limitations of the National

Words: 1086 Length: 3 Pages Document Type: Essay Paper #: 64908631

Business Economics

The Limitations of the National Income Accounts in How They Represent Our Standard of Living

The national income accounts have been the center piece in all matters concerning economics across the globe. These rules are a primary source of reference in determining the economic status of a given nation. It is the most preferred indicator of the rate of improvement and making comparison across nations. However, it is not the perfect indicator for the economic state due to its limitations that give a false image of the highlighted economy (McEachern, 448).

To start with, the national income accounts do not include other financial details such as the non-market productions in a given country. These include activities such as preparations in various productions. For instance, in preparing food in a restaurant, one does not include the energy used by the person preparing the food before taking it for sale.…… [Read More]

Works Cited

Gwartney, James D., Stroup, Richard L., Sobel, Russell S., & Macpherson, David A. Economics: Private and Public Choice. New York: Cengage Learning, 2008

McEachern, William A. Economics: A Contemporary Introduction. New York: Cengage Learning, 2011.

Tucker, Irvin B. Macroeconomics for Today. New York: Cengage Learning, 2010.
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History of Economics the Role

Words: 954 Length: 3 Pages Document Type: Essay Paper #: 36727662

But the home was very important for other reasons, again overshadowing the economy. Now people buy homes based on where they can find jobs, or even experience forced moves from their jobs -- this would have been unthinkable then.

A third interesting factor of early economies is the goal of self-sufficiency that individuals had. Large amounts of wealth were not really attainable, and the basic goal of the time was to have everything you needed. This was the definition of success, whereas poverty meant you were dependent on someone else, not just underprivileged. This leads to a fourth point Polanyi makes, specifically about kinship-organized societies. These groups especially tended to have little extraneous wealth, so there were very few exchanges that actually changed economic status. Such exchanges almost always marked major occasions, like proposals and/or weddings. The principles of exchange in these times were either utilitarian or symbolic, and not…… [Read More]

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Failure of Economic Policies Exploring

Words: 3002 Length: 10 Pages Document Type: Essay Paper #: 64003955

Japan was once on a stellar track to economic prosperity. The end of the twentieth century saw promising chances for the island nation's economy. In 1991, the government spending was one of the lowest the Organization for Economic Co-operation and Development (OCED) and 31.6% of the nation's GDP (Utt 2008). That same year, Japan's national income was at 86% of the U.S. gross national per capita income, a big improvement from just 20 years ago when the nation was only making 66% of the U.S. per capita income. This was an impressive feat for the nation to embark on. Yet, this was to change in the following years dramatically. During the later decade of the 1990s, the Japanese government took on the practice of vastly increasing government spending as a way to stimulate an economy that was beginning to lag. As the growth of the economy began to go stale,…… [Read More]

References

Associated Press. 2009, 'North Korea 'Panic' After Surprise Currency Revaluation,' Guardian [Online] Available at  http://www.guardian.co.uk/world/2009/dec/03/north-korea-won-currency-revaluation 

Bozyk, Pawel. 2006. Globalization and the Transformation of Foreign Economic Policy, Ashgate Publishing Ltd.

Chait, Jonathon. 2010, 'The Budget-Cutting Cycle: Delusion, Failure, Recimination,' the New Republic, [Online] Available at  http://www.tnr.com/blog/jonathan-chait/78735/the-budget-cutting-cycle-delusion-failure-recrimination 

Eberstadt, Nick. 2007, the North Korean Economy: Between Crisis and Catastrophe, Transaction Publishers.
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Analysis of Trump's Proposed Economic Policies

Words: 639 Length: 2 Pages Document Type: Essay Paper #: 84006776

macroeconomic themes that have been taught or covered in this course is economic policy and its role in determining or influencing economic growth and development. Economic policy is a subject that has attracted considerable attention in recent months because of the presidential elections in the United States. Actually, monetary policy was one of the major issues in recent presidential campaigns and elections. This issue has also been subject of several publications by different new sources because of its significance in the country's economic growth and development. Paula Dwyer wrote an article to examine the recent rise of the Dow Jones Industrial Average in the aftermath of Donald Trump's election as the U.S. President. This analysis was carried out on the premise of the impact of Trump's economic policies on different aspects of the economy. The U.S. market has shown indication of its approval of Trump's economic policies in different ways…… [Read More]

Work Cited

Dwyer, Paula. "The Hidden Meaning of Dow 20,000." Online posting. Bloomberg Businessweek. Bloomberg L.P., 22 Dec. 2016. Web. 23 Dec. 2016. .
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Accounting Economics Marginal Analysis Define Marginal Revenue

Words: 3770 Length: 13 Pages Document Type: Essay Paper #: 3755498

Accounting Economics

Marginal Analysis

Define marginal revenue.

Explain its relationship with total revenue.

Marginal Revenue (MR) is the revenue that is linked to one more additional unit of production. The demand for the product will determine whether it will be higher or lower or even the same as the previous unit of production revenue. MR can be defined therefore as the addition realized revenue to the Total Revenue (TR) by a unit increment in the sales volume of a firm in the market (Economics Concepts, 2011).

For instance if a lime factory sells 100 liters of lime at $4 per liter, the total revenue of the factory would be $400. Incase the factory increases the sales volume from 100 liters to 101 liters, then the total revenue of the factory increases to $404. The increase by $4 in the total revenue by one unit increase in rate of sales per…… [Read More]

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Antigua Socio-Political and Economic Situation

Words: 1808 Length: 6 Pages Document Type: Essay Paper #: 67897817

Though the longevity and stability of the program is in jeopardy due to reductions in revenues for the nation and an increasingly cash-strapped and debt-ridden government, if the development program continues to be carried out as planned the children of Antigua and Barbuda will be given every opportunity to lead happy and fulfilling childhoods that will prepare them for an adulthood that will contain a diversifying economy and a wide world of immeasurable opportunities.

Conclusion

There are children in the world that are far more impoverished and/or otherwise disadvantaged than are the children of Antigua and Barbuda -- children in the Caribbean and throughout Latin America that have harder lives with less opportunity, in fact. Yet many of the children of Antigua and Barbuda are still at an economic and socio-political disadvantage compared to their counterparts elsewhere, and meet the criteria for poverty established by the United Nations. Ensuring that…… [Read More]

References

Antigua-Barbuda.org. (2012). Acecssed 3 December 2012.  http://www.antigua-barbuda.org/index.htm 

Antigua Observer. (2012). New guide for measuring child poverty in the Caribbean. Accessed 3 December 2012.  http://www.antiguaobserver.com/?p=71102 

CIA. (2012). Antigua and Barbuda. World Factbook. Accessed 3 December 2012.  https://www.cia.gov/library/publications/the-world-factbook/geos/ac.html 

Foundation for the Development of Caribbean Children. (2012). Antigua & Barbuda. Accessed 3 December 2012. http://www.fdcchildren.org/index/antigua-barbuda.html
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How and Why Are Issues of Class and Status Reflected in Modern Hospitality Discuss

Words: 785 Length: 2 Pages Document Type: Essay Paper #: 16889586

Status in Hospitality

How Class and Status are Reflected in the Modern Hospitality Industry

Issues of class and status are reflected in the modern hospitality industry as this consumer-driven marketplace seeks to respond more effectively to the demands of a diverse public. Class may be defined as one's "social class [or] socio-economic class -- people having the same social or economic status." (http://www.cogsci.princeton.edu/cgi-bin/webwn?stage=1& word=class). When class is considered together with income, the resulting "socioeconomic status" (SES, or, status) is a powerful demographic indicator that factors into many decisions in the hospitality industry. The hospitality industry is unique in that it combines services with a tangible good, usually a lodging room. Issues of class and status impact on the hospitality industry by requiring the industry to respond to the customer individually, on the level of service delivery as well as product provided.

One way the hospitality industry has responded to a…… [Read More]

Bibliography

Baranowski, Shelley. (2003). An Alternative to Everyday Life? The Politics of Leisure and Tourism. Contemporary European History 12.4. 561 -- 572.

Class (n.d.) Downloaded May 18, 2004 from Wordnet, Web site: http://www.cogsci.princeton.edu/cgi-

bin/webwn?stage=1& word=class.

Harwood, A. (May 19, 2004). Eggs-Pensive: Our writer's verdict after he shells out for $1,000
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Gender & Status Relationship of

Words: 858 Length: 2 Pages Document Type: Essay Paper #: 9232786

. Health insurance is compulsory in Japan and all citizens are covered by health insurance either through an employee health insurance or through the national health insurance (Reid, 2008). In the U.., the Census Bureau reports that citizens 65 years old and older are the most health insured and that the lowest proportion of people who are not covered by health insurance are those who have higher incomes.

The relationship of status to age and gender differs in terms of country. Perhaps one plausible reason is that the difference between the two countries can be a function of other factors such as difference in culture and in value system.

References

DeNavas-Walt, C., Proctor, B.D., & mith, J.C. (2009). Income, Poverty, and Health Insurance Coverage in the United tates: 2008. Retrieved from http://www.census.gov/prod/2009pubs/p60-236.pdf

Doogue, G. (Interviewer) & Marmot, M. tatus yndrome -- How Your ocial tanding Directly Affects Your Health and…… [Read More]

Status. (n.d.) in Merriam-Webster Dictionary Online. Retrieved from  http://www.merriam-webster.com/dictionary 

The Conference Board of Canada 2009. Society: Gender Income Gap. Retrieved from  http://www.conferenceboard.ca/HCP/Details/society/gender-income-gap.aspx 

United Nations Statistics Division. Statistics and Indicators on Women and Men. Retrieved from  http://unstats.un.org/unsd/demographic/products/indwm/ww2005/tab5g.htm#fn
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Social and Economic Forces on

Words: 516 Length: 2 Pages Document Type: Essay Paper #: 75385600

Under the NHE approach, families are analyzed as households that "consume," and these 'consumables' can be both tangible (basic commodities such as food, clothing, shelter) and intangible (such as health and relaxation, among others).

All these socio-economic variables impact the family, according to the UN study (Zeitlin et. al., 1995). Examples of these impacts include the following findings: (1) "loosening social controls" -- legal controls or social norms that must be followed by members of the society -- lead men to "discontinue their support to wives and children," (2) "economic profitability" (i.e., more financial resources) for female head of the family allows other female members of the family to be economically profitable as well, and (3) increased employment opportunities for women in the family improves child welfare in general (related to finding #2). These findings demonstrate that power and conflict in the family is determined by the social forces and…… [Read More]

Reference:

Zeitlin, M., R.Megawangi, E.Kramer, N. Colletta, E. Babatunde, and D. Garman. (1995). Strengthening the family: Implications for international development. Tokyo: United Nations University Press.
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Cooperatives in Social and Economic Development in

Words: 1739 Length: 5 Pages Document Type: Essay Paper #: 31382003

Cooperatives in social and economic development in Africa

Social Economic Development

The ole of the Cooperatives in social and economic development in Africa: the case of Botswana

The ole of the Cooperatives in social and economic development in Africa: the case of Botswana

There are a number of political and socioeconomic advantages in relation to the co-operative movements in Botswana. The cooperation has been believed to be important for the people of Botswana. The cooperation as thought about by the governments can be used in order to empower the people of Botswana by providing them a variety of business opportunities and entrepreneur skills. The establishment of cooperatives was started by the African government immediately after independence. These cooperatives were established in order to make sure that the interests of the African government. These interests are highlighted in Cooperative Societies Law in accordance to which organization and promoting cooperatives is an…… [Read More]

References

Allen, T. (2000). The Right to Property in Commonwealth Constitutions Volume 11 of Cambridge Studies in International and Comparative Law. Cambridge University Press.

Denbow, R.J., and Thebe, C.P. (2006). Culture And Customs of Botswana, Culture and Customs of Africa. Greenwood Publishing Group.

Firestone, M., and Karlin, A. (2010). Botswana & Namibia, Lonely Planet Botswana and Namibia, Multi-Country Guide Series, Lonely Planet. Edition 2. Lonely Planet.

Gujadhur, T. (2000). Organisations and Their Approaches in Community-Based Natural Resources Management in Botswana, Namibia, Zambia and Zimbabwe, Issue 1 of CBNRM Support Program occasional paper. IUCN.
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Women and Econ Develop Sometimes

Words: 994 Length: 3 Pages Document Type: Essay Paper #: 38821183

The women's work, therefore, continues to be arduous and tedious, potential productivity, unrealized and quality of life is substandard. According to Jehan, for example, solutions to bettering this situation include enhancing data on women's economic participation and increasing the proportion of women in education, rural incomes and productivity.

In India, for instance, a number of economic initiatives have been undertaken in regard to the role and status of women. These include the economic exposure and access to Meerut Seva Samaj (MSS), an entrepreneurship program that allows women to engage in home-based work. This allows them to continue to fulfill their domestic responsibilities at the same time as helping to financially support their family. Financial institutions, companies, and NGOs are discovering the impact that can be made by extending different forms of entrepreneurial assistance to women startup businesses, such as micro-credit, or small loans, Meerut Seva Samaj demonstrates the way that…… [Read More]

References

Jehan, Qamar "Role of women in economic development in Pakistan." PhD thesis, 2000

University of Balochistan, Quetta. 10/25/08 http://eprints.hec.gov.pk/442/

Nanu-Fabu, Stella. "An analysis of economic status of women in Cameroon." Journal of International Women's Studies 8.1(2006):148-162.

Roy, K.C., Tisdell, C.A., Blomqvist, H.C. Economic Development and Women in the World Community, Praeger, London, 1996
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What Are the Arguments Made Economic Race Culture That Shaped the Denominations

Words: 837 Length: 3 Pages Document Type: Essay Paper #: 85048040

Theology

The Social Sources of Denominations

Richard Niebuhr's primary argument in his work "The Social… [Read More]

Bibliography

H. Richard Niebuhr. The Social Sources of Denominationalism (New York: Henry Holt and Company, 1929).

Starks, MDavis. Chapter 14, Religion. Retrieved October 1, 2003, at http://www.blinn.edu/socialscience/MDavis/Starks%20chapter%2014.ppt

Religion. Retrieved October 1, 2003, at  http://www.gospelcom.net/cqod/cqod9705.htm#q970528 

H. Richard Niebuhr. The Social Sources of Denominationalism (New York: Henry Holt and Company, 1929). 25
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Factors Considered When Improving a Community S Health Status

Words: 2474 Length: 8 Pages Document Type: Essay Paper #: 44813446

Population Health Promotion Model

ationale for your choice

The Population Health Promotion Model is one of the essential models when it comes to promotion of community health. The Population Health Promotion Model works to promote the essence of community health through the involvement of many sectors derived from the environment. Many factors are variables in treating matters of health in any society. These variables are the ones to be manipulated to arrive at a situation where everything done been categorized under a procedural and complete health reform structures. The manipulation of the different variables contained within the Population Health Promotion Model is essential in shaking up or causing an impact on the state of community health and its paradigms in the society (In Zaccagnini & White, 2014).

The choice of Population Health Promotion Model is with some supporting reasons. The Population Health Promotion Model involves the use of different factors…… [Read More]

References

Brunner, L. S., & Smeltzer, S. C. O. C. (2010). Brunner & Suddarth's Textbook Of Medical-Surgical Nursing. Philadelphia: Wolters Kluwer Health/Lippincott Williams & Wilkins.

Diem, E. C., & Moyer, A. (2015). Community And Public Health Nursing: Learning to Make a Difference Through Teamwork. Harvard University Press, Harvard.

In Zaccagnini, M. E., & In White, K. W. (2014). The Doctor of Nursing Practice Essentials: A New Model for Advanced Practice Nursing. Willey Interscience.

Thompson, V. D. (2016). Health And Health Care Delivery In Canada. Centage Publishers.
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Republic 1787-1848 Racial Economic and

Words: 1655 Length: 5 Pages Document Type: Essay Paper #: 90235398



Still, many prospered -- visitors such as Alexis de Tocqueville from France marveled at American's drive to acquire wealth, American faith and sociability, as well as the profound racial divisions that characterized American society. American society was poised in continual paradoxes -- religious yet money-hungry, disdainful of social hierarchies yet dependant upon oppressing or disenfranchising races to secure advancement of poorer whites. America was also land-hungry in a way that put it into conflict with its neighbor Mexico, despite its insistence upon being against colonialism, having been born of resistance to colonial Britain. This resulted in the Mexican-American ar and the eventual incorporation of Texas into the Union.

Texas and the est itself is still another paradox of the American experiment. For those unable to become wealthy through capitalism, striking out on one's own in the west seemed a better alternative to the increasingly civilized and also socially entrenched east.…… [Read More]

Works Cited

Wilentz, Sean; Jonathan Earle; Thomas G. Paterson. Major Problems in the Early Republic,

1787-1848, 2nd Edition. Wadsworth, 2008.
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Economic Indicators

Words: 541 Length: 2 Pages Document Type: Essay Paper #: 48234739

economic indicators: housing starts and personal income. A brief definition is given of each, as well as the current state. In addition, historic charts are presented with data for both indicators.

Economic Indicators

Define housing start economic indicator. Describe its current status. In addition, present a separate graph illustrating the historic trend for housing starts.

US Housing starts figures are reflective of the number of residential units, on which construction is began, for a specific time period. These starts are reported by the Bureau of the Census around the 16th of each month. Economists forecast housing starts by using the current month's permits to predict starts. Typically, building permits run in tandem with building starts. Housing starts are considered to be a leading indicator of the economy ("Housing starts," 2000).

A drop in mortgage rates is often followed by an increase in building permits and then starts. During turning points…… [Read More]

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Status of Australia's External Position We Should

Words: 539 Length: 2 Pages Document Type: Essay Paper #: 97206829

status of Australia's external position, we should first briefly explain the sign conventions, as they are presented in the explanatory notes 3 to 5. As such, International investment position statistics follow the sign convention used in the balance of payment: for foreign assets, "position data and any transaction increase or other flow increase in assets is shown with a negative sign." This is why all the positions noted as Australian investment abroad are marked with a negative sign, so as to show a cash flow leaving the country.

At the end of the analyzed period (September Quarter 2003), the total Australian investment abroad amounted for $477,188 million, an increase of almost $14,000 million from the beginning of the period (around 3%). The main components of the investment abroad are direct forms of investment (such as equity capital and reinvested earnings) and portfolio investment assets, these two forms of investment accounting…… [Read More]

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Economic Decision Making Economic Decisions Are First

Words: 677 Length: 2 Pages Document Type: Essay Paper #: 22837485

Economic Decision Making

Economic decisions are first and foremost influenced by the dividends an individual stands to lose or gain with the choices they make. Because economics are the basis of individual well-being, people must prioritize time and spending, weigh the intensity of wants against the implications of needs, and carefully consider disruptions to earning potential as this most directly impacts each of the aforementioned categories. As detailed by N. Gregory Mankiw, the four basic principles of economic decision making include that all individuals face trade-offs; In order to make gains, some commodity or quality is often lost -- the most common loss includes the trading of money for goods. Next, Mankiw exerts that the cost of something is what you give up to get it, implying that all gains come at a price that extends beyond their monetary value to include time and effort spent. Third, Mankiw explains that…… [Read More]

Works Cited

Gregory, N. (2008). Principles of macroeconomics. South-Western Pub. 5-13
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Economic Futures Facing Larson Inc

Words: 1032 Length: 3 Pages Document Type: Essay Paper #: 41960187



It is worth noting that two economic consequences are likely to occur, particularly in the event of a V-shaped recovery. The first is that the Federal Reserve is going to wait to increase rates until the last possible moment, in the hopes of spurring greater investment and therefore job growth. This means that inflation is expected at some point this year. This inflation means that factor inputs will increase in cost. Larson can gain advantage over competitors if it can hold its wholesale cost stable in the face of an increase in the cost of factor inputs, since competitors may be forced to increase their prices. Careful control over its cost structure will allow Larson to do this while maintaining profitability.

Another potential economic consequence is a decline in the value of the Euro. Normally, Larson exporting products from America to Germany would be fairly easy given Germany's current account…… [Read More]

Works Cited:

CNN. (2010). Battle for downtown Bangkok hits economy. CNN. Retrieved May 15, 2010 from http://edition.cnn.com/2010/Business/05/14/battle.bangkok.economy/index.html?hpt=T1

Kirschbaum, E. (2010). Euro in danger of becoming unstable. Reuters. Retrieved May 15, 2010 from  http://www.reuters.com/article/idUSTRE6150N020100206 

Federal Reserve Bank of New York. (2010). Federal funds data. Federal Reserve Bank of New York. Retrieved May 15, 2010 from  http://www.newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm 

BEA (2010). Personal income and outlays, March 2010. Bureau of Economic Analysis. Retrieved May 15, 2010 from  http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
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Economic Society Societies With Successful Economic Structures

Words: 894 Length: 3 Pages Document Type: Essay Paper #: 3643107

Economic Society

Societies with successful economic structures have been difficult to find throughout the development of history. From economic downfalls, to societal dismantlement, human beings have bared the worse of the worse, but have prevailed to demonstrate the reality of the term, "survival of the fittest." Some societies though, have consistently been able to survive successfully, and throughout this paper, the societal type that offers the most preferable economic structure for human beings will be examined. From historical texts and archaeological discoveries, it is the Hunter-Gatherer society that provides the best and most sufficient economy for human beings. Their arrangement, lack of or very little hierarchical structure, and their genuine concern for the well being of everyone in their society, makes them among the top rated societies from which an economy could thrive.

What makes hunter-gatherer's economy thrive is their dependency and reliability on each other for almost everything. Their…… [Read More]

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Economic Basics - Terms and Concepts

Words: 1971 Length: 5 Pages Document Type: Essay Paper #: 14856368

Firm, Labor Markets, and Imperfect Information

Economics

Perfect Competition and Monopolistic Competition

A perfectly competitive market does not have barriers to entry or exit and is characterized by many producers and many consumers, all of whom are price takers -- a term that means the suppliers and the buyers cannot effect the price as they do not have market power ("Competitive Markets," 2014). Monopolistic competitive markets are do have some barriers to entry and exit. Consumers can find substitutes for all of the goods in a competitive market, whereas high product differentiation is seen in a monopolistic competitive market ("Competitive Markets," 2014). Indeed, one of the reasons that a firm can achieve a monopoly for a product is that the business has been successful in its efforts to differentiate a product, as perceived by its customers. The ability of a business to make profits in the long-run is referred to…… [Read More]

References

Blanding, M. (2014, August 11). The business of behavioral economics. HBS Working Knowledge. Cambridge, MA: Harvard Business Review. Retreived from  http://www.forbes.com/sites/hbsworkingknowledge/2014/08/11/the-business-of-behavioral-economics/ 

Cardon, J.H., and Hendel, I. (2001). Asymmetric information in health insurance: evidence from the National Medical Expenditure Survey. Rand Journal of Economics, 32 (3), 408 -- 427. JSTOR 2696362. Retreived from  http://www.jstor.org/discover/10.1086/262111?uid=3739920&uid=2&uid=4&uid=3739256&sid=21105862412373 

Chiappori, P.A., and Salanie, B. (2000). Testing for asymmetric information in insurance markets. Journal of Political Economy, 108(1), 56 -- 78. doi:10.1086/262111. Retrieved from