Explain possible economic reasons for changes in the level and distribution of government expenditure. The government spends money for a variety of reasons. Firstly‚ to supply goods and services that the private sector would fail to do‚ such as public goods‚ including defence‚ roads and bridges‚ they also spend money to improve supply side policies such as education and training to improve labour productivity. Government spending is also spent on things like subsidies used to help companies financially
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Science and Technology as Engines of Economic Growth and Development Maydene A Huie Western Governors University Social Consequences of the Industrial Revolution The Industrial Revolution brought many changes to western civilization. Two of the most significant social consequences of the Industrial Revolution are urban crowding and worker safety. Migration of workers to urban areas‚ where factory work was available‚ was a major contributor of over-crowding in these areas.
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Social and spatial isolation has caused negative consequences for minorities. Some negative consequences include no sense of responsibility‚ despair ‚ and development of ways to cope with social and spatial isolation. This isolation from non whites is called white habitus which is defined as a racialized‚ uninterrupted socialization process that conditions and creates whites’ racial taste‚ perceptions‚ feelings‚ and emotions and their views on racial matters (p. 152). White habitus lead to negative
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European economic and political expansion in Southeast Asia in the last quarter of the 20th century resulted in the greater integration of the region into the international economy. Six ‘new’ states emerged – Indonesia‚ Malaya‚ Burma‚ the Philippines‚ Indochina and Thailand. Discuss economic and social change in the region with reference to ONE Southeast Asian state. Economic and social change within Indonesia Introduction After over a quarter century of sustained economic growth‚
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An inevitable consequence of economic growth is increasing inequality. Do you agree or disagree with the assertion? In the world we live in today‚ it is quite obvious to see that inequality is a growing consequence of economic growth. In this essay I will discuss how inequality affects states and the individuals living in the state. There are increased demands for educated workers; dependence of technology; privatization of markets; and the rise of capitalism which have led people to have drastic
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Comparison of Basic Economic Indicators of BRIC Nations Abstract In economics‚ BRIC is a grouping acronym that refers to the countries of Brazil‚ Russia‚ India and China‚ which are all deemed to be at a similar stage of newly advanced economic development. It is typically rendered as "the BRICs" or "the BRIC countries" or "the BRIC economies" or alternatively as the "Big Four". Table of Content 1. Introduction 4 2. Statistics 5 3. Economic Indicators 6 3.1 GDP 6 3.2 Inflation 7 3.3 Deficits
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Foundation of Business 1. Why nations are economically weak or strong: a. Dependency theory: economically strong nations exploit the resources and labor of weaker nations through trade i. However‚ economically stronger nations invest more in each other b. Natural resources: whether or not a nation has an abundant supply of resources is another thought i. However‚ Japan as little resources c. Education and technology: economically stronger nations have better schools and implement
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C17B- SERVICE MARKETING * Explain the role of service industry in economic development of a nation Service sector is the lifeline for the social economic growth of a country. It is today the largest and fastest growing sector globally contributing more to the global output and employing more people than any other sector. The real reason for the growth of the service sector is due to the increase in urbanization‚ privatization and more demand for intermediate and final consumer services
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Europe into two religious groups: Protestants and Catholics. The reasons behind the Reformation movement included political‚ economical‚ social‚ and religious differences. In the beginning of the sixteenth century‚ Western Europe had one major religion‚ that of Roman Catholicism. The Catholic Church was wealthy‚ powerful‚ and had maintained a tight reign on Europe’s traditional society. Gradually‚ however‚ there developed political and social problems within the Church. The common people criticized the
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The document‚ a book titled ‘The Economic Consequences of the Peace‚ 1920’ was published by writer and English economist‚ John Maynard Keynes. The title of the book itself briefly indicates the topic that Keynes had decided to write about in great detail and provides the reader with a general understanding of the topic which Keynes covers in his book. Keynes covers a broad range of points in this book‚ with the text briefly outlining points such as an explanation about his views and opinions on Treaty
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