Economics: Government Economic Policy A policy refers to any rule or principle used in guiding decision making and achieving rational results. The intended goals to be achieved by a policy widely vary with the organization and the context to which it was made. Policies are basically made to prevent negative effects noticed in an organization or promote positive benefits. Government economic policy refers to the actions that a government takes to influence its economy. The economic policy covers the
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Editorial Inflation‚ Employment and Money by Fred E. Foldvary‚ Senior Editor The economy of the United States is booming‚ and wages are starting to rise. Many economists fear that wage increases will push prices up‚ and that this inflation should be stopped. The way inflation is typically dealt with is to raise interest rates to reduce investment‚ slow down the growth of the economy‚ and so hold down that nasty inflation. If that reduces
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INFLATION - ITS CAUSES and ITS EFFECTS ON VARIOUS SECTORS ON INDIA - September 2nd‚ 2010 WHAT IS INFLATION Defination: Inflation is defined as the rate at which the general level of prices for goods and services is rising and subsequently purchasing power is falling Measures of Inflation Inflation is measured by calculating the percentage rate of change of a price index‚ which is called the inflation rate. Consumer price indices Cost of living indices Producer price indices
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Roles and Levels of Government Regional Government The regional government takes place in Wales – Cardiff‚ Scotland- Edinburgh‚ England – Westminster and Northern Ireland – Stormont. Each and every one of these have their own assembly‚ parliament and have their very own elected MP’s‚ for example‚ MPs‚ Scotland. The regional government run important services for each geographical area health‚ education‚ housing and environment. In addition‚ they can make laws and raise taxes‚ for example‚ smoking
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BANKING’S ROLE IN CONTROLLING INFLATION ABSTRACT Inflation has become a fact of life in nearly all countries‚ but it is a very serious problem in the developing countries. As far as commercial banking is concerned‚ it erodes the value of the depositor’s savings as well as that of the bank’s loans. Yet the banking system does not seem to specifically address this problem. This paper makes an attempt at finding a way of compensating for the loss suffered by capital due to inflation. Identifies
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The current and expected government policies and regulations including taxes and regulations in place to address issues related to externalities. Traditionally the government policies towards the environment and taxes‚ has control measures for regulation and legislation. Through your government‚ the policies are designed to achieve more efficient use of the resources that are made available to the consumers. To promote a substitution between the resources that is present and provides an incentive
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Background – Changes in the last 10 yrs Since 1997 central government has been pursuing an agenda of local government modernisation designed to tackle some of the fundamental public service‚ governance and accountability concerns facing local authorities and the public sector more widely. From CCT to Best Value‚ one of the biggest changes has been in performance management and the rating of authorities in relation to the CPA regime and the drive for continuous improvement and value for money. This
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Market failure and Government policies A case in which prices are unable to adequately adjust to reflect changes in supply or demand. Market failure may occur due to unexpected disruptive events such as wars or natural disaster‚ or due to economic barriers such as trade restriction or monopolies. Market failure occurs when freely-functioning markets‚ fail to deliver an efficient allocation of resources. The result is a loss of economic and social welfare. Market failure exists when the competitive
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Philippine Government Policies on the 8MDGs Introduction A pledge the Philippines made along with 193 United Nations member states and at least 23 international organizations have come a long way in achieving the eight Millennium Development Goals (MDGs) by 2015. The MDGs have been adopted not just as top priority goals but as commitments to ensure a brighter prospect for all Filipinos‚ especially the poor. We have witnessed since the establishment of the MDG in 2000 the national and local
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What is inflation? Measurement of Inflation Causes and theories of inflation Types of inflation Effects of inflation Fiscal policy Monetary policy Last two years in India Issues:- 1-Inflation in different sectors Factors- 1-supply constraints 2- demand pressures 3- domestic factors Effects of inflation- Control measures adopted in India Conclusion (with future perspective) Inflation A persistent rise in prices in an economy over a period of time is referred to as inflation. Inflation
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