Unemployment and inflation are two intricately linked economic concepts. Over the years there have been a number of economists trying to interpret the relationship between the concepts of inflation and unemployment. There are two possible explanations of this relationship – one in the short term and another in the long term. In the short term there is an inverse correlation between the two. As per this relation‚ when the unemployment is on the higher side‚ inflation is on the lower side and the inverse
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Summary This report focuses on one of the central problem of our country unemployment. When unemployment is high‚ resources are wasted and people’s incomes are depressed; during such periods‚ economics distress also spills over to affect people’s emotions and family lives. The socio economics system of Pakistan and institutions has failed to provide employment to the increasing labor force. Furthermore‚ our report consists of effect of unemployment on economic growth also its causes and major
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Institution: Inflation is the rise in general prices of goods and services over a specific period of time. Unemployment is a state where people are able and willing to work at the ongoing market prices of labour but they are unable to secure a job. According to the Phillips curve‚ there is a consistent relationship between inflation and unemployment (Nevile‚ J. W. 1981‚ pg 3). When the rate of unemployment is low‚ the level of inflation is high and when the level of employment is high‚ inflation level is
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"Unemployment and Inflation" Please respond to the following: • Predict whether the years following the next presidential election will bring us inflation‚ deflation‚ or relatively stable prices. Provide support for your response. I believe the prices will relatively remain stable‚ but overtime there will be inflation‚ and this is to pay for government funded programs and to pay for the offset costs associated with new laws and regulations governing healthcare. With the current fiscal cliff
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Inflation in India There is hardly a thing or commodity whose price has not gone up in the recent times. Rise in prices has become a common feature in India and the people are reconciled to this fact. Rise in prices is called inflation. There are various factors that contribute to this rise in prices. Some are natural factors like unfavorable weather conditions which affect the food production and lead to the shortage of commodities in the market. With more money chasing fewer goods‚ the prices
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Tourism Tourism is the act of travel for the purpose of recreation and business‚ and the provision of services for this act. Tourists are persons who are "travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure‚ business and other purposes not related to the exercise of an activity remunerated from within the place visited" (official UNWTO definition). A more comprehensive definition would be that tourism is a service industry. Many
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aims to describe the tourism policy and strategies in national and state contexts‚ to determine the inherent direction and prospects or potential in the tourism development of Kuala Lumpur as a tourist-friendly destination. The results show that some aspects need to be emphasized and have similarities in each of policies and strategies at the national and state level. This shows that policies made at national level could be followed at state level‚ so that each line of tourism development planning
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IN PRESS Tourism Management 27 (2006) 1373–1385 www.elsevier.com/locate/tourman The role of community involvement and number/type of visitors on tourism impacts: A controlled comparison of Annapurna‚ Nepal and Northwest Yunnan‚ China$ Gyan P. Nyaupanea‚Â Duarte B. Moraisb‚ Lorraine Dowlerc a Tourism Development and Management‚ School of Community Resources and Development‚ Arizona State University‚ P.O. Box 874703‚ Tempe‚ AZ 85287‚ USA b Recreation‚ Park‚ and Tourism Management‚
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Impact of Tourism: An Economic Analysis Executive Summary The main purpose of this report is to show the importance and the role of the indirect economic effects of tourism on growth and GDP‚ employment and foreign trade. Tourism’s role in the economy is often perceived as being limited to the hospitality industry (cafes‚ hotels and restaurants) and outbound and inbound travel agencies and carriers‚ which form the leading service sector in many countries. However‚ the economic impact of tourism is much
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Sport and Adventure Tourism Simon Hudson‚ PhD Editor The Haworth Hospitality Press® An Imprint of The Haworth Press‚ Inc. New York • London • Oxford © 2003 by The Haworth Hospitality Press‚ an imprint of The Haworth Press‚ Inc. All rights reserved. No part of this work may be reproduced or utilized in any form or by any means‚ electronic or mechanical‚ including photocopying‚ microfilm‚ and recording‚ or by any information storage and retrieval system‚ without permission in writing from
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