Economic disparity‚ also known as income inequality‚ comprises all the inequalities in distribution of assets and income. Some economists affirm that the gap between rich and poor is the result of a well-functioning economy. In addition‚ studies have considered inequality something necessary and beneficial (Garret). Nevertheless‚ equality has shown to promote consumer spending and prosperity (Inequality: Recent Trends in China). However‚ governments cannot seem to decide on the morality and utility
Premium Economic inequality Lorenz curve Gini coefficient
BSB 113 Economics Semester 2 2011 Assessment 2: Research Summary Submission date: Friday 23rd September Name: Michael Andrew Smith Lecturer: Louisa Coglan Tutor Name: Wasantha Athukorala Student Number: N7408625 Word Count: 1086 Introduction The purpose of this research report is to provide an overview of China’s economic growth in relation to the long term economic growth drivers. Critical assessment will be made on the growth drivers to determine whether they lead to long
Premium Economic growth Economics Macroeconomics
Economic Impact on the London 2012 Olympic Games 2011 Economic Impact on the London 2012 Olympic Games 2011 Table of Contents 1. Executive Summary…………………………………………………3 2. Introduction …………………………………………………………4 3. Analyze the economic environment of London 2012 Olympic Games-PESTLE Analyze………………………………..5 4.1 Political Factors………………………………………………...5 4.2 Economic Factors………………………………………………6 4.3 Social Factors…………………………………………………
Premium Olympic Games Summer Olympic Games 2012 Summer Olympics
submission in the course of Economics semester IV of B.A.‚LL.B. (Hons.) Program and commend that it be sent for evaluation. Date: _________________________ Mr. RITESH SHAH Nirma University‚ Ahmedabad. DECLARATION I declare that the research article: "SMALL SCALE INDUSTRIES"‚ being submitted to Institute of Law‚ Nirma University for the project in the subject of “ECONOMICS” is original and the text reported
Premium Industry
Economic Utility Student BUS 640: Managerial Economics Professor Date Economic Utility People have long made condescending declarations that theories do not have any practical application to real world problems. But‚ the problem with people who make comments such as those is that they have not learned how to properly use theories to aid in breaking down real world processes. Profitable solutions usually require that people understand how the real world functions‚ which is often far too
Premium Economics Supply and demand Microeconomics
business will be also explored. Thereby asking‚ what are the benefits of putting the business within the Chinese business environment? As such‚ market entry decisions are a multi-approach that requires careful consideration of the firm seeking to widen economies of scope and reach. Zara should take note‚ however‚ that market entry decisions depend on the resources and the ability to sustain the competitive edge. In this study‚ different market entry strategies and its drivers‚ nature and dynamics
Premium Economics Inditex Vertical integration
this internal assessment is to: * Analyze the contribution of JPS to the Jamaican economy * Determine the strategies used by JPS in their service delivery to meet consumer demand * Identify and evaluate the type of market structure in which JPS operates Introduction The Jamaica Public Service (JPS) is considered as the sole distributor of electricity in Jamaica. It has inherited a tradition dating back to 1892 when Jamaica first received electricity. This as a result placed Jamaica
Free Economics Perfect competition Electricity generation
analysis • Obstacles to national income measurement • Circular flow of income (two sector economy) 3. Macroeconomic theories • Classical economics: ideologies • Keynesian economics: ideologies • Monetarism: ideologies • New Classical economics: ideologies 4. Unemployment • Types of unemployment • Unemployment in Nigeria • Policy measures towards reducing unemployment 5. Inflation
Free Gross domestic product Economics Macroeconomics
Production Possibilities Frontier o The Economic Problem of Scarcity o Choice o Opportunity Cost Production o Introduction to Production o The Factors of Production The Production Possibilities Frontier o Introduction to Production Possibilities Frontier (PPF) o Assumptions of the Production Possibilities Frontier o Characteristics of the Production Possibilities Frontier(Summary) The Economic Problem of Scarcity The fundamental problem of economics is that we have unlimited wants‚ but
Premium Economics
instability and upheaval (Edward S‚ 1989). It is convenient to devalue the domestic currency following the existence of price stickiness (Hevia C & Nicolini J‚P 2009).Countries can devalue their currencies if they have no other way to correct past economic mistakes‚ whether their own or mistakes done by predecessors‚ sometimes they can be forced to devalue their currencies due to ominous trade deficits like Thailand‚ Mexico‚ Czech Republic where they devalued strongly‚ willingly or unwillingly after
Premium Inflation International economics Foreign exchange market