Gross margin

comfort that a group of people in a certain geographic area experience by promoting economic growth. The standard of living takes into account many factors, some being; income gap, unemployment rate, poverty level, inflation rate, and gross domestic product. Gross domestic product or GDP is the sum of a country’s consumption, investment, government spending, and net exports. The most common measurement of a country’s standard of living is the average real GDP per capita which breaks down the…

The rapid growth of urban areas in developing countries is causing a large debate on whether it is overall beneficial or harmful to the countries and societies that they are located in. In 2000 two billion people in the developing world lived in cities, by 2030 it is expected to be around five billion. The cities that are growing the fastest are located in Asia and Africa. The question of whether this is a positive impact is rooted in how it will affect the poverty level. There is mass poverty…

factors that contribute to economic growth. What is economic growth? Economic growth is defined as “increases in per capita real gross domestic product measured by its rate of change per year” (Miller, R.) It is a term “associated with economic progress and advancement” (5 Factors that Affect the Economic Growth of a Country.). Economic growth is the percentage of gross national product…

Gross Domestic Product (GDP) The Gross Domestic Product (GDP) is the market value of all final goods and services produces within a country in a given period of time (Mankiw,2015). It looks at how the economy is doing. Author N. Gregory Mankiw uses an example of judging a person by seeing how a person lives. What kind of home he/she has, how much money is he/she making? This is similar to what GDP does for the economy. It judges how well the economy is doing. GDP is divided into four…

Should We Move To Jamaica? Jamaica the third largest island in the Caribbean Sea, best known for its’ food, music, culture, plants, and not to mention the benefits of tourism. Slavery here was abolished on August 1st, 1834. Its population as of 2015 was 2,950,210 with a population growth of .68%. Will it be able to help with the expansion of a new company? PEST Analysis of Jamaica Political Jamaica’s government includes a parliament system based off the UK’s with Queen Elizabeth II as chief…

In recent decades income inequality has become an emergent epidemic, specifically for countries experiencing rapid economic growth. Since the Mao era, China has grown increasingly susceptible to this problem as it has developed to become the second largest economy in the world. To further contextualize China’s economic growth, Wang Jisi explains, “As recently as 2001, China’s total GDP was only 12.8% of U.S GDP. In 2011, China’s GDP reached $7.3 trillion, amounting to 48.5% of U.S. GDP”…

Cuba, on the other hand, is a communist dictatorship. The Castro brothers took power in 1959, and implemented a communist regime. Throughout the beginning of the regime, Cuba was supported economically by the Soviet union, which enabled them to prosper (Prieto). Since Fidel Castro’s death on November 25th, many people have been both celebrating his death while examining the brutality of the regime and reflecting on the good that it has done for social programs. Dom Phillips and Joshua Partlow of…

Economic Globalization and Poverty: A Case Study in Nigeria. When Nigeria attained independence, more than 70 percent of its GDP came from agriculture and non-oil sectors of the economy. However, shortly after independence, Shell Petroleum discovered oil for the first time in a viable quantity in Nigeria. A decade later, petroleum products supplanted agriculture as the mainstay of Nigeria’s economy. In 2006, more than 80 percent of Nigeria’s revenue and expenditure were derived from proceeds…

The American Healthcare System is a jumbled mess of privatization, bureaucracy, corruption, and greed. It’s rare to find an individual of the U.S who is actually a fan of the current system in place, so it gets you wondering why haven’t we changed it yet? Well, the answer is not as straightforward as one might think. In Michael Moore’s 2007 documentary, “Sicko”, Moore attempts to expose the root problems that plague our system, and while I truly do agree with his opinions, I must say out of…

The main point is about to explain that China and India economic growth are likely to fall sharply, as Lant Pritchett and Larry Summer stated that China and India have been growing super-rapid and has already lasted three times longer than the general episode. This was observed with regard to Japan in 1960s, and it is seen today with regard to China and India. Moreover, the paper point out that to evaluate the growth prospects of an economy is not to look at its past but rather as economies in…