Economic efficiency

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in residential areas. These structure changes included tenements, which were sufficient in giving more spaces to people and more businesses the in central city areas. The capability of local government also became wider as there was an increase efficiency in urban public transportation, which included the railroads and the cable cars; these gave an ease of transportation to the public, especially for the people who went back and forth to the suburban area. 2. Was the urban machine a…

Cyclical changes in economic activity may lead to changes in this demand for labour, any drop in consumption, investment or export demand may add to cyclical unemployment. Unemployment generally starts to rise when growth is below 3%, with growth currently slowing “we continue…

lowest taxes in the midwest, then businesses would be incentivized to relocate to Kansas, and businesses within Kansas, with the extra revenue that they traditionally gave to the state, would be able to hire and expand. Supply-side economics typically argues that economic growth can be most effectively created by investing in capital and by lowering barriers on the production of goods and services. The lower the tax rates, the more consumers would supposedly benefit…

The Best Market Structure to Trade a Business With A market structure can be defined as the nature of competition in the market for goods and services. In a market structure, the nature of goods and services is determined by competition. There are four types of market structure, which include perfect competition, oligopoly, monopoly, and monopolistic competition. A proper use of product promotion methods, following a well business ideas, as well as good use of business strategy leads to a good…

Economist Adam Smith, author of The Wealth of Nations, was perhaps the first major figure in history to present and promote the idea of free trade. Smith is often times called the father of modern economics, credited for his writing involving laissez-faire and the idea of the "invisible-hand." (Adam Smith). In The Wealth of Nations, Smith states, "very good grapes can be raised in Scotland, and very good wine too can be made of them at about thirty…

“The Trade-off Economy - A New Cheerful Side to the Dismal Science” by Lawrence Summers delves into the economic concept of trade-offs. Summers explains how society is jammed and bombarded with economic trade-offs. “Guns vs. butter, public vs. private, efficiency vs. equity, environmental protection vs. economic growth, consumption vs. investment, inflation vs. unemployment, [and] quality vs. quantity…” (Summers) are a few of the trade-offs Summers challenges. He explains how not every decision…

I. The impact of economic globalization on China 's foreign policy and foreign policy: economic globalization is the profound background and fundamental trend of the development and change of the world today. To correctly understand and properly cope with globalization is not only conducive to the promotion of scientific development, harmonious development and peaceful development, but also conducive to promoting the transformation of the international system, the construction of a harmonious…

must fight for their places in the organizations. There are several means that the employment relationship has been evolving throughout the years. Nowadays, the employment relationship has shifted from humaneness and respect towards focus on cost efficiency. Due to the financial crisis, the first transaction in organizational change is structural, many multinational firms have been downsizing and restructuring. With less manpower, the remaining staffs have to double, sometimes even triple their…

causes to the problem, by applying the “why” as suggested by Oakes (2009) at each stage until a common problem is identifying as the absence of a specific “Economic Development or Planning Act” similar to other countries and state such as the Mauritius Planning and Development Act, Singapore Planning Act and Economic Development Board Act, Texas Economic Development Act, Hawaii State Planning Act, and others that should mandated the existing role and functions of the Department of Strategic…