Economic interventionism

never supposed to be a number for identification. Just the same, GDP is being used for a purpose other than what it was designed for. It was not to be an indicator of economic welfare but that is how it is used today, not only in the US but in countries around the globe. At first glance it may seem like a good way to sum up the economic welfare of a country, but upon digging a little deeper some problems are uncovered.…

prices of such inputs through devaluation, would raise industrial costs and reduce the intensity of capacity utilisation. Therefore, it should be avoided as a resort to deficit financing. Devaluation with its implications will cause a contraction in economic activity and consequently slide in income tax receipts will raise the burden of Bangladesh's foreign debt overnight. It cannot stop smuggling as long as black-market transactions in foreign exchange continue. Devaluing Bangladesh Taka…

China division can skip international division to report directly to headquarters, which make the division have strong autonomy with localization. Decentralization helps local managers of Haagen-Dazs China gain effective local knowledge making accurate and sensible decisions. Regarding the horizontal differentiation, since Haagen-Dazs focus on promotion of the product, which means its degree of diversification is relative low and with the fact that it calls for a high degree of local…

| | |The U.S. Macroeconomy State. | | | |…

deficits are important because deficits A) cause bank failures. B) always cause interest rates to fall. C) can result in higher rates of monetary growth. D) always cause prices to fall. Answer: C Ques Status: Previous Edition 25) What happens to economic growth and unemployment during a business cycle recession? What is the relationship between the money growth rate and a business cycle recession? Answer: During a recession, output declines and unemployment increases. Prior to every…

Indonesia.Trade flourished from 1000 - 1500 for several reasons, the sudden rise of islam in the seventh century and the revival of China. The Abbasid Caliphate allowed a more centralized political system whereas the Chinese revival lead to a better economic system which ultimately means more money for trading and ship building. Another new addition that added to the success of Indian Ocean trade was the monsoon winds. People were able to predict the right weathers to sail in making trade easier…

Since the economy started to pick up in the second half of 2009, the logistic sector has made an impressive comeback and also its long-term growth prospects remain good. Logistics is dependent on business with the manufacturing sector, and is benefiting from the recent significant increase in demand for shipping by industrial clients. According to DB Research, over the next ten years the logistic sector can expect to post nominal growth of around 4% per year. The World Bank’s biennial Logistics…

Road to Serfdom, Hayek seeks to convince the British people that socialism can lead their country to the end of Fascism, which is not a particular product of the wicked Germany. Without using mathematical economic model, Hayek consciously delineates the intuitive proceedings from ‘good economic plans’ to the ‘bad national socialism’ , and indicates the truth that Marxism had led to Fascism, which in all essentials, it is Fascism and National Socialism. Hayek believes that socialism, except the…

activists, and leaders of the many communities despise fracking due to the fact that it wastes natural, non-renewable resources and only establishes temporarily occupations. As a result, the article is a very controversial topic that has political economic and ecology as examples to further the…

The idea of selection, insufficiency and opportunity cost is what economics is composed of. If we have to give up one good in order to acquire another, then the good is scarce. However, we can only make choices if they are available to us and the price of any choice is the worth of the most ideal alternative that has to be foregone and in economic terms, it is the opportunity cost. Three examples of opportunity cost. Like everyone else, I continually find myself faced by the need to make…