Economic

The Economics of Christmas The economics of Christmas involve the act of gift giving, the impact of shopping on retailers and the economy, and the amount of money the consumers spend during the holidays. During the Christmas season, many economic elements come into play that the consumers and producers must think about when trying to benefit from the frenzy of activity. Gift giving in general has a decreased value to the receiver than the one who originally bought the gift. Buying a gift is…

Economic globalization refers to the process that world economies are becoming increasingly interdependent. It is widely believed that the first real historical phase of economic globalization started in the 19th century. As a turning point in this process, the Industrial Revolution brought the innovations in the transportation (i.e. railroads and ships) and the communication (i.e. underwater transatlantic cable), which facilitated the movements of people and goods. At the same time, the…

Introduction: Most economists have been concerned about the relationship between inflation and the economic growth, for a very long period of time. The combination of the two, that is inflation and economic growth, they distinguish the variables of macro-economic. Inflation has a negative impact on the growth of the country; the South African statistics has proven that. I will be discussing that in details. Firstly, Inflation is simply defined as a situation where prices are perpetually and…

infrastructures and hidden political agendas it brings about within the developed country. It is quite evident that Africa was subject to Colonialism by the Europeans. Europeans extended their nation 's sovereignty over Africa and it’s people. They facilitated economic domination over their resources, labor, and markets. The impact of colonialism varied somewhat with each European power. The handful of European nations that dominated Africa as in Belgium, Great Britain,…

Economic strength also convinced Americans to imperialism because of the Panama Canal, Hawaii, and Alaska. The Panama canal was important for economic strength because it cut trade mileage. Before the canal, America ships would have to sail around south america in order to trade from New York to california. This was 13,500 miles.The canal help cut this voyage, to 5,800 miles, meaning America was able to lower it prices and have more sales, making more money. Another reason why economic strength…

Neoliberalism is a political economic theory, which can be referenced by discerned modalities and perspectives of understanding and subsequent application. Harvey (2005) asserts that neoliberalism is a class-based mechanism that places power in the hands of the ‘’economic elite’’. This is consistently supported by scholarly articles on neoliberalism, that elucidate findings that, the rich are the beneficiaries whilst the poor suffer the consequence of limited agency (Ganti 2014, Ferguson 2009)…

Analyze the causes of the economic stagnation that afflicted many of the new states following independence. Despite the excitement from the newfound independence of many Latin American states, the turmoil continued even after the independence revolutions in many states. A major contributing factor to the continued commotion was the debilitating economic stagnation throughout Latin America. Although some nations including Brazil, Chile, and Argentina underwent economic advances following the…

Historical Background This economic crisis didn’t just appear in 2013, the core of this problem dates back to 1998. This year is when Hugo Chavez was elected president of Venezuela, he main goal was to help fix the poverty problems among the country’s former citizens. At the time, there was a major issue with the inequality between the rich and the poor. Chavez took advantage of the country’s booming oil industry to create social programs to help balance the inequality amongst the rich and poor…

Issues with the measurement of major economic concepts- By Deep Mukherjee In the first few chapters of the book Dinner Party Economics by Richard Maranta and Eveline Adomait, there were many new topics that are measured for data and decision-making. However, there are some issues regarding the measurement of the CPI and Inflation, the GDP and economic welfare, and the money supply that I would like to highlight. Firstly, there are a couple issues regarding the measurement of the consumer price…

Economic globalization has been occurring since mass transportation was engineered. However, it has grown significantly in the modern era due to an increase in technological capabilities. People who once were only able to trade after a long oceanic voyage can now access the internet and purchase goods from across in an instant. This increase in economic interconnectedness has had far-reaching implications for the world. Economic globalization has had a positive impact on the world, as nations…