Economics

economy. Countries seeking a solid performance report should primarily use income as their start up to finding the best possible economic route towards climbing out of economic drought. Income is the single most important factor in measuring economic performance. Gross domestic product otherwise known as “GDP” is the most frequently used measure of a country’s economic activity. GDP shows the total value of all final goods and services legally produced in an economy in any given period of time.…

? The unprecedented economic recession that experienced by the United States of America in 2010 does not only give lessons among the economic policy makers, the technocrats, and among the American people. More importantly, it has become the benchmark of whatever socio-economic programs and policies to be implemented. Recently, the Obama Administration disclosed that next year would be most likely unproductive year for their fiscal performance and in terms of their Gross Domestic Product brought…

PEAR Assignment #1 Cocktail Party Economics by Eveline J. Adomait and Richard G. Maranta discusses the main concepts behind economics using simple language and real life examples. Cocktail Party Economics is divided into twelve chapters, each discussing a different topic related to the subject of economics. This essay will focus on Chapter 7- Demanding Clients (A Venti Chapter) and it’s relation to the recent minimum wage increase in five Canadian provinces. Chapter 7- demanding Clients (A Venti…

While the media keeps on focusing its cameras on the aesthetic nature of the primaries, Puerto Rico’s worsening economic situation is still continuing without getting the attention of many. The national debt has gone up to 72 billion dollars and the approximate debt for each citizen is around 20.700 dollars. The current congress, also known as the 114th Congress, is trying to take steps in bringing a stop to this crisis or at least improve the current situation. There are about 65 bills and 2…

The Political and Economic Thought Some basic training in economics is important because it could assist an individual to understand the nature of the world in which they live in. This is why the economics professor and her assistant Eveline Adomait and Richard Maranta have written the book Dinner Party Economics to explore the various political and socioeconomic thoughts that affect our daily lives (Eveline & Richard, 2013). The focus will be on Chapters 6 and 7 where the authors discuss about…

The economy is a major factor for a country to advance and to have success. There were two main economic contributors that caused shifts in the population from rural to urban areas during both of the eras. They were farming and manufacturing. During both the Gilded Age and the Roaring Twenties, the agricultural aspect made quite an impact to the movement due to the overproduction. Farming is majority located in the South because there is more land to cultivate. But, when there is an abundance of…

QUESTION 1 The article by Marc Siegel defines “economic consequences” by the framework the FASB uses to handle such issues. Per the article, the first stage of the framework involves determining whether the benefits (improvements on relevance and neutrality) justify the costs to financial statement preparers. Secondly, if there are negative economic consequences, the FASB will pause and then assess whether the consequences are those of neutral information or unintentionally biased information.…

Extended Response: Economic Inequality In the 20th Century globalization has been a positive thing nationwide, but it doesn’t only have positive aspects, it also has causes and effects. As you can see globalization has two sides the good and the bad. The good side is all about the productions and opportunities open market creates. On the contrary, the bad side of globalization is also about credit, rising money that flows easily across local and national. In the first place, globalization…

Economic impacts of tourism: Tourism is important to the economy of both the rich and the poor countries. Tourism does not only benefit the economy by handing out employment but also through the expenditure of the tourist (tourismintheunitedkingdom.weebly.com). Tourist destinations can also assist in the improvements and development of infrastructures as well as services such as roads that therefore has a positive impact on their locals, tourists, and their community. In London, tourist…

factors influence the change in the relationships between these markets, among them Geo-political factors. In “Intermarket Analysis and Investing: Integrating Economic, Fundamental, and Technical Trends” (Gayed and Gayed, 1990) explain each perspective and well advised to integrate the three and into Intermarket analysis.…