Economies

INTRODUCTION: In recent years different economic systems were introduced in the global economy, from which individual countries chose the most appropriate system that can be adopted. These systems each contribute to the smooth running of the global economy though they each have their own drawbacks. The purpose of this discussion is to analyse economic systems that have been introduced into the global economy namely, capitalism, nationalism, communism and the mixed economic system. Different…

Government policy affects the economy in a variety of ways, but it is ultimately better for the government to have an active role in regulating and controlling it. Statistically speaking, the economy does better the more government regulation of it there is. Under the Obama administration, the economy has now more than quadrupled the number of jobs present from the Bush administration, and unemployment rates have…

Political Economy of a Nation The majority of political leaders in society have an independent preference of the model of the economy that they would appreciate applying in the country. The primary target of such actions is to enable a smooth run of the multiple activities in their career. On the other hand, such types of the economy would offer assistance in leadership based on the model of interpretation that they have to the chosen type of economy. Additionally, some leaders will strongly…

The economy has four different stages in order to explain the state of the present economy. The first stage is the recovery, which is when the economy is growing. The next stage is the peak or when the economy is at its best this means a lot of people have jobs and businesses are doing very well due to people having jobs to buy things that make the businesses succeed and grow. The third stage is the recession which is when the economy is on the decline, meaning some individuals might lose their…

Three Ideologies of Political Economy and beyond By Bernardo Creamer The ‘Prezi’ presentation “Copy of Three Ideologies of Political Economy”, used in class, is based on the ideas contained in the book by R Gilpin about political economics. Gilpin states that there are three ideologies that differ over a wide variation of questions such as: - What is the importance of the market for economic growth and distribution of wealth among groups and societies? - What should be the role of markets in…

informal economy interestingly can be known as the black economy, shadow economy, informal sector or gray economy due to its diverse activities and driven motives . Scholars argue that the informal economy is hard to measure because of the difficulty in defining the activities. Layman’s term the informal economy is the set of activities purposely done to escape from government reach or regulations, and this includes criminal activities. Ukranian Ministry of Economy, define the informal…

communally used in institutional settings, token economies are used as a form of behavior modification. A token economy is a method used to increase and reward desirable behavior. Token’s can be anything from a sticker or coins, to tallies, or poker chips; they just have to have the ability to be counted. Once the subject has earned enough tokens they are able to receive a reward Tokens can be withdrawn in order to decrease bad behavior. The goal of a Token economy is to strengthen desirable…

self-sufficient. While the majority of Australia’s land is not useful besides for tourist purposes such as visiting the beach or the Dundee to see the wild life. Thus, Australia relies on outside people coming in for its main source of income. Australia’s economy has been primarily focused on the service sector, because of an increase of people seeking higher education, globalization, and spatial interaction. One thing that is unique about Australia is that it’s not just a country but it is…

One of the things that have a huge impact on the economy are prices. Prices are what businesses and companies charge people for certain goods and services. There are many factors that go into determining the prices of things such as, supply and demand, competition in the market, and how much people are willing to pay for things. Many people tend to think that price and cost are the same thing, but they are not. Price is not equal to the cost of a good. The cost of something changes from person…

This free economy is an idea that has been around for hundreds of years but has grown in popularity since the advent of the internet. Gillette razors was founded off this idea in the early 20th century by Gillette giving out razors for cheap or giving them out for…