Great Recession

in government spending in 2010 in which biggest cuts will be borne by local government. As we know, budget cut is the act of reducing budgeted expenditure, so Essex county council carried out a lot of policies to stimulate economy to recover from recession in the past 5 years. In this essay, I will reveal spending cut in Essex through three examples of government budget cuts. In the end, I will explain why government cut down budget and analysis the advantages and disadvantages about this…

5 most important economic variables (1) GDP (2) Interest rate (3) Personal income and consumption (4) Debt (5) Inflation 【GDP】The gross domestic product (GDP) is one of the most important indicators to evaluate the condition of a country 's economy. It represents the total dollar value of all goods and services produced over a specific time period; thus the size GDP would also indicate the size of the economy of the country. Normally, GDP is used to compare with the previous quarter or year’s…

unemployed people in the labour force who are seeking a job. • Unemployment rate.  • Creation of part time jobs to recover for the losses of full time positions.  • Flat and steady growth of the economy  • More unemployment due to the Canadian recession in the oil and sand industries  • Gain of jobs in August comparison to July. 1 Section1_StephanieMurcia_Unemployment.docx The graph below shows that there have not been any dramatic changes from July to August of 2016. Source…

As McGregor (2011) affirms consumer themselves have suffered a transformation since the recent global recession started. In a global perspective, they are currently experiencing financial difficulties. Whatever economic situation changes consumer’s perception of risk affecting the consumption patterns (Mansoor and Jalal, 2011). Consumer self-confidence is…

The US economy is going through some hard times: low growth, relatively high unemployment (still above 5%), declining competitiveness, massive job cuts in the oil and gas industry (including manufacturing jobs), and growing social inequality. All these problems were so significant, that they were the main topic of Barrack Obama’s "Address to the State of the Union” presented to Congress January 24, 2012. It has also been the focus of the recent Democratic presidential campaign. What is the role…

What are some prominent qualifications for employment in this field? 6. What majors are most similar to this degree? 7. What internships are offered nearby and can support my outlook? 8. What is the job market like during economic recession? 3 9. How much of a difference would a Master’s in Business Administration have? 10. What other majors can enhance my capabilities to handle these occupations? I strongly believe that security is insurmountably more important than any other…

Iceland is a Nordic island nation, and is often considered to be a country in the continent of Europe. The island is small with an area of 39,769 miles squared, and a recorded population of 334,252 individuals, as of 2016. Despite its small size, Iceland is one the the world’s most developed countries. However, even the most developed countries have had to face demographic challenges. There are five distinct demographic challenges that Iceland has had to face. Immigration rates in Iceland…

Nowadays, Australia is facing two crucial economic issues, which are increasing the budget deficit and house affordability. In a long term, those two issues can deteriorate the economy that has been in slow growth in the last three years. First, the increasing budget deficit affects an increase in the Australian debt, which deteriorates the economic growth. Second, as the housing prices are significantly overvalued, the Australian economy grows slowly. (In order to solve the rise in budget…

This means the creation of more jobs, and large amounts of foreign currency, continuously arriving in the government budget. Particular attention is paid to the Spanish resort areas of environmental ecology. There are certain restrictions on the movement of road transport, trees are grown at new parks, the beaches and streets of coastal towns are constantly exposed to thoroughly clean. Old resorts in Spain are converted in accordance with the new trends, such as Benidorm and Torremolinos. In…

market economies reply mainly on the activities of consumers, business and resource suppliers to allocate resources efficiently. Thoes activities and their outcomes is the subject of microeconomics (1). The world economy is in a hard time and recession. The US is not different. Although Obama President has mainly focused on economic rehabilitation to help the US escape from the crisis, generally the US still has a long way to go with high inflation rate and unemployment and the US economy…