Health economics

Throughout history since the birth of Civilizations such as Egypt or the Roman empire, economics has played a vital role in assessing the strength and global dominance of a Nation over its adversaries. The components which make up a nation’s economy vary from one another as certain countries are geographically located to resources which make for a better economic source as well as the strength of a countries coastal structure. America a relatively new nation in the perspective of civilizations…

Is the American minimum wage a living wage? I was at the CenturyLink Stadium working my ass off. I was holding up a banner on the field for what felt like an eternity. That day I worked 7 grueling hours on the field while taking breaks in between. The disappointment came two weeks later when my direct deposit showed up on my debit card. I got paid 59 dollars and twelve cents! I felt as though I was being underpaid. This helped set in the reality for me that even though Washington minimum wage…

than one who does not. A budget helps an individual understand their strengths and weakness regarding budgeting. Setting a budget and tracking your expenses is the only way to know where you stand financially. Without a road map of your financial health, you do not know what is going on. (Why Making a Personal Budget is Important, 2014). A personal budget should show a person’s income, all spending habits, financial responsivities, and flexible expenses. Having and not having a budget can be…

will have to wear heavy mask and it is really hard to breathe. The smog in Beijing has influenced people’s life in many aspects and in this essay, I will introduce three aspects of the effects: physical health, mental healthy and traffic problems. Let’s begin our journey and first discuss physical health. In fact, if Beijing’s municipal economy were classified as a country, it's economy would be the 35th largest in the whole world…

or hear news related to tourism and the scope that is achieving. As described by the United Nations World Tourism Organization (2015, p.2) it has experienced continued expansion and diversification, to become one of the largest and fastest-growing economic sectors in the world. In 2014 the international tourist arrivals raised by 4.3% in 2014, coming to 1,133 million arrivals, even though the fastest growing of tourism is known, UNWTO predicts that international tourist arrivals worldwide will…

(Which is shown in Map 2), (Economics 2014). ,(Map 2) After the economic crisis in 2008, UK government was facing a government deficit. There are two ways to solve this deficit, one way is to increase the tax, another way is to cut down the government spending. As a result, the UK government choices to cut down government spending instead of rise tax. It is known that welfare occupies a major percentage of government spending. But after economic crisis, UK…

Ricardo’s idea (comparative advantage) Predicts that different factors of production specializes in different economic activities based on their relative productive differences. The problem is implicit in the Richardian model itself because the model implies complete specialization in equilibrium. This in turn means that the differences in labor requirements cannot…

Economy plays an important role in the personal finance for every individual. Personal finance is how individuals make investment choices to gain wealth, and it will helps to understand economics, so we know how economic conditions impact our investments such as stocks, and bonds. In 2008, when the economy crashed, everything got effected especially the automotive industry and real estate market. The unemployment rate was the highest it’s been since the Great Depression. This situation effected…

considered the founder of the new strategy called shared value. In consideration of the point raised by the Professor of Harvard University, Michael E. Porter shared value is conceived as the business tool that allows the constant search for obtaining economic value that in turn gives rise to the benefit of other agents of the economy, specifically it’s a commitment to the society that surrounds it to achieve growth. Shared value is considered as a new business version that refreshes the…

In the peer review article, “The Economic Impact of Wal-Mart” from the Global Insight Advisory Services Division it explains that “Wal-Mart's presence has resulted in real disposable income gains of 2.6% by 2004 and has added 6,300 jobs to the Dallas-Fort Worth area that otherwise would…