Supply-side economics

The economic policies of Ronald Reagan became knows as Reaganomics. Reaganomics was composed of three key elements. His first policy was to cut taxes by 25% over a three-year period. His argument was that these tax cuts would create new investment while increasing federal revenues, which would "trickle down" to the lower classes by creating more jobs. This reasoning was known as the supply-side economics. The second component of Reaganomics was to cut social programs, like welfare, food stamps,…

seasonality. Tourism as an integral part of global business is highly dependent on seasonal changes in climatic conditions, economic activities as well as human behaviour and the society in general. Seasonality can be explained as the fluctuations in the year that occurs in specific duration. Features of seasonality Tourism demand is predominantly characterized by seasonal, economic political and others such factors. There are certain times of the year which observe a greater demand than…

This means that a company does not have enough market power to control the quantity or price of a good. The second assumption is that the outcome of what happens to the market only matters to who is participating in the market. If the market has side effects on a third party these are called externalities. Depending on these externalities the welfare of the market activity can change especially…

Brazil’s industrialisation and development has been constrained by the lack of technology and skilled human capital. Ban considers Brazil 's new development policies to be similar to the 'economically liberal policy goals and instruments associated with the [Washington] consensus and policy goals and instruments that can be traced to the developmentalist tradition ' (Ban, 2013: 299). And that neo-developmentalist follow a tradition 'unlike the protectionism and export pessimism of old…

YanYan Jiang SEMI 240 – Economics for global travelers Final Exam 1. Globally, incomes vary dramatically; some countries have high incomes and others are extremely poor. Activists blame capitalism for this inequity and call for radical changes in the world economic system to eliminate poverty. Others respond that low-income countries have poorly functioning markets and the surest path out of poverty is to strength markets and extend market access for the poor. Evaluate these two positions,…

How far do you agree with the view that Reagan 's economic policies strengthened the US economy in the years 1981-96? There is evidence to suggest that Reagan 's economic policies did strengthen the US economy, as shown by the decrease in inflation and unemployment. However, there is sufficient evidence to suggest that Reagan 's policies didn 't benefit the US economy and led the US into economic problems. Extract 1 tells about how Reagan 's economic policies did have certain benefits. His…

temperatures have also depleted reservoirs. The San Luis Reservoir, which is the largest off stream Reservoir in the United States, has been affected greatly. The Reservoir’s water supply has been cut in half thanks to the drought. The San Luis Reservoir is not the only reservoir being depleted. Reservoirs all over the U.S have been being depleted. The reservoir that holds waters in the Colorado River Basin has been slowly been depleted over the years. The Colorado River Basin’s groundwater is…

INDIA detswargiary@gmail.com ABSTRACT The women in the Bodo society occupy a crucial place. They play a vital role in social, cultural, religious and economic means of life in their society. The Bodo women of village folk actively participate in agricultural and allied sectors and thereby contribute in economic upliftment of their family. The agricultural activities that the Bodo women involve are sowing, harvesting, and weeding. In the mean time, the allied agricultural…

What is the difference between economy and ecology? By definition, the economy is the management of household affairs, especially expenses, thrifty and efficient use of resources; frugality in expenditures, and the structure of economic life in an area or a period (Miriam Webster). Ecology is a branch of science concerned with the interrelationship of organisms and their environment, the totality or pattern of relations between organisms and their environment (Miriam Webster). Although these two…

Kimberly Ma / Bus5-187 Sec 13 Participation/ Discussion Questions: Discussion: Why would government need to interfere? Government will interfere for political, economic, and cultural reasons. In the economic sense, the government might intervene to protect, regulate and control the resources. Some political motives involve securing jobs, national security, responding to unfair trade, and gaining a bigger influence in the market. For instance, in order to secure jobs, the government might…