World economy

Tracking a countries macroeconomic performance is critical to any and all countries willing to start up an economy, or trying to improve their 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…

an economic analysis theory that breaks regional economies into two sectors, the basic and non-basic sectors. The basic sector is viewed as the engine of economic growth, converting inputs from either inside or outside the region of analysis, and turning them into outputs for sale to other economies. It is then assumed that the existence of the non-basic sector exists to serve the basic sector. In the theory, money comes into the regional economy through exports, is paid to owners of land,…

as an economist and researcher at the World Bank, Journal of Development Economics and Aid Watch, to name but a few. One of his books The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (2006) won the 2008 Hayek Prize (Easterly, 2016). Obviously, he has long questioned the role and effectiveness of the western aid. In his article, Easterly provides brief evaluation…

Andrew Jackson played an important role in the age of economic nationalism and growing political sectionalism. Economic nationalism is a circumstance in which a country attempts to preserve its personal economy by minimizing the amount of imports and investments from other countries. Political sectionalism is the support of a particular part of the United States of specific political interests. Economic nationalism and political sectionalism can be seen in Andrew Jackson’s actions in the South…

Why is capitalism a better economy and society than communism? Because capitalism gives individuals rights and has dynamism when properly used. Capitalism is far superior to communism as an economy and society. The first part of this paper discusses about communism. The second part of this paper talks about capitalism. Finally, the pros and cons of each system will be discussed. Communism Communism was an economic-political philosophy founded by Karl Marx and Frederich Engels. It was founded in…

It is evident that public transportation is one of the safest ways of transportation in the world. Nowadays, there are some of interest from public transportation authorities for passengers’ safety. Safety is one way to attract more people to use public transportation because personal safety is the most important thing for each person in the world so no one will use public transportation if it is not safe enough. Mackechnie (2008) stated that public transportation is…

The improvement of the contemporary civilization has a tendency to increase the impact of capitalism on social relations, subculture, and values of societies. In this type of scenario, the development of the modern society leads to the weakening of primary ethical values and to the dehumanization of interpersonal relationships, while consumerist and commercial relationships grow to be a determinant factor in social relations. On this regard, it is conceivable to consult the book What Money…

you are studying people’s behavior you might want to study people’s spending habits. You could also study how the society as a whole spends their money. By studying people’s spending habits you might also see how that can affect the state of the economy. In Personal and Consumer Finance you learn about how people can spend their money, which is something you can do with Social and Behavioral Science. 2. Does your financial behavior affect others? Explain. I believe that my financial behavior…

Mineral resources is a concentration of naturally occurring solid, liquid, or gaseous material in or on the earth’s crust that can be extracted and processed into useful materials at an affordable cost. Mineral resources are essential to support sustainable economic growth and our quality of life. Therefore, it is important to have sufficient supply of materials to provide for infrastructure, buildings, energy and goods. However, since mineral resources are nonrenewable natural resource, and…

5.2.6 Liquidity Liquidity is the amount of cash available for farm production at the start of the simulation period. It is required for a variety of activities, such as covering the costs of the inputs for cropping (e.g. fertilizer, herbicides), hiring additional labor and hiring labor to clear forest. In the survey households were asked about their monetary savings and cash, however no answers were provided by the respondents. Therefore, the credit limit is used as a proxy to quantify cash…