Possible reasons why some regimes outlive others

Non-democratic regimes are forms of government which are controlled by only a small group of individuals, who “exercise power over the state without being constitutionally responsible to the public.”[1] According R. Tannenbaum and W. Schmidt, such regimes result in “autocratic leaders [ruling] by issuing threats and punishments and evoking fear”[2], while Freedom House suggest there … Read more

Keynesian economics

According to Keynesianism, choices took by the private sector occasionally have ineffective macroeconomic outcome. As a consequence, this school of macroeconomic idea supports the usage of vigorous strategy and fiscal response measures by making use of the public sector, monetary policy actions started by the central bank and fiscal policies espoused by the government with … Read more

Australian and Chinese economies

The similarities and differences between the Australian and Chinese economies provide an interesting comparison of economic systems throughout the world. They both differ and coincide with each other’s economic growth, environmental sustainability and the role of each of their governments. Since the late 1970’s, china has begun to move from a closed, centrally planned system … Read more

Wealth from the 18/1900s

During the Early 1900’s and late 1800’s a drastic shift from agrarian society to an industrial economy occured, bringing about new patterns of production. It created new class structure, clearly separating the wealthy and working class. Factory assembly lines replaced apprentice workshops and machines replaced skilled craftsmen. Entrepreneurs Like John D. Rockefeller and Andrew Carnegie … Read more

Externalities

Externalities can be simply defined as unintended consequence to an action, weather that be positive or negative. In the energy market, externalities are almost always negative as the process to obtain energy for commercial use can exploit workers, generate toxic waste, and be unevenly distributed. Unfortunately, energy producers most often do not take the social … Read more

Income Inequality in America

Income inequality has been a long-term issue in the United States but more recently an article came out about how racial economic inequality benefits the richest 1%. Americans are consistently struggling when it comes down to African Americans and Caucasians and the inequality between the two is baffling, not only in income, but all aspects … Read more

Digital Currencies and their Potential Risk

Many people believe that the digital currency such as – bitcoin and cryptocurrencies are the trendiest investment and opportunity currently accessible. Certainly, there are so many stories of individuals becoming millionaires through Bitcoin investments, for example Mr. Smith from the article “Meet The Man Traveling The World on $25 Million of Bitcoin Profits” (Bishop, J. … Read more

John Maynard Keynes and Friedrich Hayek – Economies around WWI

John Maynard Keynes and Friedrich Hayek were economists. Keynes believed in government regulation of markets. Hayek believed in free markets. Lenin was against the world economy and opposed International Trade. His ultra-communist policies were a disaster in the Soviet Union. Keynes was an economic adviser to the British government during and after World War I. … Read more

Auctions

WHAT IS AUCTION? An auction is a method of purchasing and selling of goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. TYPES OF AUCTIONS. • English auction: mostly referred to as “open ascending price auction’’ is a type of auction that is the … Read more

How a totalitarian government can influence the economy of its own nation and vice versa

A good working economy is a crucial element of a successful state. Therefore, this chapter will be dedicated to how a totalitarian government can influence the economy of its own nation and vice versa. 3.1 THE Economy of an Autocracy Autocrats care about their ‘public image’, since this partly determines the likelihood for a popular … Read more

Turkey’s economic crisis

Succinctly and superficially, Turkey’s economic crisis of 2001, which led to a downturn of around 12 percent, was caused by too-high public deficits, out of control inflation and the subsequent devaluation of the lira (Kriwoluzky and Rieth p 356). But to understand how this happened, we must first look at Turkey’s history of chronically high … Read more

Inflation and its effects on the economy growth under the different economy theories

B – Theoretical approach The phenomenon of inflation is not recent, this concept and its effects on the real economy variable have been explored since the classical economic theory but have been explored further with the development of the modern economic theories. Below will be explained the inflation and its effects on the economy growth … Read more

Unemployment in Pakistan

INTRODUCTION:- Unemployment plays very important part in our life. Today I’m going to discuss about the unemployment in Pakistan. Unemployment is one of the biggest problem In Pakistan. That person in unemployed who has ability to do work and Is willing to do work but is unable to get job opportunity in the current situation … Read more

Value of Ringgit

INTRODUCTION According to study performed by Jeffrey A. Frankel, 2005 exchange rate is defined as the price of foreign currency. For instance, the exchange rate between Malaysian Ringgit and Dollar is generally expressed in dollar per Ringgit ($/RM). The exchange rate acts a major role in the country economy growth and easily being affected by … Read more

Poultry Industry In Nigeria

Poultry refers to all birds of economic value to man, examples include chickens, pigeon, duck, pheasant, quail, guinea fowl and recently ostrich all which belong to the zoological class aves.Atteh,(2004) stated that poultry have been on earth for over 150 million years, dating back to the original wild jungle fowl. Poultry offered a range of … Read more

The Greek Economic Crisis

The Greek Economic Crisis (Stratfor, 2011) Greece, a land fraught with conflict over her long and storied life. Greek geography has been both a blessing and a curse throughout history that stretches back to the 6th century BC. Greece has given the world many gifts, the first Olympic Games in 776 BC and classical Greek … Read more

MACROECONOMICS PROJECT

GERMANY SECTION 1 In the Euro Area Germany is the largest economy and fourth largest in the world. Germany is among the leading exporting countries in the world, currently being third in the overall world ranking and its exports make up more than one-third of its national output. The major exports of Germany include vehicles, … Read more

Investment in a Global Business

Investment means the production of goods or capital utilized in the further production of other goods and services.Investment entails sacrificing current consumption in exchange for future utilization and benefits. Investment that accumulates over time compulsorily results in growth termed economic growth. Like every evolutionary stage, Investment started being concentrated on only physical production which created … Read more

Risk Measurements of the Economy

Every new method that emerges in risk measurement has been developed by improving the weak aspects of previous models. Researchers and investors discovered those aspects in consequence of past experiences and economic crises in financial markets. For example in 1970’s, fluctuations in interest rates caused high inflation rates which were resulted as economic stagnation in … Read more