The region of Kobe is seen as a hotspot for earhquakes due to its location over the intersection of the three tectonic plates: the Pacific, Eurasian, and Phillipene, making the Earthquake of 97 a natural disaster which no one could predict or prevent....
I feel that unemployment is a good economic indicator as it gives us an idea of the nation's labour force and can be used to look at other areas of the economy, which will be helpful in predicting an outlook of a nation's economy. ... However inflation is on the rise: Year 2000 2001 2002 2003* Inflation (%) 2.0 2.1 2.2 2.8 (*first three quarters) If we look at the Philips curve (below) that states a higher inflation rate is accompanied by a lower unemployment rate , then we can predict that perhaps the UK unemployment will fall. ...
The last aspect of Marxism, the relations of production, deals directly with the relationships between classes of people (the aristocracy, the middle-class and the working class).2 Marxism includes a predictive analysis of socio-economic structures. ...
Economic growth is the change in potential output of the economy shown by a shift to the right of the production possibility frontier. Economic growth is measured usually always by the change in real national income. The main causes of Economic growth are to do with land, labour, capital and entrep...
For centuries people have come across the U.S. borders from foreign countries hoping for a better life, a life that is free from unruly dictators and poverty for them and their families. They want to live in the land of opportunities. As Thomas Jefferson once declared, "All men are created equal " (...
Globalization is one of the most powerful concepts in today's economic development. National companies are highly attracted to the global market, and their interaction with foreign countries is becoming inevitable. For this reason, Wang claim that globalization results in the homogenization of bu...
"We need to reawaken this giant." -Ronald Reagan. When Ronald Reagan entered office, the American economy was in a state of decline. Economists were doubting the American system of free enterprise, and some thought Russia's command economy was the answer. The Keynesian school of thought figured that the economy had reached its limit and could advance no further.1 Reagan, however, knew otherwise and pursued his domestic policy of supply-side economics. ...
