The economic cycle can be easily compared to a roller-coaster ride. The unpredictable behavior of the ride is emulated by the volatile nature of the economic markets. However, there are many ways in which to make our economy prosper as demonstrated by economist David Crane: improved education, environmental stability, globalization, development of innovation within our industries, and refined government spending. .
Crane states that the economic future of our country lies within the education of our children. This is quite true, as our children will eventually grow into the workforce of the future. For example children without proper education, will leave school and enter the workplace without the skills and abilities to compete, and will consequently soon become unemployed and add nothing to the economy while relying on many government benefits like unemployment insurance. However, if this child is allowed to develop to their full potential - such as going through all of high school to continue a post-secondary education - they will gain the knowledge and abilities needed to succeed in their future careers. As better workers they may add to and benefit the business, causing increased production and revenue. These increases eventually trickle down to the workers and they too benefit from increased salaries and/or bonuses with which they can use to purchase more goods and services with. Along with providing employment a more educated work force also allows provide better quality jobs. Instead of the menial labor-intensive jobs, jobs can now be found in more competitive sectors such as technology and communication. Therefore with greater education in our society we found more economic prosperity. .
Another way to push for a successful economy is to ensure proficient use of our natural resources to ensure environmental sustainability. If we allow for full capitalism of our natural resources, our earth would quickly be raped and left devoid of meaningful resources for future use.
Economic, Social and Moral. Economic success is only possible with quality education. ... Arabs were economic superpowers of the world because of education. ... The prosperity was their destiny. ... The reason of the economic strength is also education. ...
Response Economic geographers consider geography to be essential for the understanding of the ways economies work. ... The focus therefore for economic geographers was firstly of a descriptive nature, describing the spread of industries, whilst also attempting to explain "why and in what ways regions" differed from each other (Bryson, et al., 1999, p. 8). ... The post-war economic boom ended in the early 1970s. ... An extended period of prosperity from 1990 to 2001 was a consequence of rapid technological improvements and sound monetary policy. ... The economic effect is that econo...
The economic prosperity of the 1920s brought many positive social and cultural changes to U.S. society. Many things, such as the widespread use of the automobile, transformed family social life, while the new, wide following of Jazz and the Harlem Renaissance created revolutionary cultural changes....
The good economic times of the 1920's and the bad economic times if the 1930's. ... During this era, it was a time of prosperity changes on America or known at the roaring 20's. ... Also in the 1920's America return to normalcy or as return to the old ways. ... Then the depression begin or as bad economic time. ...
During the 1920's the rise of economic expansion created booming business profits and increased the standard of living for most Americans. ... American prosperity in the 1920's was largely due to the growth of the automobile industry. ... It was the way that those industries found new and more productive ways of doing things. ... As mentioned, there were other factors that contributed to the prosperity of America, but not nearly as much as the automobile industry. These other factors alone would not have had nearly enough impact to change the prosperity of America. ...
The United States, along with the rest of the world relies heavily on its economy and economic prosperity and benefits. ... The stock market and exchange's prosperity, along with failure, dictate's that economy of that country. ... Despite the seeming business boom, prosperity and gain, of the 1920's, however, there were serious economic weak spots that led to an economic decline. ... This hindering of the industrial sector lead to an economic decline because it shut down transportation means and ways and if something of this nature occurs there is no way to export products m...
However, the Roaring Twenties marked the end of economic and social improvement for a long time, since the Wall Street Stock Market Crash of 1929 and the Great Depression would hit in the next decade. Nonetheless, the 1920s was an incredible period of optimistic ambitions of wealth, entertainment, large-scale production, and sustained economic prosperity in America. ... The 1920s was also called the Golden Twenties because it became a golden age of widespread growth and economic prosperity in America. ...
In The Happiness Advantage, Shawn Achor discusses that sometimes common sense is not always common practice. ... Achor, who gives speeches at fortune 500 companies, has had someone tell him that being happy is common sense and you do not need to change your ways to be happy. ... Achor's biggest points is "..the more you believe in your own ability to succeed the more likely it is that you will.... In The Happiness Advantage, Shawn Achor addresses how their has been a change in the study of avoiding negative psychology to embracing positive psychology. ... " (Achor 37) As it is ...