Economics : Page - 6

Limitations of using GDP as a measure of economic performanceAs per the report issued by Commission on the Measurement of Economic Performance and Social Progress in 2009, Gross Domestic Product Per Capita cannot be regarded the only indicator of country’s economic performance and its social progress due to certain limitations possessed by the same. In order to reflect the structural changes in the modern economies, conventional measur...

The Stability of the Australian Economy In the contemporary period, owing to Globalisation, trade liberalisation and technological as well as infrastructural developments across the globe, the business environment in the global scenario has become more integrated, interconnected and inclusive. The businesses in a country and their operations, decisions as well as outcomes (profits, revenues, clientele, market expansions and sustainability) depen...

Harris-Todaro Model of Rural-Urban Migration: An Economic Perspective The global economic scenario has experienced considerable changes and modifications over the years, owing to the domestic as well as international dynamics in the social, political, demographical as well as economic aspects. Due to these multi-dimensional dynamics of different aspects of the countries as well as of the world itself, various issues have cropped up in the glo...

Reasons for the variation in growth ratesDiscuss About The Analytic Narratives On Economic Growth . Australia is among the richest countries in Asia-Pacific with high rates of economic freedom and has enjoyed economic growth for a longer time period. An important measure which may be used to measure the rate of growth for the economy of Australia is the rate at which the gross domestic product (GDP) increases. Gross domestic pro...

Factors Influencing Offshoring to ChinaDiscuss About The American Manufacturing Companies From China. Through offshoring, a business organisation can relocate its various business processes to other countries. The process is referred as operational one, where foreign countries have done manufacturing, accounting or other supporting activities (Unel 2018). Offshoring can be of two types, which are, production related and service relate...

The Effect of Cutting Tax Rate on Aggregate Expenditure Discuss about the Cutting Tax Rate and Evaluation of investment. Cutting tax rate is an instrument government’s expansionary fiscal policy. During recession the economy experiences a decline in output, employment, price level and other necessary variables. Government through fiscal or monetary policy instrument aims to stimulate output and other important variables (Mankiw 2014). The...

Short and Long-Run Production Discuss About The Creation Of Utility Is Referred Production. Creation of utility is referred to as production. There are factor inputs that are converted into output (Rasmussen, 2011). The factor inputs include labor and capital as the dominant resources used.  The relationship that exists between the factor inputs and output can be explained using a production function. management, the process by which input...

Pay For PerformanceDiscuss about the Issues Related To Pay And Performance. Pay for performance has become an important way of improving the productivity of workers. It is a paid system where wages are paid according to how the workers perform.Paying a worker according to his performance will exert more effort by improving productivity. According to Lazear, productivity of the installers of Safelite Glass Corporation increased when the ...

The Present Status and Examples of the Sharing Economy Discuss about the Crazy New World Of The Sharing Economy. The term “sharing economy” represents a specific economic activity, where online transactions take place. Through the peer-to-peer service, an open-source community offers goods and services to its customers (Bratianu 2018). Hence, in modern world, this concept is enhancing rapidly, where people are conducting their every...

Event policy and need for evaluationDiscuss About The Evaluation Of Special Reconciling Economic. Mardi Gras is one of the important historical events in the city of New Oreland. The French word ‘Mardi Gras’ means Fat Tuesday and it is a festival representing religious tradition as well as welcomes beginning of the season Spring. The festival gains its importance in every aspect including economic, social and culture. Previo...

Competition and pricing in the electricity industry Discuss About The Economies Scale Integrated Pest Management. The main issues discussed in the article, “How big business shares the profit pie” is the competition and its ability to sustain lower prices of products even with the existence of possible cooperation between big two or three firms dominating the electricity industry. The article appreciates to some level the ability of...

Overview of Australian Economy Performance Discuss About The Australian Economy And Challenges Of Change. Noteworthy, the Australian economy steadily grew between the year 2005 and the year 2008 from $693.764 billion to 1.55 trillion respectively. However, the Australian economic growth decreased in the year 2009 recording a GDP of $927.168billion.Luckily, the economic activity picked up in the year 2010 at $1.143 trillion and later declined to...

Theoretical and conceptual framework of economics 1.Please compare and contrast two of the different schools of economics that we have discussed in class. In your view, which of these schools is the more compelling? 2.Which would you describe the Irish economy as: A) a command economy, B) a free market economy or C) a mixed economy? 3.How would you define ‘economic justice’ and what criteria would you apply? The theoretical a...

Shareholders of BP and Perfect CompetitionQuestion 1 It is claimed that the market for various stocks and shares represent Perfect Competition. Using the assumptions used to build the perfect competition model, justify the case that shareholders of BP represent a structure that is almost the same as perfect competition. Question 2 New Zealand egg market represents a perfectly competitive industry where almost all the firms are identical wit...

The Importance of Housing in AustraliaDiscuss about the Socio Economic Aspect of Rising House Prices in Australia. Housing is one of the basic needs of for every human being. Being a basic need, housing forms the basis for better living standards. Throughout the globe, homeownership provides independence and privacy. In fact for most households regards house as the greatest asset. Traditionally, Australians assigned homeownership high...

The Significance of Educational Attainment in Understanding Human CapitalDiscuss about the Wage Returns To the Education Over The Life-Cycle. Human Capital is often measured in terms of levels of attainment at school.  School education or the levels of attainment at school is the most commonly used proxy to understand human capital (Edwards, 2004).  In the 1950s, Gary Becker demonstrated that the returns to educational attainmen...

Impact of Changes in Fertilizer on Agricultural Productivity and ProfitsDiscuss about the Experimental evidence from female rice farmers. The paper chosen for this essay is the one on Profitability of fertilizer: Experimental evidence from female rice farmers in Mali. This paper is essentially and economic paper focused in the field of agro-economy. It focuses on the change in production of the agricultural production of rice in Mali by c...

The Gini Index and Income Inequality in Hong KongDiscuss about the Estimation Of Gini Coefficients Using Lorenz Curves. According to the news article, the property market in Hong Kong is undergoing a dramatic turmoil. In response to soaring housing prices, businesses are raising prices of goods and services. This has forced people to find out extra work. The condition of income inequality in Hong Kong has reached to its worst phase. Inequ...

Global Demand of Agricultural ProductsDiscuss about the Approach To Natural Resource & Environmental Policy. Over the years there has been long standing debate that whether there is any trade-off between the economic and environmental factors in case of the agriculture or not. Though there has been moderate number of studies regarding the same, however, most of them have failed to provide any concrete evidence regarding the amount of ...

NTUC FairPrice: Company Overview Discuss about the Learning Environment In Singapore Primary Science. In the contemporary global business scenario, with more integrated, inclusive and inter-connected business relations of the different countries and with more companies expanding their business in different markets and geographical domains, the level of competitions and fight for sustainability have been continuously increasing for all types of ...

The Stock Market as a Perfectly Competitive MarketDiscuss about the Perfect Competition In Markets With Adverse. The stock market can be referred as perfectly competitive market because of the large number of groups. This market consists with four groups, viz., public corporations, buyers, sellers and market makers. In this market, sellers refer as shareholders, who exchange their stock for cash. Some shareholders of BP (British Petroleum...

GDP composition of Australia Discuss about the Australian GDP And Economic Growth. Gross Domestic Product signifies total market values of goods and services produced in a nation in a given year. In order to compute market value of goods and services, the market price of these goods and services needs to be used. Goods and services valued at current year market price gives nominal GDP (Heijdra, 2017). When the values are computed based on price...

Current status of the environmental resource and the threatsDiscuss about the Environmental Economic Appraisal Of The Regulatory And Policy Framework Surrounding Air Quality Management In Beijing. One of the basic needs of any forms of life on earth is oxygen that is available in the air. However, the air pollution is very common for most of the cities of the world. This can be due to many of the reasons such as an increase in the pop...

Key determinants of Health as per Upstream, midstream and downstreamDiscuss about the Social Network Determinants of Depression. Canada is situated in Northern part of North America. It is a second largest country in the world after Russia, it covers almost around an area of 9.98 million square kilometres. Total population of Canada is 35,151,728 out of which 1,673,785 are aboriginal Canadians.   With fifteenth highest nominal...

Background of NBNDiscuss about NBN policy of Australian government and its issues. The national Broadband Network (NBN) is a project of Australian government, based on the national wholesale open-access data network. This project contains components of radio and wired communication, introduced and operated by NBN Co. Limited (Valle de Souza, Dollery and Kortt 2018). Retail service providers (RSPs), mainly Internet service providers, con...