Essays on Economy

According to Booth (2009), the global financial crisis of 2007-08 also referred to as the Great Recession had a devastating impact on both the societies and economies as a whole. The crisis almost brought down the global financial system. The governments turned to bail-outs financed by the taxpayers to solve...

About twenty-five years ago, China’s main concern was that it had a very high birth rate, too high to provide support for. As China limited its birth rate and introduced a birth control policy this matter came under control. However, as a result of the one-child policy, China has a...

Q1. Definition of Minimum Wage According to the Economic Theory Minimum wage is an economic principle specifying the least amount of remuneration that firms must provide to their workers in exchange for their labour over a given period of time (Abott, 2012). In most cases, the labour legislation is measured per...

The Growth of Dubai as a Tourist Destination For the last 40 years, Dubai has established itself from a small fishing country to one of the rapidly growing tourist destination, thanks to the development of impressive projects. In the early 1970s, Dubai was regarded as one of the least resourceful city-state...

The Supply of Money and Government Intervention The supply of money in the economy can either steer growth or lead to inflation. Therefore, governments tend to regulate the circulation of the currency to stabilize the economy. Monetary and fiscal policies are powerful tools that are very powerful tools. However, other instruments...

Inverse Relationship between Inflation and Unemployment There exists an inverse relationship between inflation and unemployment in the short run. In economics, this relationship is referred to as Philip's curve. However, it is not a permanent tradeoff and ceases to exist in the long run. Policy makers have a tough choice to...

Monetary Policy Monetary policy is the action taken by the Federal Reserve to achieve specific economic goals. The main targets are the inflation and the unemployment rate. Some of the tools used to achieve the goals are open market operations, the reserve requirement and the discount rate. The policies the Fed...

Economic growth is a crucial part of any country. Every nation will aim to improve its economic standpoint by maintaining a positive trend. In this manner, policies will be implemented that will help cause an increase in sustainable economic growth. The financial status of any country can be analysed using...

The government policy makers have to decide to increase the money supply or increase government spending to control the interest rate and aggregate output of the economy. Fiscal policy affects the aggregate demand and distribution of wealth through controlling the taxes and government spending. But when fiscal policy at controlling...

According to Deprez (2015), sharing economy can be defined as an economic model consisting of a peer-to-peer based activity of offering, obtaining or sharing access to goods and services that are aided by an open centred on-line platform. A large number of people have pooled the utilization of assets for...

Macroeconomics is the branch of economics which studies how the entire economy behaves. The key changing factors in macroeconomics are such as inflation, price levels, rate of growth, national income, gross domestic product (GDP) and changes in unemployment. These variables are very important in; determining the functioning of an economy,...

Supply and demand are some of the significant economic issues which are highly regarded by an economist in an organization. The study will specifically look at how the different factors determine demand and supply of specific market goods and the intended market consequences Discussion on the determinants of supply Technology Technology affects amount...