Consumerism is the idea that increasing consumption is the best way to improve a country’s economy. It involves putting the needs of the consumers first and could be the motivation behind terms such as, “The customer is always right.” Furthermore, consumerism enables consumers to have access to luxury goods (Barber...
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In the article “Homelessness has a black face” in the HuffPost, the article states that the scale of homelessness in the United States is reaching an alarming, especially among the African Americans. In the state of California, the number of homeless people has reached critical mass mainly due to unemployment...
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The Changes in Population The changes in population in the state of Texas are demonstrable by a consideration of documented demographics from census and population estimations provided by the US census bureau. Population Estimates of 2016 The population estimates of 2016 show that the majority of residents in Texas are whites, numbering about...
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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...
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This paper focuses on the impact of pricing of goods on families living below the poverty line. The discussion uses a family comprising of one teenage boy and an adult. The family has $40 should be spent on groceries to be used who a whole week. The shopping was done...
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Abstract: A large number of the US workforce is made up of immigrants. The research aims at establishing the impact of immigrants on the US economy. A descriptive research design was used to develop data on the immigrants in the US workforce. The study concludes that immigrants have positively impacted...
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Economic Efficiency and Equity Economic efficiency is the process by which resources in a particular state are allocated optimally to individuals while ensuring that waste of resources is minimized. Therefore, in an economy whereby the resources are efficient, they must be distributed equally so that no harm can be caused to...
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The consequences of curtailed immigration into the US The consequences of curtailed immigration into the US result in both positive and negative effects based on different economic sectors in the nation. The study analyzes the impacts of controlled movement of native workers, firms, consumers and significances on workers and household from...
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Economic globalization is the increase in inter-country dependence of the world economies which can be attributed to the growth of the trade between countries in terms of service provision and commodity exchange with the help of advancement in technologies (Edward Elgar 2012 Pg. 2). It reflects on the growth of...
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Common Property and its Role in Addressing Common Problems Common property refers to items, equipment, or property that has two or more owners. Goods from the natural environment, such as oceans, wilderness, and the atmosphere, are also termed as common property. In the past three decades, there has been a significant...
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Poverty Poverty is the state of being economically inadequate or inability to afford normal basic needs, and living at the expense of fewer than two dollars per day. However, the definition of poverty differs from one country to another. The living standards of someone considered poor in the United States could...
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The Importance of Stock Markets in Economic Growth The tremendous economic growth witnessed in developing countries over the last decade can, partly, be attributed to entrenchment and strengthening of the free market policies. Such policies include those designed to encourage local and international firms to list in the respective countries’ stock...
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