Economics

A complete analysis of the Indian economy has been done within this document. The analysis of the various factors contributing to poverty in India has been discussed with the main focus on the effects of poverty alleviation mechanisms on education systems in India. The survey compares the economic development and the expansion of the various sectors of the economy to the education systems within the country. The major issues affecting poverty alleviation have been identified as discrimination against...

There is a growth within the global markets, with countries ever becoming interdependent worldwide, thanks to an increase in the variety and volume of over the border transactions of both goods and services, international flow of capital and also the ever changing and diversification of technology. This interaction of economies also known as globalization is one of the major factors that influence the oil and petroleum industry worldwide, producing the oil shocks that have now become so common....

An economic system can be defined as a set of principles employed in the process of deciding, organizing and allocating economic resources in the society. It encompasses various processes like organizing labor, producing, distributing goods and services in return for surplus or profits which are then reinvested or circulated among the producers and controllers of the system. Types of economic systems include capitalism, feudalism, and slavery among others. These economic systems mainly differ in...

It is conceptually possible for a majority of rational individuals to vote for a political outcome that few of them prefer. Suppose that there is an economy composed of individuals A, B, C deciding the best political outcomes, X, Y, and Z. A prefers X to Y to Z B prefers Y to X to Z individual C prefers Z to X to Y. If C has a higher expressive preference than A and B, then he can brive either A or B to vote for Z (compensation for the opportuntity cost). There is another way for distorting the...

Classical and Keynesian Traditions remain the primary constituents of the mainstream macro-economic thought in the United Kingdom and the world at large. Considered the first school of economic thought, classical theory is built upon the premise that purely free markets can regulate themselves independent of any human intervention. It affirms that there is a tendency of markets to move towards a natural equilibrium without any intervention. The paper analyses the two school of economic thought critically...

Investment is the most situational of events that face an individual. The environmental factors deemed unfavorable could actually present the best opportunity for establishing a strong portfolio. The only necessity is a magnificent amount of information and sufficient funds to finance the venture. Summary The reprieve from the economic crisis that affected the availability of credit presents the best scenario of investors who are willing to reap huge benefits from investing in the high-valued stock....

The new Apple iPhone contains technological locks which tie the iPhone to the mobile telephony services of a particular third-party mobile carrier, a new development in technological tying, and much more likely to be unlawful in Australia. Clapperton  Corones (2007). Why should the American economy be concerned with this new development in technological tying What is tying and what are the effects of tying If such new tying is on the verge of being considered unlawful in Australia should...

Money spent on education and training can be described as investment in human capital similar to investment in physical capital. Just like physical capital, human capital produces a rate of return inform of higher earning. In America, the rate of enrolment in school has been increasing continuously such that in 1970, the percentage of high school dropout in the labor force was 36 while in 2006, the rate reduced to 12. College attendance increased during the 1980s as the premium in the college-high...

The economy is experiencing a sharp rise in the inflation rate. What change in the Federal funds rate would you recommend How would your recommended change get accomplished What impact would the actions have on the lending ability of the banking system Any economic model under a monetary system is susceptible to inflationary pressure. A rise in inflation rate has dire consequences economic variables such as investment spending, consumption and income. This paper intends to discuss the impact of...

U.S. Marine Corps Reserve Toys for Tots Program For the purpose of this paper the charitable organization chosen is the U.S Marine Corps Reserve Toys for Tots Foundation. A charitable organization is taken to be a not-for-profit organization that normally provides or gives its services, at no cost to the beneficiary, to a particular group of people or in some occasions to the general public. Charitable institutions do not normally offer their services for a profit but they may record surplus revenue...

International trade has become indispensable to all countries in the world.   This trade involves trade between two or more countries. Many countries in the world have opened up their economies and employed specialization strategy in trade so as to gain from trade where they have a comparative advantage. International trade has become a sure way of ensuring economic growth and consequently economic development. The classical economists postulation that a country can gain from international...

Economic development is often described as improvement in living standard of a countrys citizen as a result of increased economic growth of the economy. For economic development to be considered to have taken place there must be sustained growth to a high income economy from a simple low income economy. The United State of America is a good example of a developed economy while the economy of the Republic of China is an example of a developing economy. As more countries struggle to attain economic...