...cuando el producto interior bruto de un año es mayor al siguiente significa que ha tenido un ahuge economico, ha sido bueno mientras que el producto interior bruto de un año es menor que el del año anterior significa que estas en una recesion economica, crisis las tasas de interes a las que prestan dinero a los paises, banco presta dinero al pais españa la tasa a la que el banco central europeo le presta el dinero cuanto mayor sea la tasa de interes esto significa que le cuesta mas endeudarse una tasa de interes alta se debe a que hay poca confianza en que el pais vaya a devolver la deuda - altas tasas de interes significa que el pais no esta en una buena situacion economica y esto hace que las tasas de interes sean altas esto significa menos creditos a las familias y se consuma menos y que las empresas inviertan menos, esto es negativo porque el producto interior bruto esta formado por consumo, inversión, gasto público, y exportaciones netas (exportaciones menos importaciones) si baja el consumo por que no hay dinero y las empresas bajan su inversion esto significa que el produto interior bruto de el pais va a bajar es decir en consecuencia (tasas de interes altas baja el producto interior bruto y por tanto hay recesion economica) (esto pasó en españa, los bancos no han dado creditos y la gente no puede consumir - se colapsa el consumo y se colapsa la economia porque esta basado en el consumo La tasa de desempleo el numero de personas que estan sin trabajar cuanto mayor...
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...Economic situation of Italy during financial crisis and outlook for the next years Abstract This work takes into investigation the situation of Italy during the initial phase of the financial crisis that begun in 2008 and next we have gone through the short-term recovery in 2010 till the return of the bad results in 2012 and negative predictions for the future. We have analyzed the background of Italy economy, the main economic measures and the actions taken by the Italian government to recover the financial situation of the country. In the following chapters we have reviewed the most important financial ratios as gross domestic product, public debt, budget deficit, inflation and others. We have analyzed the historical data, trends of the ratios and tried to predict the future situation taking into consideration the economic factors as well as the political circumstances coming from the last elections in Italy in February 2013. Finally we have concluded the highest risk of Italy’s financial standing that comes from the rising public debt, rising unemployment level, lowering consumptions and investments and ineffective redistribution of public funds (high corruption). We predict that mostly due to the political results of last election and lack of the willingness to implement the structure reforms the financial standing of Italy will be getting worse in coming years. The main threat is raising public debt that will require higher costs to serve it and can lead in...
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...UNITED STATES ECONOMIC SITUATION: The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $49,800. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Crude oil prices doubled between...
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...marketing”(Egan, 2008: pg 7). During the period of conceptualization (Bartel, 1976), which durated from 1910 to 1920, the word ’marketing’ gained new meanings. It wasn’t necessarily referred to commerce anymore, then Ralph Starr Butler (1882-1971), a pioneer in marketing, taught that ’’marketing was all about coordination, planning and the management of complex relationships”(Butler cited in Egan 2008: pg 7). The effects of the 1929 crisis were critical, nevertheless, instead of coming up with new theories in the decade between 1930-40 the development of existing concepts was the mainstream idea. (Egan, 2008:pg 8). However, despite the development of these theories and the increasing attention on the customers viewpoint,the US economic system was about...
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...A Short History and Summary of the Current Conditions in Chile and Its Geographical Situation Stephanie McFearin HUMN 305-Q3WW A Short History and Summary of the Current Conditions in Chile and Its Geographical Situation Geography and Background Chile is a country situated on the west coast of South America. It is also known as The Republic of Chile. The size of Chile is 289,112 square miles with a width of less than 100 miles. It is basically a little larger than Texas. Chile is divided into three main parts, mainland and two territorial islands named Isla Sala y Gomez and Easter. Chile has an interesting history and it has seen many ups and downs in its economic development (Hudson, 1994). A description of the history of the 20th century of Chile and its current economic and political situation is presented below. The history of the 20th century of Chile is mainly focused on its entrance to the parliamentary system and thus it saw the changes in its political situation. In the beginning of the 20th century, Chile was stable despite of having lesser power in the hands of presidents. During this time, congress selected the president for the country. The presidents of this century mainly includes: Germán Riesco Errazuriz, Pedro Montt, Ramón Barros Luco, and Juan Luis Sanfuentes. During the 1920’s, there was an increasing gap between the middle class and lower class of society (Bizzarro, 1987). Due to this gap, the masses were dissatisfied and they called a new leader...
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...Essay Which of the two major approaches to Economic policy (Keynesian or Classical) will lead the USA out of the economic crisis faster? What are two differences between those two types of economic policies? This topic is very much of current interest because the U.S. economy is having quite a hard time these days. In order to properly review the problem I believe it is important to look deeper into the economic crisis of the United States. The problem with the US economy is very complex. One of the key problems lies in the huge public debt that accounts for $ 14,710,435,135,562,26 as of September 19, 2011. The problem with an enormous public debt of the U.S. is accompanied by the expansion of government spending which takes place at an exponential rate. The federal spending is almost 18 times higher than it was back in 1970. The third outstanding aspect is the huge amount of unemployed labor in the United States. The unemployment rate as of September 19, 2011 exceeds the 10% mark. The other sides of the critical economic situation include high levels of inflation and household debt and the following decrease in purchasing power of the population. The governmental bodies usually exploit one of the two major approaches to Economic policy. These include the Classical and the Keynesian approaches. The Classical economics theory employed the idea of economic liberalism which included the notion that economic laws are similar to the laws of nature. The action of these laws...
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...that stocks are a form of equity investments which represents ownership in a company for the investor, and bonds are debt investments from which the investor earns interest on from the bond issuer. Both forms of investment assets correlate with each other in terms of prices increasing and decreasing over periods of time. Stock market prices and Treasury bond prices both fluctuate due to changes in different economic factors. Factors in the economy sometimes moves stock and bond prices in opposite directions yet it also sometimes moves them in the same direction depending on the current situation taking place in the economy. Bond and stock prices are both affected by different things in the economy. Bonds are affected most greatly by interest rates and in turn are a function of current market interest rates. The prices for which bond issuers sell bonds for are correlated with the interest rates of the bonds. When interest rates rise it causes the prices of bonds to fall and vice versa in order to make bonds attractive for investors to buy. While many different economic factors affect interest rates in the economy, bond prices are most directly affected by the increase and decrease of interest rates. Stock prices are affected differently than bond prices. One factor that affects stock prices is supply and demand in the economy. If more people want to buy stocks than sell them, then the prices of stocks will increase due to higher demand and vice versa. Stock prices...
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...Economic Recession: Causes and Effects Student’s Name University Affiliation Economic Recession: Causes and Effects An economic recession is a slowdown in economic activities such as employment, distribution, production, real income and real GDP. The 2008-2009 economic recession was the longest in duration and deepest in contraction since the great depression of 1929-1932, (Roberts, 2009). Its causes were mainly preventable through a series of legislations and so it can be avoided in the future. This paper champions the thesis that the recent economic recession was largely avoidable, but the application of inappropriate economic strategies as presented below caused its occurrence, and has so far had overarching effects on the world. According to (Simpson, 2009), the recession was the direct and unavoidable result of the credit boom that preceded it. First, the credit boom was partly a result of low interest rates that lasted too long, facilitated by governments and their central banks. This resulted in the build-up of a credit bubble. Secondly, governments failed in the role of regulating the credit market. This encouraged borrowing of those who were least able to repay, resulting in an increase in demand of properties, (Bessler, Leatham and Zhang, 2006). Once demand had risen, property prices went up, attracting more investors into the market. Then the desire for profit was overtaken by the fear of loss as the market was flooded with...
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...Review of Related Literature and Studies This chapter wants to provide important thoughts, ideas and findings from different researchers and authors. This chapter also cites other related studies relating to the problem of household financial management. It discusses the relationship between mothers spending behavior and their knowledge in financial management. Related literature According to Lusardi and Mitchell, 2009 financial knowledge is Increasing knowledge about the financial matters that enhances an individual’s ability to make informed decisions about how to control and manage their finances. Financial knowledge has implications for how individuals spend, save and invest money, as well as how they budget and set monetary goals. Research shows that lack of financial knowledge is related to debt (Norvilitis et al., 2006) and increased knowledge can lead to individuals engaging in positive financial practices and fewer risky ones (Borden et al., 2008; Hilgert, Hogarth, & Beverly, 2003). Adults with better financial knowledge are more likely to plan for retirement and engage in financial practices that lead to asset accumulation. Normally, gains in financial knowledge can be tested immediately upon completion of the program, by asking participants a set of questions that cover a range of personal finance topics. Ideally, both pre and post-tests should be implemented to effectively assess a program’s impact on individuals’ financial knowledge, assuming that participants...
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...Scarcity: A situation in which unlimited wants exceed the limited resources available to fulfill those wants. Economics: the study of the choices people make to attain their goals, given their scarce resources. Economic model: A simplified version of reality used to analyze real-world economic situations. Market: a group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade. Markets three important ideas:1.people are rational 2.People respond to economic incentives. 3.Optimal decisions are made at the margin. Marginal analysis:Analysis that involves comparing marginal benefits and marginal costs.. Trade-off: the idea that because of scarcity, producing more of one good or service means producing less of another good or service. Opportunity cost: the highest-valued that must be given up to engage in an activity. Three fundamental questions:1. What goods and services will be produced? Consumers, firms, and the government face the problem of scarcity by trading off on good or service for another. 2. How will the goods and services be produced? Firms may need to choose between a production method in the united state that uses fewer workers and more machines and a production method in china that uses more workers and fewer machines. 3. Who will receive the goods and services produced? People are willing to give up some of their income-and, therefore, some of their ability to purchase goods and services- by donating...
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...ECN 400 WEEK 3 SITUATION ANALYSIS To purchase this visit following link: http://www.activitymode.com/product/ecn-400-week-3-situation-analysis/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECN 400 WEEK 3 SITUATION ANALYSIS ECN 400 Week 3 Critical Thinking: Situation Analysis (Hospitals) (70 ) Select an article in a newspaper or magazine that discusses a government policy on goods or services. Analyze the situation and in 600-1200 words: • Summarize the article using at least three economic terms and theories covered in class. • Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s). • Draw a supply and demand graph to explain this change. Be sure to label your graph and clearly indicate the change of the curve. ECN 400 WEEK 3 SITUATION ANALYSIS To purchase this visit following link: http://www.activitymode.com/product/ecn-400-week-3-situation-analysis/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECN 400 WEEK 3 SITUATION ANALYSIS ECN 400 Week 3 Critical Thinking: Situation Analysis (Hospitals) (70 ) Select an article in a newspaper or magazine that discusses a government policy on goods or services. Analyze the situation and in 600-1200 words: • Summarize the article using at least three economic terms and theories covered in class. • Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s). • Draw a supply and demand graph to explain this change. Be sure...
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...Community development is the process through which the efforts of the people themselves are united with those of change agents, with the main aim of transforming the society from an undesirable situation to a desired situation. A desirable situation in this case can be referred to be a situation in which the different people involved get to a better living standard. On the other hand, Economic Development implies progressive changes in the socio-economic structure of a country. It means a process where nations achieve higher standards of living, often through the increase of the real national income and also the per capita income of the individuals in an economy for some period of time. It occurs in a long time period and involves the change of different aspects of the economy. Economic development has many qualitative and quantitative indicators such as economic growth and Human Development Index. In fact, It is important to recognize that economic development and community development are not the same. Community development is a process for making a community a better place to live and work. Economic development is purely and simply the creation of wealth from which many community benefits are created. There are certain factors which affect community development and economic development. One of these factors is the role the government in the given region plays. The government plays a big role in development of all sectors in an economy including the community. Resource...
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...70% while its closest competitor Red Ribbon was a distant second with about a 14% market share. Expansion and marketing strategy for the future was on the minds of Goldilocks management like increasing retail outlets and opening stores outside of Metro Manila. Goldilocks did not just stop there, but they set a goal to at least get 30% revenue growth every year for the next three years which could be difficult considering the economic environment after the recent Asian regional crisis. II. ENVIRONMENTAL SCANNING - PORTER’S 5 FORCES ANALYSIS • Bargaining power of suppliers Large number of suppliers (Given situation and present situation) Philppines has huge primary industry. It means there are plenty of suppliers are existing. Suppliers are even larger than consumers. And that is why philippines even exports their grains to overseas. Conclusion : this industry has very low bargaining power of suppliers • Bargaining power of buyers Economic growth...
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...Mongolian Economic Issues Mongolia has many problems and issues as such as Economic. It is a one of the biggest issue of mongolia because the country exist on economics and other situations which means if the state development related into economics and politics. Why mongolian economic has been decreasing, because it influences lower gross domestic products and increasing unemployment. Many public and private companies and organizations couldn't give overtime payment and enough salaries and bonuses for overtime then employees and employers don't like that conjuncture. There is an important thing which enough salaries and higher prices of goods and products. So many people leave their major jobs and attending where and which companies or what kind of businesses give more income then they more interest those jobs which are foreign countries industries and manufacture. And there are many unemployments because they had not know enough education and knowledge for working force. On other hand, Mongolian currency is a very low as other countries and government didn't help small and mid businesses if we maintain them, then our industrial function and economic will growing and increasing gross domestic product. High foreign currencies more influenced our economic situation and market. Because mongolian currency affected GDP and goods prices which means our country product price is much higher than other developed countries so state government didn't attention to currency balance...
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...Great Depression compare to The Current Economic Recession affecting the US American history from 1877: How the Great Depression compare to The Current Economic Recession affecting the US. Introduction In 1929s, a global depression hit countries with market economies. Despite the fact that the Great Depression was moderately gentle in some nations, it had very severe effects on others, especially the America. In the United States, the great depression went down in history as one of the worst economic crisis, which left a deep-seated situation, leading to joblessness, starvation and homelessness for over a decade in the US. The Great Depression in America also led a great global depression, as typically each industrialized economy including Germany, Italy, Japan, Britain, France, and others, was completely destructed. Various economists and the media have often linked the current economic crisis that heightened in 2008 to the great depression which occurred decades ago. Looking at the implications of the great depression and what is happening today, clearly there are several direct similarities between the two economic crises. Through a brief analysis of the two economic scenarios, this paper hence aims to show how they are related. What are the similarities with the current financial crisis? Some of the similarities between today’s economic situation and the Great Depression of 1920s include: High rates of unemployment- Economic forces are the main causes of unemployment...
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