Measuring Economic Health

Gross domestic product (GDP) is the entirety marketplace assessment in dollars, of all the goods and services produced by all citizens in a nation, within the boundaries of that country at a given year. GDP is essentially an assessment of the fiscal output used as an indicator to decide on the status of a fiscal […]

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Canada versus China economic system

Introduction Canada and China each have their own unique traits when it comes to their economic systems since each country’s system was a product of their history and their needs in the past. Comparison Both countries are considered well to do nations. Canada belongs to the top ten wealthiest nations while China is one of […]

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Economics of Development

It is undisputable that economic progress involves painful adjustments especially with respect to concepts that are considered to be classical. Most of the classical concepts are replaced by contemporary concepts in a bid to attaining economic progress. For instance, old social institutions are disintegrated to form new ones while persons unable to keep to the […]

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Kenya's Economic Growth

Current status of the economy Economic growth provides a clear benchmark for economy ranking. It indicates the level at which wealth in a country increases over a given period. The level of increase in output of services and goods is used as a measure of economic growth. This is determined by the gross domestic product […]

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Economics

Case analysis It is evident that the wine market in the United States is growing tremendously. The same can be evidenced in European countries. The improvement of the wine quality in recent years has proven that the demand for the product is high, especially in the United States. Moreover, the competition for the US market […]

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China's Economic Development

Abstract China is currently the second largest economy in the world. Sound economic policies had facilitated the China’s rapid rise as an economic powerhouse. The growth of Township and Village Enterprises (TVEs) is synonymous with China’s economic growth. The growth of TVEs is due to several structural changes. This paper will discuss China’s growth and […]

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Economic Analysis of Germany

Major macro-economic indicators 2010 2011 2012 2013(f) GDP Growth (%) 3.6% 2.7% 3.1% 0.9% Inflation (Yearly average) (%) 1.1% 2.2% 1.99% 1.3% Budget balance (% of GDP) 4.2% 0.8% 0.2% 0.4% Current account balance (% of GDP) 6.11% 5.63% 5.65% 5.69% Public debt (% of GDP) 83.4% 81.5% 83% 81% Strengths Germany is characterized by […]

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New Classical Macroeconomics

About New Classical Macroeconomics The new classical macroeconomics school of thought was based on the neoclassical background. This school of thought which originated in the 1970s was formulated by key economists such as by Robert Lucas, Thomas Sargent, Neil Wallace, and Edward Prescott. The New Classical Macroeconomics school of thought attempts to analyse macroeconomic models […]

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Colonialism and Economic Development

Introduction Most developed countries are opting to stop the aid they give to various developing countries. This is due to the fact that countries which were once colonies of various nations from the west are now economically stable. Many of the countries which depended on foreign aid for their development are now able to individually […]

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Urban Economics (New York City)

1. Introduction New York City is the most densely populated city in the United States of America with a population of about eight million people in an area of 784 square kilometers. The five boroughs, which make up New York City, are Brooklyn, Bronx, Manhattan, Staten Island, and Queens. New York City has an estimated […]

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