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Sub-Categories of Economics

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The Role of Unemployment in Today's Economy
Unemployment plays a very large role in the economy today. Over 13% of the United States is unemployed. However there are different types of unemployment, such as: seasonal unemployment, structural unemployment, cyclical unemployment, and frictional unemployment. Unemployment is simply defined as being without a job or the...
1,035 words
4 pages
A Comparison and Transition From Formal Economy to Informal Economy
From Informal Economy to Formal Economy The informal economy has much to offer to both its consumers and its vendors. It is not only successful in the tremendous profits overall per year, but it provides people the opportunity for survival whether that incurs creating a personal business or the chance to purchase necessary...
1,062 words
4 pages
Problematising the Concept of Child Labour in a Capitalist and Heteronormative Society
Problematising the concept of child labour in a capitalist and heteronormative society Discussions around child labour are incredibly complex, especially because the concept of childhood has been re-examined in recent years. This paper will explore how the Western concept of childhood is instrumental in a capitalist and he...
2,668 words
7 pages
The Uses of the Structural Adjustment Programs
While structural adjustment programs (SAPs) and stabilization policies introduced into developing countries by multinational corporations and institutions such as the World Bank (WB) and International Monetary Fund (IMF) do have the potentially to substantially increase the economic growth of a country – they are more often...
1,141 words
3 pages
The Long Term Impacts of the Use of Stimulus Packages on Our Economy
Stimulus Packages: A Problems for the Future? One day after dinner, a tween daughter asks her father why he is so worried about money. She doesn’t stop there but instead questions about what her future holds. The dad thinks for a little while before answering, but decides that she is old enough to know the truth. Twenty...
1,271 words
5 pages
The Success and Failures of Elijah Pierson, Robert Matthews, and Benjamin Folger During the Market Revolution in America
The Market Revolution brought forth many changes during the 19th century. With the introduction of this revolution, America transformed greatly. With more job opportunities, many people left their homes in hopes of becoming successful quickly. Although many people left their homes in search of success, not that many people...
1,336 words
4 pages
The Key Elements to a Successful Public Transport System
Public transport is an important and necessary aspect of modern day society. It can be defined as transport that is available to the public, that charge set fares, and runs along set routes. For example, buses, trains, light rail, ferries and so on. It is essential to be successful when planning and developing a public tran...
1,679 words
6 pages
The Hidden Bounty in the Country of Gabon
When Americans think of the country of Africa, they usually think
about how poor the continent is or how many diseases Africans suffer from.
The truth of the matter is that not all countries in Africa are poor and
helpless. Gabon is definitely an example of an African country that has
used their resources wisely and has be...
620 words
2 pages
The Industries That Fueled the Advancement of the American Economy
The term “driving” is a popular word that many people use today to associate it with operating a vehicle. However, it is a new addition to the English vocabulary as the modern car was not around for very long. The invention of the first ancient automobiles dates back to the 1700s and 1800s, where it was used for war rather...
2,852 words
9 pages
The Change in the Demand of Soda and the Increase in Demand of Substitute Goods
The article stated that soda sales were at their lowest since 2004.
They said it was because of information coming out that the sugar in soda
is causing obesity. This illustrates change in demand, because demand
decreased because new information came out about soda. However, despite
soda demand going down, the article said...
407 words
2 pages
The Lives of the Working, Poor Low-Wage Population in Nickel and Dimed, a Novel by Barbara Ehrenreich
In the year of 1776, with a total population of roughly 2.5 million people, the United States of America was founded on the moral premise that, “by working hard, you would have a good life.” And yet 237 years later, with a staggering population of roughly 314 million people, does that premise still hold true? This highly de...
1,673 words
5 pages
A Class Simulation to Understand the Economic System
Simulation Reaction Essay In order to better understand the economic system, the class was asked to participate in a simulation. The students were given limited time, resources, and instructions, and informed that failure to meet the exact regulations of the assignment would mean a metaphorical, yet still dramatic “death...
1,089 words
4 pages
Marginal Productivity Theory of Income Distribution and How It Works
Income distribution has long been a focus of many economists and educated people. How is it distributed now and if needs be how should this change? One well-known answer to this question is the Marginal Productivity Theory of Income Distribution. While the theory lays out a justification of unequal income in theory, when co...
1,374 words
6 pages
The Common Sense Behind Economics in Common Sense Economics, a Book by James D. Gwartney
Common Sense Economics James D. Gwartney and co-authors argue the basic yet, fundamentals of economics that everyone should know. The common sense behind economics made me dumbfounded and I wouldn’t have seen more clearly if it weren’t for the way Common Sense Economics is written. Everything I learned this semester came f...
525 words
2 pages
A Company Overview and History of the National Association of Realtors (NAR)
National Association of Realtors The National Association of Realtors(NAR) is America’s largest trade association. They are a collective force influencing and shaping the real estate industry. The NAR strive to be the leading advocate of the right to own, use, and transfer real property. The president of the association...
500 words
2 pages
A Review of Nickel and Dimed, a Book by Barbara Ehrenreich
In my opinion, most individuals do have equal opportunities and there are a tremendous amount of illegitimate excuses people use to justify their lack of a higher social class or better financial situation. For instance, in Nickel & Dimed when Ehrenreich was working as a maid she claimed that many of her co-workers were not...
750 words
2 pages
Macroeconomics Exploration of Dissociation
Macroeconomics Exploration of Dissociation Society is feeling the negative effects of the dissociation between the growth of technology and the lack of accommodation to the new machine age, but not all is lost, as humans are gradually learning how to work with these groundbreaking changes as opposed to challenging them a...
501 words
2 pages
The Effects of Racial, Gender and Economic Differences on the Achievement Gap
“Despite academic achievement, pay gap likely continue between the races” When we think about the Achievement Gap, we think about the effects poverty has on academic success. We know it is not race which makes minority students less successful, but socioeconomic status. These children have less resources; they often lack p...
441 words
2 pages
The Unfair Cycle of Wealth and Power in Society
While many people spend many years of their lives accumulating and earning their own wealth for themselves, many more are born into it. To the outsider, this may seem unfair, and after this exercise I can confidently say that as an insider, it definitely is unfair. This activity uncannily parallels the modern social cla...
1,252 words
4 pages
An Analysis of the Mantra of Do What You Love
“Do What You Love,” or DWYL, is a mantra currently engulfing the working community. People are striving to be able to DWYL because they believe that it was make their work more satisfying, ultimately leading to happier life. However, in Miya Tokumitsu’s article, “In the Name of Love,” Tokumitsu argues that doing what you lo...
1,070 words
4 pages
An Overview of the World Economic Pyramid and the Opportunities of Growth or Decline Among the Tiers
This week’s articles were about the World Economic Pyramid and the opportunities of growth, or the lack thereof amongst the tiers of the pyramid. In order for a company to be truly innovative, they need to start from the bottom of the pyramid and make sure that their product or service tailors to every tier starting from th...
337 words
2 pages
An Overview of the Sacred Economy of Ancient Israel
The Sacred Economy of Ancient Israel The ancient Near East can be loosely defined as what is today’s, modern Middle East. Such with any civilization, there existed a form of economy—or at least a system that closely resembled economic patterns. Roland Boer discusses these patterns and the error of the presupposed idea of a...
1,080 words
6 pages
Greece Should Leave the European Union in Order to Improve Its Economy
The Greece Debt Crisis started in 2009, the economy has been in trouble for about 30 years. It started with a massive expansion of the amount of money the government spent within the economy. This continued throughout the next 20 years. The expansion happened because of debt, not a raise in taxes. Eventually, the economy we...
600 words
2 pages
The Effects of the 2015 Stock Market Crash in China on Its Economy
In 2015, it was not going so well for China. China experienced a big stock market crash. It didn't just only affect the people, it also affected the economy of China, as well as other economies around the world. Who would've thought that China would affect others? When one’s country is suffering, we all suffer. There has be...
803 words
3 pages
The Impact of the 2008 Recession on the United States Economy
The recession in 2008 caused a big impact on the usa which the government had to stop. A recession is when the economy is in a economic decline because people aren't spending or investing and the stock market is crashing. In order to stop the recession I would spend more money by buying stocks and creating jobs for the unem...
654 words
2 pages