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Free research essays on topics related to: economic growth

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  • Economic Growth Versus Income Inequality - 1,098 words
    Economic Growth versus Income Inequality For ten years now, our economy has been growing more dramatically than any other time since World War II. . The stock market is at an all-time high. The government is spending less on itself, and more on the people-weve finally achieved a balanced budget. If were doing so well, why isnt everyone getting rich? Most economists point to the fact that the upper class is running away with capitalism-and that the middle class is left to defend itself. Many experts have renamed it the anxious class because most Americans (in fact, 70% of the entire population) isnt living the lifestyle their parents had in the fifties, while the top 5% is more affluent than ...
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  • How James Watt Affected The Economic Growth Of Our Nation - 725 words
    James Watt made many contributions to this country during the Industrial Revolution. He made numerous improvements on the Newcome steam engine, invented the term horse power, and designed the Sun and Planet wheel. He contributed most of his life to make others lives easier and for them to prosper and grow. In 1763 John Anderson asked Watt to repair one of his steam engines which was an early version of a Newcome steam engine. This engine wasted a lot of time and fuel so it was economically inefficient. The reasons for the inefficiency was the cylinder had to be heated when steam was admitted and then slowly cooled down again to condense the steam. This process wasted a lot of time, energy, a ...
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  • Globalisation - Economic Growth And Development And Development Indicators. - 1,674 words
    H2>Outline the differences between economic growth and economic development. Discuss how economic development may be measured. Outline how globalisation may impact upon a nations development. Where appropriate make reference to a relevant case study. Although economic growth and development are similar in meaning, they have some essential differences. Economic growth refers to the increasing ability of a nation to produce more goods and services. Economic development basically implies that individuals of that nation will be better off and takes into account changes in economic and social structures that will reduce or eliminate poverty. Economic development can be measured in a number of dif ...
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  • Economic Growth - 869 words
    What is meant by economic growth? Economic growth is an increase of the in the real level of output. It refers to an increase in a countries annual output of goods and services. The most common measure of this is G.D.P. Economic growth figures must be corrected for inflation. Nominal G.D.P. is not adjusted for inflation whereas real G.D.P. is. Economic growth is also a long-term expansion of the productive potential of the economy. Sustained economic growth should lead to an increase in real living standards and rising employment. Explain the differences between an economic recession and an economic boom. An economic recession and an economic boom are best described using the diagram of the ...
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  • Commercialism Invading Communities In Economic Growth - 1,058 words
    In many growing communities across the nation they are worried about the big developers coming in and making the town into a commercial hellhole. Many are concerned with the economic, social, and wildlife tolls that suburban sprawl will take on the community. A well-known solution to this urban sprawling is smart growth. Smart growth distinguishes the diversity between expansion and the quality of life. Smart growth recognizes the community, but still lets some expansion in through the door. Smart growth is composed of a few key elements design, health, transportation, quality of life, economics, environment, and housing. Saguaro Flats is a growing community and growth is almost inevitable, ...
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  • Outsiders Locking In - 1,010 words
    In the United States something very odd happened during the period of time from the middle of the 1950's up to the impact of the crisis of the 1960's. For once in the storied history of the United States a majority of Americans accepted the same system of assumptions. This shared system of assumptions is known as the liberal consensus. The main reason there was such a thing as liberal consensus was because of the extreme economic growth we experienced in the U.S. during the post World War II era. However, the consensus didn't apply to one important group of people. These were the combat soldiers it the Vietnam War. Their experiences at home and abroad suggest that they were outsiders to the ...
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  • The Transatlantic Slave - 2,865 words
    ... tes often greater than for all other overseas trades combined. Slave mortality usually increased during the last stages of a particularly long passage when there were shortages of food and water. The Atlantic crossing lasted three to five weeks from West African trading sites such as the Gambia, Senegal, and Sierra Leone Rivers. Near the equator, in regions such as the Bights of Benin and Biafra (near present-day Nigeria), the voyage to the Americas took several months. A few French ships transported slaves from Mozambique or Madagascar to the Mascarene Islands in the Indian Ocean and then returned to France via Saint-Domingue in the West Indies, where additional cargoes of captives from ...
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  • Lassezfaire Government - 389 words
    Laissez-faire policy has always been a fundamental principle of the federal government. Between the years of 1860 and 1900, the governments role seems to be very small. New government policies are almost nonexistent and the few policies they enforced were standard government administrations. However, toward the end of the century, economic growth in the US can be linked to direct government intervention. From the mid 1970s to the early 1890s, the federal followed standard government procedure and maintained the national military, conducted foreign policy and collected tariffs and taxes. The national government had little diversions to result in additional responsibilities. The lone exception ...
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  • Entrepreneurial Adventure - 2,294 words
    ... attern of systematic development also characterized American agriculture. In the year 1879, 74 percent of the American labor force worked on farms (Bolino, 34). The figure today is under 2 percent (Bolino, 34). There were some prosperous tobacco plantations in Virginia and Maryland, but most farmers and their families, which is to say most Americans, grew crops primarily for their own consumption. They had already started to barter with each other, and to buy and sell produce in significant quantities. So some specialization had begun. This shift in farming patterns was the real beginning of American capitalism on a broad scale, at least outside the major commercial cities of the eastern ...
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  • Reasons For Involvement In Vietnam - 301 words
    "We hold these truths that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, among these are Life, Liberty and the pursuit of happiness." This statement is taken directly from the Declaration of Independence of the United States of America, written in 1776. In a broader sense, that statement is understood to mean, "All peoples on earth are born equal; every person has the right to live happy and free." Vietnam is a country divided into two parts. The southern half, the half below the 17th parallel, has a population of about twelve million people. These people are free, but poor. Their economy is weak. The average individual income was less tha ...
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  • Analysis Of Albert Bierdstats Among The Sierra Nevada Mountains In California - 983 words
    Albert Bierstadts Among the Sierra Nevada Mountains in California is a scenic canvas oil painting on display at the National Museum of American Art in Washington, DC. Created in 1868, this enormous painting is approximately six by ten feet in size (Honour and Fleming, 2000). The subject matter of this piece is typical of Bierstadt, who is known for his detailed landscapes, especially those of the Rockies and Sierras of the American West. Collectively, Alberts works are manipulated and slightly idealized scenes based on actual places he visited. Albert Bierstadt (1830-1902) was born in Germany and at the age of two, he moved with his parents to Massachusetts. In his early twenties, he studied ...
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  • Hong Kong Prechina Takeover - 818 words
    In a part of town, there was a carnival atmosphere. In another, a somber rally and march followed by a candlelight vigil. Itss clear that one year before China takes control, the people of Hong Kong are divided in their feelings. A period of more than 150 years of British colonial rule ends at midnight on June 30, 1997 when Hong Kong and its 6,000,000 people will be handed over to China. Despite a warning that they will not be allowed to enter China, seven elected Hong Kong officials vowed to go ahead with a trip to Beijing. They will be carrying a 50,000 signature petition protesting Chinas plans to replace the legislature with an appointed body. We are afraid that our free lifestyles, the ...
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  • Miami - 1,588 words
    Known as the major international trading hub of the Americas, Greater Miami's business community, people, neighborhoods, schools and architecture all exhibit a cosmopolitan character. The proximity of the Caribbean, Central and South America plus superior seaport and airport capabilities provide this area with a distinct advantage as a global trading center. Long acclaimed for its physical beauty and advantageous climate, Greater Miami also continues as a prime tourist destination. Greater Miami includes all of Dade County, an area of more than 2,000 square miles. Residents and visitors enjoy plentiful green space and 84 miles of coastline. Skirting the southeastern shoreline is Biscayne Nat ...
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  • Foreign Exchange Market - 1,607 words
    The foreign exchange market is one of the most important financial markets. It affects the relative price of goods between countries and so can affect trade. It means that it affects the price of imports and so affects a countrys price level (inflation rate). It also affects the international investment and financing decision. In this project, we will try to find why exchange rate would give many risks to a company and how a company can hedge itself. The price of one currency expressed in terms of another currency is called an exchange rate. With the price it is normal to quote them as the price for one unit of the good. The price of a jacket is how much you have to pay to get 1 jacket. The ...
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  • Business Plan - 4,326 words
    The following document is a sample of a finished business plan. In your final plan, you have the opportunity to elaborate on those ideas in your outline that you feel are most integral to your business. In composing your business plan, you can follow your outline as loosely or closely as you choose. For instance, in the sample plan, the Executive Summary, which is the last section of the Business Planning Wizard, is presented first in order to emphasize the most impressive features of the business. Your goal in composing a finished business plan is to construct the most comprehensive, thorough document possible, in order to attract investors and to confirm that you have taken the time to exp ...
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  • Pakistan - 2,942 words
    ... ect to their approval, but even small price changes in consumer products are also dependent on their assessment.  Either the mission is visiting the country and having meetings with various government departments, or the heads of these departments are rushing every week to Washington to plead for more time and/or money. This is reminiscent of countries like Brazil and Russia in the 80s and 90s when they were drowning in debt and faced mounting poverty. And did the IMF and World Banks policies help them recover? The answer is No. In fact they made the situation much worse. From 1980 to 1989 Brazil paid $148 billion in debt servicing on a loan of $ 64 Billion. Ten years later, havi ...
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  • Growth Of Nys Business - 1,339 words
    For a number of reasons, business enterprise in New York grew by leaps and bounds between 1825 and 1860. New York's growth between the years 1825 and 1860 can be attributed to a number of factors. These include but cannot be limited to the construction of the Erie Canal, the invention of the telegraph, the developed of the railroads, the establishment of Wall Street and banking, the textile, shipping, agriculture and newpaper industries, the development of steam power and the use of iron products. On October 26, 1825 the Erie Canal was opened. The canal immediately became an important commercial route connecting the East with the Ohio and Mississippi Valleys. With tht time of travel cut to o ...
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  • Mic Problem - 1,301 words
    For a number of reasons, business enterprise in New York grew by leaps and bounds between 1825 and 1860. New York's growth between the years 1825 and 1860 can be attributed to a number of factors. These include but cannot be limited to the construction of the Erie Canal, the invention of the telegraph, the developed of the railroads, the establishment of Wall Street and banking, the textile, shipping, agriculture and newpaper industries, the development of steam power and the use of iron products. On October 26, 1825 the Erie Canal was opened. The canal immediately became an important commercial route connecting the East with the Ohio and Mississippi Valleys. With tht time of travel cut to o ...
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  • Chinese Economic Reform - 2,360 words
    ... China Plant." New York Times sct. D4). In addition, E.I. du Pont recently predicted "that its investments and business in China could increase as much as ten times by the end of the century" ("Du Pont Plans Increase In Chinese Investment." New York Times, sct. D2). Tellingly, du Pont's chairman attributed the company's negotiations of "as many as 28 new projects in China" to the fact "that the country's financial changes, improved infrastructure and rising disposable income has encouraged the company to expand its business activities" (Du Pont" pg. 23). The Chinese government has made conscientious attempts to promote the strength of the country's economy while protecting its citizens. ...
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  • Atise - 1,190 words
    Daekwon the chef and Rza Shogun, Sergio Suarez, Sylvia Lin, Anne-Sophie Young A Treatise on the Value of Economic Indicators The US Economy and Economic Indicators The United States economy is the strongest and the most affluent in the world. Besides having the highest GDP (Gross Domestic Product), the United States has a complex system of regulating economic policy and controlling the money supply. The system also regulates banks and financial institutions, and even has a central bank (Federal Reserve Bank) that decides on significant issues, such as raising interest rates. There are many economic indicators that affect the economy such as the CPI, which is the measure of prices at the cons ...
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