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Economic Growth Economic Recession
874 wordsWhat 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 re...
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U S Economy Desert Storm
1,059 wordsIt is very difficult to predict what American economy will be even in the nearest future. Almost no one is certain about future state of U. S. economy now. U. S. investors are worried about everything from possible war with Iraq to global growth prospective. Many economists are concerned that a war in the Middle East would severely disrupt America's economy. This is because America's modest and uneven growth leaves the economy vulnerable to shock. America is in stage of recovery now. This recove...
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Did Microsoft Violate Antitrust Policy
1,318 wordsDid Microsoft Violate Antitrust Policy? The increase in competition in the telecommunications sector has been a worldwide phenomenon. It is expressed by the privatization of state-owned telephone companies, by deregulation of legal entry restrictions, and by the actual entry of newcomers in markets that have traditionally been dominated by a single firm. However, the road to competition is obstructed by old and new forms of market power, collusion, and government interference. In telecommunicati...
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Social Traps And Environmental Policy
686 wordsSocial Traps and Environmental Policy (1) In his article Social Traps and Environmental Policy Robert Costanza, provides us with the insight on what represents the essence of social traps and discusses the ways of how they can be avoided. According to author, social trap is: Situation in which the short-run, local reinforcements guiding individual behavior are inconsistent with long-run, global best interest of the individual and society (Costanza). The Figure 1, contained in the article, is mea...
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Domestic Producers Trade Deficit
955 wordsThe Classical Arguments For And Against The Tariffs To understand whether the barriers are good or bad, it should be first defined in what conditions trade barriers can generally exists. Assuming that we are living in the best world, we have to accept that there are good arguments for protection, but usually it is better to use some other policies than barriers to imports. The governments have to look for the best policies for their nation and as good as possible for the world as a whole. Many p...
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