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Economics and Engineering
I believe the primary objective for the study of economics is in order for us to find more and more efficient ways to utilize resources. The undeniable fact that man has an almost infinite want, coupled with the finite resources Mother Nature could offer, has led man to resort to ingenious ways to find satisfaction. [...]
The Economic Legacy of Franklin D. Roosevelt:His Plan to End the Great Depression
The Great Depression had a devastating impact on the American economy and the American people. President Hoover’s inactivity and belief in waiting things out left the United States in economic turmoil and in search of a new more dynamic leader. That leader was Franklin Delano Roosevelt who took over the presidency on January 20, 1933. [...]
Sustainable Economy
I. The Asian Economy Bottoms Out In the first quarter of 1999, the East Asian economic region witnessed positive gross domestic product (GDP) rates in South Korea, Singapore, and the Philippines, while Hong Kong and Malaysia reduced their negative GDP rates, beating previous economic forecasts. Looking at the basic economic indicators in the first [...]
New economic policy
After independence, the country’s slogan of ‘self reliance’ proved to be ostentatious in no time. The evolution of post-Independence economic policy had three basic features: autarchic trade policy, extension of public sector, and direct, discretionary and quantitative controls on the private sector. These features interacted in the institutional environment of functioning markets and private [...]
Buisness Economics
Economic Indicators Unemployment Rate: An unemployment rate is the rate/number of unemployed people in a region/country. The unemployment rate is measured by seeing how many people are unemployed out of the total population. However in some small country towns there maybe 50% of the people unemployed where as, in a city like Melbourne the [...]