Macroeconomics Essay Examples and Topics

Introduction The continuous increase in real gross domestic product is what is called real economic growth. Economic growth can originate from efficient production levels or from inefficient production levels. Economic growth can happen with decrease, increase or without any change in the price level. There are various factors that are associated with economic growth and […]

The advantage of Hong Kong relative to other Asian cities is that it is politically, culturally, geographically and economically attached to the largest and fastest-growing market in the world – Mainland China. It remains a highly efficient centre for services and fundraising activities, something that China is in desperate need of. To an increasing number of […]

Introduction Investing in a country’s economy is a step that needs a cautious and critical approach to guarantee a sustainable return on investment. Such a path should not be decided in an ‘instant coffee’ approach as there are many risks involved in making a large investment in a country’s economy, as many factors influence growth […]

Introduction Adam Smith, the Scottish economist, studied at the Glasgow University and the Balliol College of Oxford in England. He taught and published a number of works like “The theory of moral sentiments” in 1759. His publications gave him the motivation to conduct a study on the causes and nature of the wealth of nations […]

Introduction United Arab Emirates (UAE) is located in the Gulf of Oman coast in the Middle East. UAE is a member state of the Gulf Cooperation Council (GCC). GCC is an economic cum political organization founded by Arabs countries that border the Persian Gulf. According to the 2012 GCC economic report, UAE was the second […]

Introduction This essay seeks to present an insight into an emerging economic event in china. China is among the top performing economies in the Asia. Its economic growth has been remarkable over the last years. Local economists predict an increase in the domestic growth. However, this might not be the case because there are some […]

Introduction France is one of the largest and most advanced economies in the world. The country achieved its success through diversification of its economy and prudent management of the public sector finances. Unlike other developed countries, agriculture contributes significantly to economic development in France. The output from the agricultural sector comes from livestock and cash […]

Introduction The human society can generally be divided into urban and rural inhabitants. For centuries, the majority of the global population lived in rural settlements. However, this trend has been reversed in the last few centuries with more people joining urban settlements. In the last few decades, the world’s population has experienced a great transformation […]

There is no country in the world that has achieved self-sufficiency. The only way to acquire things that a country does not produce is to trade with other countries. Interactions between countries involve trade of goods and services as well as investments that generate income. A country receives payment for the services it renders and […]

Introduction The current crisis in the European Union can be a basis for revisiting macro-economic factors affecting the region. The operation and running of businesses in the EU region is faced with many challenges given the current situation. The banking sector and other financial lending institutions are faced with a hard time in financing businesses […]

Introduction Saudi Arabia’s economy continues to attract a lot of attention from foreign investors. “It is one of only a few fast-growing countries in the world with a relatively high per capita income of $24,200 in 2010” (Central Intelligence Agency, 2011). In the recent years, the country has recorder a rapid population growth. This, combined […]

Introduction “Multiplier” is a significant economic factor that measures the increase in money supply in response to fiscal changes in diverse settings. It is instrumental in measuring the output propensity or GDP performance levels in an economy. Indeed, any nation that seeks to balance its resources effectively and achieve high returns or meet its obligations […]

Impact of the welfare State One of the questions that dominated American Economic Status within the last twenty years has been based on the size and operations of the Federal government. Research in recent years reveals that one-fourth share of the nation’s Gross Domestic Product went to the Federal government. There has been tremendous increase […]

What the article is about The theme of the article is brought out in the introduction section of the paper where the author highlighted that he was investigating state building. This is a situation in which the government is involved in the creation of new institutions that serve different functions in the economy so that […]

Abstract Scholars have not yet been able to come into an agreement on a simple definition of the term culture. According to Hofstede (1994) and other prominent psychologists, culture is a system of values and norms common within a society and define the form of living of such a group. However, it is worthwhile noting […]

Summary Written by Adrian Wood, the article Openness and Wage Inequality in Developing Countries: the Latin American Challenge to East Asian Conventional Wisdom, explores the effects of openness and wage inequality especially in developing countries. The conventional wisdom theory of East Asian is analysed in relation to the experience of the Latin America countries in […]

Introduction In the recent years, China has undergone a series of crises and radical changes that characterise its evolution. Consequently, the country has initiated a clear objective to rebalance its economy through promoting domestic consumption. The traditional Chinese society developed under both the imperial and Confucian values and it was later reshaped by the impacts […]

An overview of the crisis and its impacts The 2008 global recession hit hard at many developed economies, of which, the United Kingdom is included (United Nations, 2009, p.39). Primarily, there was noticeable instability that diffused in a multiple sectors such as housing, banking, financial markets and then into all the other sectors. The crisis […]

Abstract The current account deficit in the US rose more than expected in the fourth quarter of 2014 reaching US $ 113.5 billion according to the data released by the Commerce Department. The result negatively exceeded market expectations, which was being anticipated at $ 103.2 billion deficit according to analysts polled by “The Wall Street […]

Introduction From the time when the Great Recession ended, the US economy has steadily grown accumulating up to 8.1 million opportunities; subsequently, collapsing the unemployment rate from 10% to 6.2%. Despite not reaching its original condition, economic specialists posit that the US labour market is now healthy and likely to achieve its former glory in […]

Income inequality in the United States has become a pertinent issue due to the economic developments that have transpired over the last three or four decades. Statistics indicate that levels of income inequality in the United States have shifted to favor families that earn significantly higher incomes. The situation surrounding income inequality levels in the […]

Description of the issue selected Economic development incentives refer to the inducement policies offered by governments to appeal or maintain local and foreign investors (Long 45). Incentives range from a number of policy forms. Notably, the forms center on tax inducements and infrastructure developments (Aronson 67). The types of incentives offered vary based on the […]

Opportunity Cost Opportunity cost is a term that is applied in the microeconomic theory where a decision has to be made between two or more choices. An opportunity cost refers to the choice that is forgone when another choice is made. For a choice to qualify as an opportunity cost, the alternatives should be mutually […]

Introduction A strong, reliable, and sustainable economy is always the objective of every nation across the world. Globally, oil-producing countries have continuously played a significant role in the international economy. The Gulf Cooperation Council (GCC) is a renowned political and economic union, specifically for the Arab states, mainly depending on production of oil for economic […]

Say’s law is summarized as ‘supply creates more demand’. It indicates that activity meant to produce aggregate output with enough income to purchase the entire output produced. The law indicated that insufficient demand for production or excess production was unlikely to occur at the minimum of an extended period. The law explains further that economy […]

Abstract Overreliance on oil and natural gas in economic development has not been stable and sustainable since GCC countries are vulnerable to global economic crises. The prices of oil and natural gas vary with time depending on prevailing market conditions. During inflation, GCC countries gain substantial gross domestic product, which provide an opportunity for enhancing […]

Introduction The term microeconomics is derived from the Greek word mikros which means small. Therefore, in microeconomics, the focus is on individual economic units such as individual consumer or an individual firm or an individual factor owner. Each of these small units seeks to maximize or minimize something (Mukherjee 2007, p. 33). Normally, microeconomics consists […]

Introduction The term macro in English language has its origin in the Greek language term makros which means large. Macroeconomics, therefore, studies economic problems from the point of view of entire economy such as aggregate consumption, aggregate employment, national income, and general price level of goods and services (Jain 2007, p. 4). It is the […]

Introduction Macroeconomics is the study of inflation, unemployment, business cycles, and the growth in the economy substantially from its entirety to the bits. Its focus is on the cumulative relations and appending that analysis with the microeconomic foresights (Colander, 1993: 6). Macroeconomics has four principal aims; to ensure complete employment, achieve equilibrium when it comes […]

Executive Summary Macro-economic factors are factors that affect the wider financial systems such as national, regional, or international economies. These factors span across the whole economy. They affect all industries or many markets. Some of the macroeconomic factors that have an effect on the main industries and economies include unemployment rate, inflation, the Gross Development […]

Introduction Globalisation is the influx of ideas, capital goods, information, and culture in a borderless society (Rajan 3). Over the decades, globalisation has been the buzzword in many economic studies. Aided by market liberalisation and the collapse of communism, economic globalisation has shortened “economic distances” among countries (Westerfield 181). This phenomenon has dominated many academic […]

Introduction The growing trend in the globalization of trade across the world has influenced the manner in which organizations are growing towards the international paradigm. According to Ahearn (2011), current statistics indicate that the global economic power is gradually shifting from developed economies, including Europe and the United States, to fast-growing economies, especially the Asian […]

As of today, it became a commonplace practice among many political observers to refer to China, as the second most powerful country in the world, which continues to affect the world’s geopolitical and economic developments to an ever-increased extent. In its turn, this can be explained by the fact that the economic reforms, which began […]

Every country needs some oil to run its errands, but the oil producing nations (OPEC nations) are few in number. From an economic point of view, whenever the suppliers are few, they tend to manipulate the prices of their products. Essentially, OPEC nations agree on the amount of oil to produce and the prices of […]

Introduction The US is largest and most critical economy in the world. According to EconomyWatch, during the year 2010, the US economy generated “20.218 percent of the global GDP (PPP), which was equivalent to US$ 14.624 trillion” (EconomyWatch, 2010). For the past decades, the US economy has led other economies. However, the world’s strongest economy […]

The oil prices play the important role in affecting the countries’ gross domestic product as the important market and economic value because the oil operations are globally discussed as determining the countries’ economic performance. Changes in the oil prices can influence the economies of different countries significantly with the focus on various channels. Unexpected increases […]

The biofuel has brought a large impact to the economic world based on various sectors. This perhaps could have been due to its broad usage over the recent years. This is especially after the farmers took a step on improved farming skills to come up with significant exploration on biofuels. Some of this impacts brought […]

The recent spate of economic recession in the global economy and eventually national economy has prompted policymakers to consider diverse aspects of expansionary economic policies. To some extent, policymakers have adopted policies that can be considered unconventional and highly aggressive in hope that desirable economic conditions can be obtained. Whereas monetary policy has been used […]

Introduction People earn income for use in various activities including expenses, investments and savings. Expenses refer to all activities where money is used to purchase goods or services that do not generate income. Investments are those that involve depositing money in various activities with an aim of making profits in the future. Savings refer to […]

The Economy of the United States of America is of global interest given its significance in the global economy. This has therefore attracted various interest groups of researchers to embark on the study of the macroeconomic situation of America. Various macroeconomic factors such as inflation, recession, and unemployment just to mention a few have played […]

Introduction William Shakespeare, the famous writer and poet referred to the world as a stage where all of us are merely players (Dimitrova, 2002). These words seemed to be sophisticated because of the difficulty in understanding what he really meant. However, as time has passed by, the words have become clearer to us. The world […]

Introduction With the desire of achieving economic growth and sustainability, many governments of the world always formulate and implement such strategies that will ensure that this long-term goal is achieved. Economic integration is one of the main economic strategies that many states all over the world have come up with. In 1957, several European states […]

Introduction The global economic environment has become more interlinked in the 21st century than ever before because more business enterprises have realized the importance of having trade relations within and outside their countries. Several prevailing factors that have a direct impact on the global economy influence greatly how the world business environment is likely to […]

Introduction The considerably biggest news in the past one week is the discussion over the economy of the United States. Though the economy has been a continuous issue in the media, the recent controversy that is associated with one of America’s most popular leader who has maintained his popularity amidst economic challenges makes this the […]

Introduction Neuroeconomics is the study of the economic cognition based on biological micro-foundations. Biological micro-foundations are neurochemical systems and pathways, for instance, brain mechanism, neurotransmitters and genes among others. On the other hand, economic cognition is cognitive activities that are linked to economic observation, beliefs and decision making process (Rustichini, 2005, p. 201). The field […]

Since its formal creation on December 2, 1971, the United Arab Emirates (UAE) has witnessed dramatic and major economic and social changes (Gonzalez 92). While it was initially a poor country, the country has put the revenue from gas and oil production into good use (Gonzalez 92). Though a rather dry, hot and a country […]

Presentation of economic data for three countries(Australia, China, and Greece ) in charts Economic data refers to statistics for variables that are the key indicators or determinants of economic growth. The following charts represents the economic data for Australia, China, and Greece. Both of these three countries have experienced global financial crisis (GFC) which destroyed […]

Inflation is a situation in the economy whereby the prices of goods and services continue rising while the income of consumers remain the same. During inflation times many people lose jobs and the cost of acquiring raw materials goes up resulting to increases in prices of commodities and many employees are laid off. The government […]

Compare and contrast differences for the respective statistics prepared by the forecasters From the projection carried out by the CBO forecasters, the economic indicators seem to be at the highest between 2007 and 2010. This could well be explained by the economic recession that commenced in 2007. In 2007 however, the unemployment rate given was […]

Entrepreneurs intending to invest in new territories need to consider a number of factors before venturing into new markets. Although these factors vary, entrepreneurs who are interested in investing within the European Union need to examine macroeconomic policies and risks carefully and determine their effects on business. New entrepreneurs need to consider key macroeconomic factors […]

Background to the problem The purpose of this research proposal is to presenting a coordination of changing dynamics of the global investment scenario along with the factors effecting the investor’s motivation to invest in the BRIC region like Brazil. The investment consultants and business houses are most likely to use traditional approach of investment, but […]

There are several economic indicators which can be used to make a forecast about the performance of a company or an organization. In this case, we are discussing such hotel and casino as Caesar Palace. The first indicator is the annual percent change in real GDP. This measurement includes private consumption, governmental spending, and gross […]

Introduction United States of America is the world’s only super power, after the fall of Soviet Union in 1991. This country gained independence from the British Government in 1776 and was recognized as a nation in 1783 following the Treaty of Paris. This nation lacks an official language at Federal level. However, English is the […]

Introduction China is bordered by i4 countries among them include; Mongolia, North Korea, Vietnam and India. The country has a prosperous economy, and that has been diversity in the economy of the country. The research assignment below provides a one-week micro-economic analysis of China. The report focuses on the most important goods and services produced […]

Many at times, persons assuming the highest portfolio in a company find it quite challenging to make decisions especially if they face a plethora of problems that needs quick attention. Ideally, this is a bad situation given that the department ought to realize its objective. Nevertheless, there are many ways of fixing these problems by […]

Since the 2008 economic crisis, the status of the US economy has been undesirable. From this period, the US economy has failed to record any meaningful growth or development. Although there were expectations that the economy would recover after the financial meltdown, the status has not improved. As Foroohar (1) observes, the Obama administration was […]

The Misery Index and the US share of the global GDP from 1960 to 2007 is as shown below (figure 1). The GDP share declined steeply in the 1970s when oil producing countries increased share portion. This trend levelled-off in the 1980s. Even with the strong emergence of the information-technology in the 1990s; the US […]

Introduction The economic environment that is prevailing in the world is very dynamic. This environment has been putting pressure on business in different countries and the international market. The competitive business environment brought about dominance of a number of countries in bilateral and multilateral trade. The outcompeted countries faced the wrath in their balance of […]

International business text has paid particular interest to the study of internationalization and entry mode approaches of companies in various segments. However, very little studies that consider cultural implications in internalization have been accomplished. This paper shall review different literatures on internalization and cultural implications for joint ventures in Saudi Arabia. First, a general explanation […]

Introduction It has been noted so far by the various lecture articles provided in class that labor shortages within various industries comes as direct result of the following examples: companies being reluctant to train their current pool of employees beyond what is necessary, the utilization of hiring strategies that require employees to come with the […]

Introduction Global economies are recovering from a near complete economic collapse experienced in the last three years. Their recovery is slow and uneven and the thought of going back to the “normal” conditions as experienced before the recession is almost nil. This is because economic models and systems used before the downturn have been battered […]

Anthias (2007) and Griffith (1998) argue that, post-industrialization marks the transition where service sector offers more revenue than the manufacturing sector in specific nations. In the 19th century during the industrial age, Britain was the leading nation in industrialization. Britain had founded its empire on the mercantilism era where it emphasized on in-side trading and […]

Introduction The developmental state is a term used to describe industrialised and rapidly developing economies. In these economies, policies that bring rapid economic change are formulated and implemented by the governments concerned. Previously, the term developmental state was used to describe the East Asian economies such as South Korea, Taiwan, Singapore, Hong Kong and even […]

Introduction Over the past decade, many tumultuous events have taken place within the United States. Over the past ten years, there has been a severe economic depression, a terrorist attack, a significant crunch of the U.S. stock markets, mass layoffs, and a meltdown of the housing sector. Unemployment rate climbed to an all time high […]

Introduction The global financial system has remained fragile since the global financial crisis of 2008. Since America was hit most, other economies across the world have remained on the path towards recovery and those in the emerging markets have been rapidly growing as opposed to the US economy. The trends that are considered fundamental in […]

According to W.K. Kellogh Foundation (1998), program evaluation is the “efficiency, effectiveness, and accountability of a department, program or agency.”It applies “systematic measures and comparisons so as to provide the outcome of the program to executives who in turn use the results in making decisions for the program” (W.K. Kellogh Foundation 1998). An outcome is […]

Price Index, Money Supply, Interest Rate and Unemployment Rate The multiple linear regression model of Ancot is a relation equation that shows the relationship between two or more variables by placing a fixing linear equation in each of the variable with regards to the set of data (Ancot et al. 143). In this model every […]

Current macroeconomic situation The United States boasts of being a leading economic power in the world, and as a result, the recent economic recession in the country led to the repercussions being felt in almost all the parts of the world. Recovery from the global recession has generally been slow but consistent; therefore, a return […]

Introduction Background A remarkable literature exists on the investigation of the impact of macroeconomic variable changes on the stock market share prices. A number of models are provided by the existing economic theory which provides the framework to study the relationship (Andreas and Peter, 2). In the globally integrated world of today, access to information […]

As far as economics is concerned, interest rate is the cost of capital. On the other hand, it indicates the rate at which a specific borrower will pay the lender. Therefore, it should be known that interest rate is a very important economic indicator. In this case, interest rates show the prevailing economic conditions of […]

In her book World on Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and Global Instability, Amu Chua comes up with somewhat controversial thesis as to the fact that, contrary to what is being commonly assumed, the process of Globalization, associated with the lowering of trade tariffs and with the enforcement of Western democratic […]

Introduction Macroeconomics is a branch of economics that looks at how the economy of a country performs (Gwartney 3). According to McEachern (187), it considers factors such as inflations, unemployment and employment issues, a country’s trade with others and to a further extend the success and failures of a government’s economic policies. All these and […]

Calculating Real GDP of an economy entails a general summation of the total output produced in an economy. The two main approaches for calculating this output are the Expenditure Approach and the Income approach. The Income approach focuses on the incomes which accrue from the totality of economic activities carried out within the economy. The […]

Introduction The purpose of this paper is to carry out an environmental assessment for a new project and identify both the positive and the negative factors that will determine the sustainability of the project. The environment consists of forces within the organization and others outside the organization which the management has little or no control […]

Introduction The economy is a complex intertwined system consisting of many parts that work collectively to produce output. Principles of economics are wide and diverse. They help in explaining the complexities associated with the economic system, besides providing crucial indicators for economic direction and wellbeing. Though these principles change with economic dynamism, their basic meanings […]

Entire financial life heightened slowly to an average pace since the last report of all Districts except St. Louis with a decline. According to the reports, consumer spending increased unobtrusively in this period. Consumer spending increased on a strong and average speed; during the reporting period there was an increase in retail sales in Cleveland, […]

Introduction Telemarketing can be defined as a method that utilizes direct marketing techniques where marketing and sales persons persuade prospective consumers to buy goods and services from their companies or organizations. Telemarketing is usually done through physical or face to face negotiation, web conferencing or even via the phone but the use of telephone is […]

Introduction There are various reasons for which some processes occur. Internal and external migration in developing countries for instance happen for certain reasons for example better living conditions in terms of attractive salaries and wages, favourable climatic conditions and security. The migration process is also affected by many factors one of it being the economic […]

Gross domestic product refers to the valuation of goods and services produced in a country which are done by the nominal gross domestic products which are reckoned to be the measurement of the value of goods and services produced and expressed as per the current prices and real gross domestic products. It all measures the […]

Research Design The research approach used in the article by Lambert and Coomes (2001) is a quasi-experimental design. The article evaluates the efficacy of the enterprise zone (EZ) program in Louisville, Kentucky, which was initiated in 1980 in response to “a rise in inflation, price hikes, poor monetary policy, and intense foreign competition” in this […]

Introduction The economists distinguish competition as essential to the economic science. They also say that generally the equilibrium is not competition; the Austrians school of economic thought from time to time confuses the two unlike the other schools of economic thoughts (Blecker, 1989). The current models policies are argued upon the general equilibrium structure, while […]

In Economics, there is a difference between Real and Nominal variables. In general, a real variable is the one where the effects of inflation on the economy are factored. Contrary, a nominal variable is the variable where the impacts of inflation do not take care of the. Gross Domestic is defined as ” the value […]

The retail grocery industry has increasingly become very attractive in the recent past. Many firms have realized that this industry is lucrative given the increase of the number of people looking for healthy foods. In order to understand the attractiveness of this industry, Porters five forces will be used. The first force is the risk […]

Trading in the global market means that transactions are done with businesses located in different parts of the world. There are quite a number of challenges that businesses and organizations face while doing transactions based on the CISG treaty. By joining the United Nations Conventions on Contracts for the International Sale of Goods (CISG), there […]

Recent reports and surveys conducted have indicated that the rate of globalization has increased over the last decade. Due to this tremendous increase, the business operations, framework and platform have been forced to change in order to cope with new and emerging markets. Three are various factors that have aided in the significant increase of […]

Poverty has a high negative impact on the environment. In developing countries, while the poor to relative unproductive areas while the rich live in the most productive areas. To sustain their livelihoods in such unproductive areas, there will be little consideration for the environment leading activities like cutting of trees or planting on riverbanks. This […]

Introduction One of the long-standing questions amongst economists relates to whether management practices adopted by firms explain the difference in the level of their productivity especially in emerging economies (Bloom, Eifert, Mahajan, McKenzie, and Roberts 1). According to Green (8), every industry and economic sector is subject to external changes, which are in most cases […]

International economics are increasingly turning out to be an important sphere of research as global markets become highly assimilated. As matters of fact, governments, businesses and consumers have come realize that their existences depend on what is taking place within the international market. International economics is defined as a sphere of study that explores the […]

1. The international economic theory based on the idea of comparative advantage related to the economic globalization and dependent on using the Business Process Outsourcing is reflected in the movie Outsourced (2006) directed by John Jeffcoat. 2. The factor which moves from the source country to the host one is the labor or human resources. […]

Economic hardships like the recent economic meltdown, call for ways of jump starting different areas or aspects of a countries economy. It is for this reason that many countries have in the recent past designed packages to help breathe life into an otherwise failing economy. Foreign direct investment comes in handy to support government efforts […]

FDI Foreign Direct Investment (FDI) is has proven to be a major contributor to economic progress in the modern world economy. The main reason is due to the fact that FDI significantly solves the problem of scarcity of capital in the economy. The fact that foreigners come in with funds to be utilized within the […]

Official cash rate (OCR) The official cash rate (OCR) is defined as the market interest rate for overnight borrowing and lending (King et al. 2011). King et al (2011) define it as the rate that banks charge to lend funds from other financial institutions on an overnight unsecured basis. This rate is a means of […]

Introduction France is one of the largest and most advanced economies in the world. The country achieved its success through diversification of its economy and prudent management of the public sector finances. Unlike other developed countries, agriculture contributes significantly to economic development in France. The output from the agricultural sector comes from livestock and cash […]

Introduction Sequestration is a practice applied in the U.S. federal government to cut the cost of spending. This follows if the government expenditure exceeds the gross revenue in the fiscal year. According to Colander (2010), sequestration dates back to 1985 when the Balance Budget and Emergency Deficit Control Act was formed to impose automatic cuts […]

Introduction This paper examines the connection between property, and urban poverty and spatial marginalization. The views of two articles are used in showing the connection. These articles examine how homelessness is connected to property. Various perspectives as discussed in these articles are highlighted in this paper. Property, and urban poverty and spatial marginalization There is […]

Introduction The US economy has been rated the largest economy in the world. In 2011, its nominal gross domestic product was stipulated to be worth $15 trillion. This figure was approximated to be a quarter of the nominal gross domestic product globally. Currently, the government of the United States is working on expanding the opportunities […]

Liquidity is defined in simple terms as the monetary supply in the financial market in a specific period of time. The manipulation of open market operations affects the level of liquidity in the financial market (Hubbard, 2008). It is not advisable to ignore the kind of impact of open-market operations on the level of liquidity. […]

Introduction: The Sarbanes- Oxley Act 2002 The Sarbanes- Oxley Act 2002 is one of the federal laws in the United States of America that were established with a major objective of protecting investors by improving accuracy and dependability of the so-disclosed corporate information. All boards of directors in public companies, public management, and accounting companies […]

Summary The article “Raising minimum wage would ease income gap but carries political risks” examines the proposal of President Obama to raise the current minimum wage within the U.S. from $7.25 an hour to $9 an hour (Lowrie, 1). His argument centers around his view on how American minimum wage at the present has failed […]

Introduction Examination of an economy can never be complete without the examination of the two sides that make up the economy. These sides entail the demand and the supply aspects that interact with each other to bring equilibrium within an economy. Disequilibrium can cause negative impacts within the society and the economy at large. The […]