Preview

Economic Problem That Egypt Is Facing

Satisfactory Essays
Open Document
Open Document
461 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Economic Problem That Egypt Is Facing
The economic problem in every country does not change, but its level varies from one country to another. This problem is the problem of scarcity. To clarify more, it is the scarcity of resources versus people's unlimited needs and wants. Every country has this problem; people can never be satisfied with what they have, they always want more, and hence their demands for goods and services are endless. Personally I believe that in Egypt, one of the major factors that contributes to a higher or increased economic problem, compared to other countries, is that our allocation of resources is inefficient. If someone studies the Production Possibility Frontier of Egypt, he/she would directly notice that Egypt does not operate on the PPF, instead it operates below it. This indicates one thing, and that is that Egypt is either using its available resources inefficiently, or that it has resources that are simply not being fully employed. Therefore, the economy is operating with low productivity. The economic problem then results to economic problems, such as unemployment, inflation and trade deficit. The major problem, from these economic problems, that Egypt is facing these days is unemployment. If its scarce resources are not being fully utilized, this means that production is low and therefore the supply of goods and services is little. If there is little production, then there are a countable number of people who are going to be working, i.e. employed. There are very limited job opportunities these days, and this is simply a result of inefficient production; this gets us back to the PPF and the allocation of resources. Logically, if scarce resources were allocated more efficiently and put to use, there will be a need for more people (employees) in many various fields to help in production. Thus unemployment will gradually decrease. Another problem is that, in some Egyptian industries, the technology used is inadvanced. Technology, equipment and materials are not being

You May Also Find These Documents Helpful

  • Good Essays

    Described as the "crossroads of western Asia" the Levant surrounded by Turkey to the North, Egypt to the south, Mediterranean Sea to the west, Iraq and northern Saudi Arabia to the east. The Levant consists of the countries of Cyprus, Israel, Jordan, the northeastern tip of Egypt, Lebanon, Palestine, and Syria. Geographically, this area became divided between the coastal plans of the west and…

    • 764 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The Nile River greatly affected ancient Egypt’s economy, culture, and daily life. Life would not be possible without the Nile River in ancient Egypt. The Nile River greatly affected ancient Egypt's economy. One way that the Nile River affected ancient Egypt’s economy, was when the Nile River floods, the water from the Nile River gives a rich black silt to the land.…

    • 344 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    How Did Egypt Change

    • 906 Words
    • 4 Pages

    Sarah Barnard HIST1108 Professor Murphy October 2014 CREATIVE TITLE Life was going decently well in Egypt under the rule of Amenhotep III, however not all good things last forever, and when he passed away, his oldest living son, Amenhotep IV, took the throne. His subjects were not prepared for what was to occur in the coming years under the new ruler. The beginning of Amenhotep IV’s reign didn’t hold too many changes but as the years progressed, one by one, transformations to the Egyptian way of life (religion especially) began to take place. These changes that were initiated were not only in religion, but in art, writing, politics, architecture, and all were based on his new philosophy.…

    • 906 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Egypt questions

    • 496 Words
    • 2 Pages

    2. The significance of Egyptian statues were that those located in tombs serve as a proxy to the Pharaoh should the mummy become damaged as well as to watch over the mummy inside of the tomb. Statues known as ushabti are significant because they are said to take your place in the next world as workers on your behalf. The significance of the pyramids is that they served as a tomb to the pharaoh and a passage through to the afterlife.…

    • 496 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    These challenges of these foreign tribes around Egypt provided opportunities of trade and receiving tribute from the newly conquered lands. This helped the economy of Egypt with the acquiring of gold, slaves, land, and other trade goods. He could not overlook gaining Egyptian control over Syria and Palestine and to continue control over Nubia. This idea helped shape and mold his foreign policy and the new way Egypt would go. All aspects of Egyptian society became involved with this new strategy of national expansion and prosperity.…

    • 1407 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Egypt was the most successful ancient civilization. Ancient Egypt stood as one of the world’s most advanced civilizations for nearly 3,000 years and created a culture so rich that it has spawned its own field of study. The reasons why Egypt was so successful was because the Egyptian people built the Great Pyramid of Giza, developed strong religious beliefs, and the Egyptian scribes made their own picture writing called hieroglyphs.…

    • 767 Words
    • 4 Pages
    Good Essays
  • Good Essays

    in and douse you in it while you sat in the tub. The toilet consisted of a…

    • 896 Words
    • 4 Pages
    Good Essays
  • Good Essays

    I have chosen Egypt as my country for my research. The Egyptian government has played a leading role in appoint and maintaining a religiously strict environment in Egypt that is aggressive to non Muslims and any Muslims who deviate from government endorsed religious norms and customs. This strict environment that stifles independent thinking and religious liberty is the natural breeding ground for Islamist extremists. The U.S should address this root cause of Islamist extremism by establishing and protecting true religious freedom at home.…

    • 800 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Kraft Foods

    • 477 Words
    • 2 Pages

    This case permits students to examine the forces of change that were reshaping the business environment for companies in the food manufacturing industry in the twenty-first century. The case also illustrates the pressures that powerful customers (such as Wal-Mart) can have on industry profitability and the strategic choices of industry firms. Students are also challenged to recognize the limits of cost-cutting strategies in turning around underperforming companies. With a focus on corporate level strategies, the case enables students to develop and evaluate turnaround strategies for Kraft. This case was developed for use in undergraduate and graduate strategic management courses. The case may also be utilized in graduate marketing policies courses to discuss marketing strategies of product line extensions versus development of new product lines.…

    • 477 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    It is no secret that the styles in ancient Egypt—artistic and otherwise—were those of innovative and fashion-forward minds. There were many trends that were adopted by other cultures throughout the history of the world. Many of those trends are still being utilized in modern society and keep evolving into other trends, like trickle-down fashion. However, other aspects such as: society, politics, economics, technology and art development served as influences during that time period of when the trends were set. So, behind the vision of ancient Egyptian clothing, jewelry, and makeup there is much more than just the impulse to decorate oneself, there is desire to standout in every possible context.…

    • 1345 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Did you know that egyptians didn’t get anything back in change for building pyramids with their effort? Well in ancient egypt life was very tough for almost everybody in ancient egypt. They had their troubles in different ways.Great achievement aren’t worth great injustice because they putted all their effort in building pyramids , farming, and helping out people in ancient…

    • 61 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Egyptian daily life

    • 579 Words
    • 3 Pages

    Daily life in ancient Egypt revolved around the Nile and the fertile land along its banks. The yearly flooding of the Nile enriched the soil and brought good harvests and wealth to the land. These days we use most of their daily life. Three most important things in Egyptian daily life were papyrus and writing, food and cookery, and cylinder seals.…

    • 579 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    • Humans have caused this problem because of the little land available for use and the high fertility rate in Egypt. Egypt's current fertility rate is 3.01 children/woman which is incredibly high considering the current population problems they have. As you see from the diagram Egypt’s population has grown by 21% in 10 years that’s 1.8 million people per year!…

    • 401 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Visit Egypt

    • 295 Words
    • 2 Pages

    I am a person who likes to travel. I think traveling is a great opportunity to meet new people, gain more knowledge and experience, learn new customs and traditions. I did not travel a lot yet, but I am sure I will have a chance to do it. So, if I had the opportunity to visit a foreign country I would visit Egypt. I think it is a great and very interesting country with marvellous history. In the following paragraphs I will give some reasons to support my choice.…

    • 295 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Egypt has the most significant educational system in the (MENA); Middle East and North Africa according to the Human Development Index (HDI). Although the educational system had been developing hastily since the beginning of the 1990s, Egypt had been continuously facing serious and accumulated problems in education. An exploding population, an increasing poverty, low literacy rates, drastic injustice in schools qualities; schools in urban areas where the rich can pay for education are better than other schools in different areas, Low teaching salaries and inconsistent funding for the educational system by the government, all led to a decreasing educational quality mainly in the most essential and indispensable part of the educational system which is basic education, also it led many teachers to the road of private tutoring for extra income. Moreover, memorization rather than critical thinking was unwillingly encouraged through physical punishment in schools and homes. For countless Egyptian children fragmented information was the result and that was never considered real knowledge. Yet again as a product of these causes, more and more escalating numbers of graduates are found unemployed. Egypt will continue to face an educational crisis, as lack of well trained teachers, effective schools and developed educational equipment unless a much better financial commitment is made by the government. This essay will first demonstrate the main causes of the educational problem, examine the effects of these problems on the society, discuss and analyze the previously proposed solutions and finally enlighten a solution that will most likely work in our Egyptian…

    • 254 Words
    • 2 Pages
    Satisfactory Essays