The evolution of inflation between 1989-2000- short overview As in other centrally planned economies‚ most consumer prices in Romania were fixed before the 1989 revolution. However‚ with the liberalization of economic policy dramatic changes occurred and high inflation was‚ and still is‚ expected to remain one of Romania¡¦s key short-term economic concerns. The evolution of Romania¡¦s annual inflation rate (year-end to year end or one year inflation) after 1989 started with a relatively moderate
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SOCIO-ECONOMIC PROBLEMS OF PAKISTAN Outline: •Introduction Pakistan is a resource rich country but due to incompetent politicians‚ strong generals‚ weak judiciary‚ conservative Ulemas and controlled media‚ it is facing socio-economic‚ political and religious challenges. • Problems Faced By Pakistan At The Time Of Inception From its very inception‚ Pakistan faced a large number of problems. Some of the initial difficulties were 1. Choice of Capital and Establishment of Government
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in order to stimulate an economy and reduce unemployment‚ there is a potential problem known as “crowding out”. to run a budget deficit‚ the government has to borrow money. this is done by selling government bonds‚ including treasury bills or treasury bonds. these are sold to financial institutions who then sell them on to people who want to increase their savings. essentially‚ the government is increasing demand for the savings‚ or loanable funds‚ that are in the economy. the consequences of the
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world’s population‚ the U.S. was consuming 33 percent of the world’s energy. At the same time‚ America’s economy accounted for a quarter of total global production‚ meaning US workers were over 5 times more productive than the global average (because of their advanced industrial sector‚ which accounts for the bulk of energy usage). The fall of the dollar U.S. economic policies had an important effect on the crisis. While the OPEC boycott was an immediate trigger‚ historians increasingly see the crisis
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Economic Effects In October of 1973‚ OPEC announced that it would increase the price of oil by 70% by cutting production by 25% and a production cut of 5% each month after (Yurgin). At the time‚ oil was selling for $3. This shock caused the price to increase to $5.12 (Reid). Two days after this initial shock‚ the price increased again to $11.65. This would cause a new aggregate supply curve left of the original supply curve (decrease in supply). This didn’t have a great effect on demand because
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Wal-Fail Wal-Mart does not benefit the American economy. It is a privately owned business that was established in 1962 by Mr. Sam Walton in Bentonville‚ Arkansas. Walton opened Wal-Mart as a one-stop shop providing services at unbeatably low prices. Wal-Mart has opened many stores‚ and its development dominating most parts of the American society. Arguments have been raised on the implications of these low prices to the U.S economy and its communities. Film maker Robert Greenwald highlights
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Table of Contents I. II. III. INFLATION IV. V. MEANING VI. Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. The price of only one commodity rising but the price of other commodities falling or the increase in the price of a commodity during a day is not termed as inflation. VII. For example‚ let’s consider that there are only two commodities: bread‚ and paper money printed by the government. In a year when there is
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industrialized economy and basically comprises of textiles‚ chemicals‚ food processing‚ the agricultural sector and various other industries. It is a surprising fact that Pakistan’s economy is the 27th largest growing economy in the world when measured in terms of Purchasing Power Parity (PPP). The economy has suffered from political instability‚ rising population growth rate and a war of words with the neighboring country India which has proved to be very costly for Pakistan’s economy. There is worldwide
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Iyengar sanjay ! ENVIRONMENTAL DEGRADATION AND ITS EFFECT ON INDIAN ECONOMY The environmental problems in India are growing rapidly. The increasing economic development and a rapidly growing population that has taken the country from 300 million people in 1947 to more than one billion people today is putting a strain on the environment‚ infrastructure‚ and the country’s natural resources. Industrial pollution‚ soil erosion‚ deforestation‚ rapid industrialization‚ urbanization‚ and land degradation
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value added. But it is not previously included in the national accounts. (iv) Coking coal Intermediate goods – as an ingredient it used into the production of other goods. As iron and steel‚ steam. Except being sold by exporting. (b) An economy produces final goods and services with a market value of $900 billion in a given year‚ but only $875 billion worth of goods and services is sold to domestic or foreign buyers. Is this nation’s GDP $900 billion or $875 billion? Explain your answer
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