and often reduced. Therefore‚ existing producers will produce less supply or even withdraw from the market‚ while potential ones will hesitate to enter the market due to the lack of incentives to do so. Consumers also tend to buy more at lower prices‚ ceteris paribus‚ further intensifying the problem of shortage‚ on top of the reduced supply. In this report‚ the author will discuss the complications of a shortage in supply using the pharmaceutical industry as an example and the measures that
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Unemployment Unemployment is defined as when a person is available to work and seeking work but currently without work. Unemployment is one of the most important social problem of not only Pakistan but the problem of all over the world. Unemployment is a central problem of Pakistan because when unemployment is high‚ resources are wasted and people’s incomes are depressed; during such periods‚ economics distress also spills over to affect people’s emotions and family lives. The socio economics
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Unemployment in Saudi Arabia student name: Feras Alasmari student ID: LAB427 instructor name: Mr. Zohair Khojah course: macroeconomics Introduction: A lot of people mix between unemployment rate of a country and all the people that don’t have jobs within the same country which is wrong. When calculating the unemployment rate we only consider people with in the labor force. That means when we calculate unemployment rate in Saudi Arabia‚ we eliminate people under 15 years old (which
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Introduction Unemployment‚ inflation and poverty have become issues worldwide‚ including Malaysia. Unemployment can be defined as those of working age who is without work‚ but who are available for work at current wage rate. In other word‚ unemployment involved people who are seeking for a job‚ but unable to find one. Historically‚ from 1998 until 2013‚ Malaysia Unemployment Rate average 3.33 Percent reaching an all time high of 4.5 Percent in March of 1999 and a record low of 2.70 Percent in August
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experiencing unemployment crises because of lack of job opening in our society. Even those who are fresh graduates in college are hard to get job‚ mostly those graduated in college are jobless and they are vacant only in their house. This is the reason why Philippines tackles unemployment rate in economic crisis. Once‚ there are job openings that need many options and requirements‚ so other people are not qualified of it and they may experience hard getting a job. Also‚ because of unemployment crisis
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How Effective is Parliament? The word effectiveness means that a product has the capability of producing the desired result. Effectiveness of Parliament is based around representation‚ scrutiny‚ its accountability‚ legislation and its quality and protection of rights. If they were able to do these to a high standard then they would be classed as being effective. The effectiveness of representation would be that Parliament and the parties within represent their constituents and sections
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benefited the country as a whole‚ the most? The Supply-Side economic theory‚ in my opinion‚ accommodated the country more than the Classic economic theory or the Keynesian theory. The Supply-Side theory was best for America based on three categories‚ unemployment‚ poverty and business growth. With the Classic economic theory that was used before the Great Depression‚ unemployment was not an issue until the economy crashed in 1929‚ with record high unemployment rates for the next several years. The downfall
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Unemployment in France ”I promise to reduce to 5% the unemployment in five years with an unemployment average reduced to 5 months because I am convinced the full job is applicable. English people did it” (Nicolas Sarkozy‚ 2007… Several months before the fall of Lehman Brothers) Unemployment rates France 04/2012: 10.2% European Union 07/2012: 11.1% UK 05/2012: 8.1% (5.4% in 2007) United States 10/2012: 7.8% (4.6% in 2007) Japan 02/2012: 4.5% (3.9% in 2007) Spain 08/2012: 25.1% (8.3% in 2007)
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to no one. Everyone knew how to build shelter and make food. When these cultures invented currency and moved to the cities‚ they began to depend on money to buy food from a middle man‚ instead of growing‚ gathering‚ or hunting the food directly from nature. Dependence on jobs to make money to buy food and shelter was the beginning of unemployment. Because it has not always been acknowledged or measured systematically‚ there are limited historical records on unemployment. Industrialization involves
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Unemployment affects people differently. Some face financial stress‚ even to the point of losing their homes. Others can be so depressed that they become emotionally and socially unstable‚ even to the point of committing crimes. These effects of unemployment have many causes. The main reasons for unemployment are improvement of technology‚ recession‚ and globalization. Unemployment has been increasing over the past ten years. It has more than doubled since January of 2000. According to the Bureau
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