ECONOMIC GROWTH is the long term expansion of a country’s productive potential Short term growth is measured by the annual % change in real national output – this is mainly driven by the level of aggregate demand (C+I+G+X-M) but is also affected by shifts in SRAS Long term growth is shown by the increase in trend or potential GDP and this is illustrated by an outward shift in a country’s long run aggregate supply curve (LRAS) Key drivers of growth There have been numerous research studies in
Premium Economics Inflation Supply and demand
Economic Growth Economic growth is by far the most important economic goal. This is for many reasons. First‚ a nations economy must grow with its population so it can provide jobs for the new people joining the workforce. There will always be people looking for jobs in an economy. As a population grows‚ so does its population of people looking to join the workforce. A nations economy must grow with the population so it can provide these goals. Next‚ when people are wanting to have more income
Premium Economic growth Economics Quality of life
(KENNY 2014) Graduation Project Report Old District‚ New Street BY KENNY CHAU THESIS Submitted in partial fulfillment of the requirements For the High Diploma of Landscape Architecture in Landscape Architecture In Hong Kong Design Institue‚ 2014 Hong Kong‚ CHINA Advisers: Sara Wong‚ Vega Shang‚ Yasmin Chir‚ Alex Chang‚ Tutor Tutor Lecturer Tutor 1 (KENNY 2014) Copyright 2014 KENNY‚ CHAU Chung King 2 (KENNY 2014) ABSTRACT This thesis explores the
Premium
product‚ McDonald¡¦s faces great challenge from Mos Burger. Mos Burger¡¦s Pricing Startegy The price of Mos Burger is relatively high compared with McDonald¡¦s. However‚ as it is in the introductory stage‚ people are less sensitive to price. Hong Kong people value new products and are willing to pay high price to try something new and unique. Moreover‚ Mos Burger has very clear relative advantage over its competitors. These all allow skimming pricing strategy to be adopted. Below is the comparative
Premium Shopping mall Hamburger Hong Kong
GDP The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country’s economy. GDP can be defined in three ways‚ all of which are conceptually identical. First‚ it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second‚ it is equal to the sum of the value added at every stage of production (the intermediate stages) by
Premium Inflation Monetary policy Gross domestic product
Between 1945 and 1997‚ Hong Kong underwent a relatively large political and institutional transformation. Especially after the signing of the Sino-British Joint Declaration‚ the pace of political transformation process was speeded up. In my opinions‚ the resumption of sovereignty did help Hong Kong move towards the process of political modernization. To explain why the turning back of Hong Kong could boost the political progress in our city‚ we should first know what is the definition of political
Premium Hong Kong Hong Kong Democracy
organizational leadership‚ aggressive organization culture and uncompromised organization goals. Organizational leadership fails to demonstrate trust to employees. The firm eliminated 22000 jobs from 2006 to 2008. It shows that the company routinely fire people who cannot comply with the managers’ command. Therefore‚ the employees have been fear of being fired by the company. Moreover‚ the company practices involuntary transfer. They create uncertainty over the employees’ job security. As a result‚ it created
Premium Management Employment
A Role Model for Hong Kong People Jamie Wong Wan Yiu‚ the Hong Kong cyclist who was awarded a silver medal in the women’s cycling competition at the 2010 Asia Games is a heroine in my eyes. She is also a role model for Hong Kong people and all the athletes. I think her poignant and inspiring stories can leave us some uplifting messages. 26-year-old Jamie Wong was brought up in a single-parent family. Being taught by her mother‚ she is as tough-minded as her mother. In view of her interests
Premium Asian Games Gold medal Hong Kong
Compare the religion in Thai and Hong Kong Introduction Religion is a way to review the cultural system of a country‚ it relates humanity to spirituality. Hong Kong and Thailand have a distinct history background‚ which interpret the big difference in daily cultural practices. This essay aims to provide a brief introduction of the religion in Thailand and Hong Kong and compares their differences and similarities. It will start from the history background and general information to the details of
Premium Religion China
INTRODUCTION Economic growth is the main goal of every nation around the world. To develop globalization among countries‚ to produce more products‚ to increase wages‚ to create a higher level of education‚ to build infrastructures‚ to improve technology‚ to have a better life; are what all the people strive for. But in doing all that‚ does that mean that people are living a better life? Or is it just the ideal of doing better? Taking a look at it closely‚ the effects of economic growth are more on
Free Environment Economics Environmentalism