The Recession of 2008 caused widespread panic and distress globally. Trillions of dollars were lost during this time. It was a frightening time for people because they were unsure of what was to come regarding their situations. These losses of money lead to a decrease in consumer spending‚ which decreased the GDP. This then invoked companies to lower salaries and cut large numbers of their employees. The huge loss of jobs made the unemployment rate skyrocket. All of these consequences of the
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First of all‚ I would like to explain what global recession means and what were the same recessions in our history? Global recession is the sharp deterioration of economic health of the countries‚ namely: a plummet of manufacturing‚ bankruptcy of enterprises‚ a big rise of of unemployment and finally - the decrease in the standard of living‚ well-being of the population (Economic dictionary). According to standard economic theory‚ economic system has the cyclic form and to avoid crisis it is impossible
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The US economy went into recession in March 2001 and in response‚ the government introduced a tax rebate programme which amounted to cheques of $300 or $600 being sent to about 2/3 of US households. The aim was to mitigate the recession. What would consumption theories discussed predict to be the outcome? A recession is a prolonged period of time when a nation’s economy is slowing down‚ or contracting. Such a slow-down is characterized by a number of different trends‚ including: * People buying
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Unemployment as a Measure of Welfare Unemployment‚ as defined in books‚ is a situation wherein a person is jobless but is actively looking for work. To get the unemployment rate‚ we divide the total number of unemployed to the total labor force. Unemployment rate is sometimes used to determine the economic growth of a country. Unemployment has remained high in the Philippines for the past years. Since unemployment means no job‚ it is usually believed to be the cause of poverty. Our government
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loved ones‚ having to accept work at poor working conditions‚ low wages‚ etc. The present scenario in India‚ is that the employers are becoming aware of their workers needs and are taking effective measures to improve their morale and self worth by the various Labour Welfare measures both the statutory and voluntary. The reason being the increasing awareness created globally‚ by the initiative of ILO‚ and other organizations‚ the charismatic leadership of some Indian and international labour
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human resource no industrial unit can survive. In every industrial unit the human resource requires some basic facilities inside the premises to perform the job properly. These basic facilities are termed as welfare measures in the Factories act 1948. The need for adoption of welfare measures as a means to increase the workers productive efficiency‚ to keep up these moral and for the maintain of 1 industrial peace which has then realized by all section of the society. The main objectives of this
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Coach Carter‚ and later in a you tube video. The poem touches me and leaves me with a feeling of achieving a higher greatness. The poem is just this. “Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light‚ not our darkness that most frightens us. We ask ourselves‚ Who am I to be brilliant‚ gorgeous‚ talented‚ fabulous? Actually‚ who are you not to be? You are a child of God. Your playing small does not serve the world. There is nothing
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The question of what caused the great recession of 2007-2008 is on that is not easily answered. As with the great Depression of the twentieth century we can look back retrospectively and at some potential causes but the exact factors remain debated. When speaking of the great depression Ben Bernanke famously said‚ “To understand the Great Depression is the Holy Grail of macroeconomics.”(Bernanke‚ 2000) The same can easily be said of the great recession. For this discussion I will isolate the
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P.AMUTHA RESEARCH SCHOLAR RATHNAVEL SUBRAMAINAM COLLEGE OF ARTS AND SCICENCE (AUTONOMOUS)‚ SULUR. --------------------------------------------------------------------------------------------------------------------- INFLATIONARY MEAURES IN INDIA ABSTRACT Inflation is a determinant in functioning of any economy. In our country India has mixed economy model that comprises both capitalism and socialism. In our country‚ India uses the Wholesale Price Index (WPI) to calculate inflation rate
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ADVANCED SECURITY MEASURES IN A WIRELESS LAN [pic] KAKATIYA INSTITUTE OF TECHNOLOGY & SCIENCES WARANGAL. AUTHORS: Rathipally Santosh kumar EMAIL:santhosh_rathi@yahoo.co.in III/IV B.Tech. (cse) M.R.Aditya Pranav kumar EMAIL:mr.adityapranav@yahoo.co.in III/IV B.Tech. (cse) ABSTRACT Wireless local area networks (wireless LANs‚ or WLANs) are metamorphosing the landscape of computer networking. The use of mobile computing devices
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