make up with his/her inexperience. They can attend on-job training programs and internships to demonstrate their working skill and talent in looking for a suitable job. Besides that‚ the causes of unemployment may also be due to economic crisis and recession. It is a common problem because businesses stop making as much money and have to result in less or no employment of fresh graduates. Unskilled and inexperienced workers such as fresh university graduates will suffer unemployment due to the fact that
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unemployment - • Demand side policies to reduce demand-deficient unemployment (unemployment caused by recession) • Supply side policies to reduce structural unemployment / (the natural rate of unemployment) Demand Side Policies [pic] Demand side policies are important when there is a recession and rise in cyclical unemployment. (e.g. after 1991 recession and after 2008 recession) 1. Fiscal Policy Fiscal policy can decrease unemployment by helping to increase aggregate demand
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amount of disillusionment. Development as proposed by the IMF and the WTO has not had the positive effect it was supposed to have. In fact‚ the policies preached by these international actors have in times exacerbated economic problems leading to recessions. Countries‚ that have achieved higher economic growth throughout the years‚ have achieved this‚ not by following the dictates of the Washington Consensus exactly‚ but rather by applying them in an unorthodox fashion. Nevertheless in recent years
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Introduction (Preface) No one can argue that an economic crisis itself is such a complex and difficult phenomenon. So many economists and politicians think of the ways of avoiding or exiting a crisis in such a way that brings minimum distortion and future negative consequences. When the European Union was created‚ everyone supported the idea of free movements of goods‚ services‚ capital and workforce‚ but it seems that there was less thought of how to deal with economic crises and with the less
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The organisational culture of a business is the collective behaviours of the individuals in a company and the way in which they strive to succeed. Business failure refers to a company ceasing operations following its inability to make a profit or to bring in enough revenue to cover its expenses. A profitable business can fail if it does not generate adequate cash flow to meet expenses. But what are the reasons for business failure? Is it predominantly due to the organisational culture of a company
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willing to sell. It can also tell us how the economy is performing during four different quarter per year. For instance‚ since 1955 there are several times for British economy suffered recessions (two continuous quarters of negative economic growth)‚ which can be shown by GDP indicator (two separated period of recession): Year and quarter Growth of GDP% in Year‚ quarter Nominal Gross Domestic Product Real Gross Domestic Product 1980 Q1 -0.9 171‚113 55‚807 1980 Q2 -1.8 168‚063 57‚308 1980 Q3
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kind of fluctuation happened in aggregate economic activity of nations that organize their work mainly in business enterprises: a cycle consists of expansions occurring about the same time in many economic activities‚ followed by similarly general recessions‚ contractions and revivals which merge into the expansion phase of the next cycle; this sequence of changes is recurrent but not periodic…” Besides‚ business cycle could be easy to understand that this is periodic fluctuation in the level of GDP
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the 2001 recession‚ Lowe’s employed an aggressive countercyclical capital expansion strategy to significantly outperform a cost-cutting and retrenching Home Depot. Dell countercyclically increased its advertising budget and gained market share from key rivals such as Gateway and Hewlett-Packard. Still other companies such as Isis‚ Progressive‚ and Avon in industry sectors as disparate as biotech‚ insurance‚ and cosmetics engaged in countercyclical hiring strategies during the recession to increase
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economic recession. During recession‚ Nike’s growth will be adversely affected. The US economy is experiencing a downturn right now. Consumer purchases are slowing down. Currently‚ Nike’s feeling the pinch of the economic recession. The Asian economic crisis also affects Nike since its goods are manufactured in Asia. The labor costs and material prices are going up. Nike’s growth is not just affected by the local economy but also in the international economy. A weak Euro and an Asian recession could
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MEP 2 Email : max.pereira@stu.ctlondon.ac.uk Word Count : 3000 words Under the Guidance of Lecturer: George Olusoji 1. Abstract We are all aware of the present world crisis and the recession period in which United Kingdom is progressing. Any individual may be inquisitive about what the government of UK is doing in this case and how the government is tackling this issue. This report aids in understanding the UK Government’s purpose
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