political economy‚ branch of social science that studies the relationships between individuals and society and between markets and the state‚ using a diverse set of tools and methods drawn largely from economics‚ political science‚ and sociology. The term political economy is derived from the Greek polis‚ meaning “city” or “state‚” and oikonomos‚ meaning “one who manages a household or estate.” Political economy thus can be understood as the study of how a country—the public’s household—is managed
Premium Economics Political economy Political science
ECONOMY OF NIGERIA Nigeria is a middle income‚ mixed economy and emerging market‚ with expanding financial‚ service‚ communications‚ and entertainment sectors. It is ranked 30th in the world in terms of GDP (PPP) as of 2011‚ and its emergent‚ though currently underperforming manufacturing sector is the third-largest on the continent‚ producing a large proportion of goods and services for the West African region. Previously hindered by years of mismanagement‚ economic reforms of the past decade
Premium Gross domestic product Nigeria Peak oil
What type of Economy does China have? Explain some of the benefits of this system to the country and some of the drawbacks. 1. Since the People’s Republic of China was formed in 1949 until 1978‚ China had a planned socialist economy like the former Soviet Union. The government owned all factories and farms. Planning committees controlled all production. Market forces were often ignored when they conflicted with plans of the state. In 1978 China introduced farm reforms. Farmers could grow
Premium People's Republic of China Republic of China Investment
UNIVERSITY OF DHAKA DEPARTMENT OF MANAGEMENT STUDIES ASSIGNMENT ON ECONOMY OF BANGLADESH (Macroeconomic Performances) DATED: 01st April‚ 2013 SUBMITTED TO Kazi Rayhan Uddin Lecturer‚ Department of Management Studies University of Dhaka SUBMITTED BY Introduction: Bangladesh‚ small state of South-East Asia with the total area of 144‚570 sq km‚ can‘t still shake off the ill-reputation of being one of the least developed countries‚ shadowed by miserable poverty‚ high illiteracy
Premium Inflation Gross domestic product
The major difference between a command economy and a market economy is that a command economy is told what to do by the government. A market economy does things for the people‚ the people decide what they want. The command economy is told what to produce‚ who to produce to‚ and how to produce by the government. The market economy is told is told what to produce‚ who to produce to‚ and how to produce by the people. I think that profit is the best one because you will still have money left over after
Premium Economics Management Marketing
Everyone has a different ideology and different perspective relating to what kind of government control should be in effect in the world around us. Within these political perspectives and ideologies many different factors and pressures affect what one may believe is the correct amount of government intervention. The first source displays the Machinist Union logo‚ a more left wing‚ collectivist‚ idea. Unions want collective action and representation to affirm and ensure their rights and values
Premium Ideology Liberalism Left-wing politics
breaking the laws of the United States. Although they are breaking the law by being undocumented in the US‚ the family has done nothing else wrong and has built a great life. Since these people are positive members of society‚ it raises the question if the US Government is morally right for deporting families without official documentation. Every person has his/her own views if the government was
Premium Immigration to the United States Immigration Illegal immigration
was. The government cannot just print out more money for it will drastically affect the balloon economy. For me to further elaborate my point‚ let us imagine a balloon. Not an inflated one‚ but a new one that you just bought from a store. This deflated balloon is still so small that I cannot appreciate its beauty as a balloon. So I put more air in it and it grows to a considerable size. Imagine that the balloon is the economy‚ and the air inside it is the money circulating in the economy. If we put
Premium Money Inflation Money supply
Since 1998‚ when Hugo Chávez won the presidential elections of Venezuela‚ the relations between this country and United States have worsened. Hugo Chávez has been president of Venezuela for fourteen years and was reelected for another six years the past October. During this time‚ he has implemented many changes in order to establish the “Bolivarian Revolution” and has stressed his opposition to the United States and the imperialism of its regime. Therefore‚ the relations between this two countries
Premium Venezuela United States
its Gross Domestic Product for the period of 2000-2007 averaging 4.2% compared to the 1.9% of the Euro zone. In addition‚ the economy experienced a reduction in unemployment by 2.9 percent‚ which hit a low of 8.3% in the year 2007. The growth in the economy is a significant increases in house commerce coupled with a negative contribution from the external sector. The economy adopted an expansionary monetary policy which had positive impacts on the domestic demand. However‚ in 2000-2007 while the skyrocketing
Free Unemployment Macroeconomics Recession