The underground economy consists of concealed legal economic activities undertaken to evade taxes or illegal economic activities (i.e.‚ trafficking‚ drugs‚ and prostitution) with unreported barter and cash transactions that take place outside recorded market channels. These types of barter and cash transactions are hard for government authorities to trace and are the lifeblood of the underground economy. These underground activities are often very productive and are not included in the gross domestic
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technology and easy access of the internet. In the following essay the merits and pitfalls of being able to access large amounts of information from the internet will be discussed as well as trying to avoid the downside of operating in an “attention economy”. The internet has many advantages. Firstly on a social level‚ websites such as facebook‚ Twitter and MySpace‚ have allowed for people all over the world to be connected. It is a cheap‚ fast and easy way of communicating. More and more public places
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and fiscal policy on the Australian Economy in the past twenty-(20) years. Introduction The Australian economy is one of the most stable globally and the floating exchange rate has played an important role in maintaining that stability. This essay seeks to assess the relative importance of the floating exchange rate and fiscal policy on the Australian economy over the past fifteen-(15) years. In order to do so‚ it looks at the history of the Australian economy over that period‚ how it has performed
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planet we call earth. The country is so beautiful that their main source of income is tourism. Jamaica’s economy is extremely dependent on services‚ which is nearly 80% of their GDP. Not only does Jamaica depend severely on outsiders visiting the country but the economy faces challenges in growth of its economy. Problems such as high crime‚ corruption and unemployment is bringing Jamaica’s economy to an all-time low‚ as their debt to GDP ratio is more than 140%. To fix this problem the Jamaican government
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£38.75 © Crown copyright 2013 You may re-use this information (excluding logos) free of charge in any format or medium‚ under the terms of the Open Government Licence. To view this licence‚ visit http://www.nationalarchives.gov.uk/doc/opengovernment-licence/ or write to the Information Policy Team‚ The National Archives‚ Kew‚ London TW9 4DU‚ or e-mail: psi@nationalarchives.gsi.gov.uk. Where we have identified any third party copyright information you will need to obtain permission from
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| |February 2‚ 2013 | BUSINESS IN THE ECONOMY To understand how a business affects the economy we must first understand the meaning of what a business is by definition. A business is “an organization or enterprising entity engaged in commercial‚ industrial or professional activities”. (Investopedia‚ 2013) A business
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Since the latter half of 2007 the world economy has been in a severe downward spiral as a result of the reckless lending practices of the world banks‚ the implications of which have trickled down into the industrialized economy over the last two years. This assignment aims to analyze the global seaborne trade industry with a focus on the dry bulk sub-sector and its major commodities by assessing the effect on factors that are influencing the demand and supply of dry bulk vessels and the future growth
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Kazakhstan’s economy. Kazakhstan is the ninth largest country in the world and also it has the largest level of economy in Central Asia. Kazakhstan has huge reserves of mineral resources such as fossil fuel‚ natural gas‚ coal and etc. Mining‚ machinery manufacture‚ the production of petro-chemicals and agriculture are important sectors of the economy. Agriculture supplies grain‚ fruit‚ cotton‚ tobacco and meat. The south of Kazakhstan provides well-known “Aport” apples. As well‚ Kazakhstan is developed
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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
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The economy of Norway has undergone growth since 2009. The economy is doing relatively stable over a decade (2002-2012)1 i.e. low unemployment rate‚ steady growth‚ low inflation etc. even in the 2008 financial crisis‚ Norway was being hit lesser than other Europe country2. There are a few highlights regarding Norway’s economy performances. Strength | Challenges | * High GDP per capita * Mild and stable inflation * Increase in money supply * Reduction in unemployment | * Appreciation
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