Essays on Economic Issues

From the middle ages to the present, the economic and social construction of cities in various countries has been progressing continuously. The reasons for these achievements are complex, ranging from personal factors in the right decisions of those in power, to factors of opportunity blessed…

As Anne Frank said in her diary, “people can tell you to keep your mouth shut, but that doesn’t stop you from having your own opinion” (Tscherry, 2015). The courageous girl Anne Frank who wrote in her diary during the Holocaust tries to convey is…

Throughout the Second Gilded age, this term defines the wealth distribution of modern day and comparing it to the decades before 1928, originating in the United States history. Economist Robert Reich believes there is a connection between the increasing wealth of the top 1% and…

My life has many limits while living on minimum wage. Housing is the biggest expense I have ever had. While earning minimum wage income, I found that keeping housing costs affordable is critical. For this exercise I am making $ 1,100 per month. However, in…

Homelessness is a problem that many people around the world experience. While there are many reasons a person or family can become homeless, a majority of those problems come from a lack of income. Many homeless people are either retired veterans, students attending college, people…

Disparity problem affects a variety of things and people, sometimes to the world and there will be good impacts and bad influences as well; about gap between rich and poor. I would like to write about the influences they have on this time. First of…

Federal minimum wage has been an arguable topic ever since it was implemented into the American society. Minimum wage is the lowest possible wage that employers may legally pay to employees. The first minimum wage law was enacted in 1894 in New Zealand. Many other…

“A nation will not serve morally or economically when so few have so much, while so many have so little.” Bernie Sanders. Wealth Inequality is defined as the unequal distribution of assets among residents of the United States. Wealth is considered to be the value…

Starting from the 1830s there were a lot of religious people that wanted America to be perfect. Lots of things had to be done for that to happen, though. There had to be a social reform and there was the abolitionist movement as well as…

The Gold coast is a coastal city in the Australian state of Queenslanda and is located in South-east Queensland, stretching along 57 kilometres of coastline. The Gold Coast is just one hour, or 66 kilometres, south from Brisbane and immediately north of the border with…

“Inequality—the state of not being equal, especially in status, rights, and opportunities.” (Development Policy and Analysis 2015) Be that as it may, it is inclined to disarray in public wrangle about because it tends to cruel diverse things to different people. A few qualifications are…

Over the past few decades, America has been experiencing a lot of alterations. One of those changes involves population growth. The population of America has been rapidly growing since 1950. Decreased death rate and an increase in average human age are some of the leading…

As per the reports from the World Gold Council, physical gold funds grew by 2.9 per cent around the world and demand for the bars and coins increased 4 per cent in 2018. Investors compelled by market volatility are reconsidering their strategies in the yellow…

 We are all in a boat, one sinking rapidly, one sinking slowly and one rising steadily. Robert Reich convincingly uses this metaphor to demonstrate the economic gap in “Why the Rich Are Getting Richer, and the Poor, Poorer”. He discusses this gap between the upper…

America’s Wealth Gap is bigger than ever before in history. Income inequality is a problem not foreign to the American people. The gap between the wealthy and the negative literally has irrefutably extended over the past five sorts of many years and continues to effectively…

When the federal minimum wage was first introduced, it was meant to give workers just enough money to survive. As time passed and the price of living inflated, the federal minimum wage, now at $7.25 per hour, hardly does what it was designed to do….

“Downset hut” are the only three words some athletes are getting paid to say. They receive ridiculous amounts of money just because they can say three words and because they were given size. if it wasn’t for those two things where would they be at…

Economic inequality is an existed phenomenon in the economy, which belongs to the gap between the rich and the poor. Like dividing a cake, every piece of cake which is held by people is not on average, so inequality happens in this proceeding. It is…

I believe that we as individuals are all morally obliged to help the poor, particularly like myself you are a somewhat privileged citizen of a developed country. Every week more than a quarter of a million children die from malnutrition and diseases. Many of these…

Compensating employees through financial payments in exchange for their labor and time is how wages are defined. An hourly rate of pay is determined as the amount of compensation paid to an employee in return for their services. The rate at which the employee is…

The idea of helping one another seems to be a common similarity in many people’s lives. Andrew Carnegie’s “Gospel of Wealth” and Karl Marx’s “Communist Manifesto”, both have very different stances on the topic of the rich and poor yet similarities can still be found…

“No family gets rich from earning the minimum wage, in fact, the current minimum wage does not even lift a family out of poverty” (Corzine). Richard V. Burkhauser, author and Professor at The University of Melbourne, published Minimum wages and Poverty: Will a $9.50 Federal…

“We should raise the minimum wage so that no one who works full time has to live in poverty” is a famous quote by Barack Obama. I agree with him because raising the minimum wage would help families improve. A mother and father wouldn’t have…

Based on the reading, it appears Tommy Takem intentionally, and unnecessarily, raised his prices beyond what they should have been. This sounds like an example of price gouging. Price gouging takes place when “sellers of a certain necessary good sharply raise their prices beyond the…

There has been a question around the world that has people wondering what is the right thing to do in a situation of crisis. The question that has positives and negatives to both sides is the question of “Should price gouging be illegal”? Price gouging…

Across the globe, even in this great era of modern development and equality, there are still millions who live in impoverish conditions, and despite their hard labour they are still unable to earn enough income to support themselves and their families. These terrible living conditions…

Introduction Poverty is not only a social barrier, but also a physical barrier in people’s lives. Poverty is one of the main reasons for which society today is divided. This essay will explore whether poverty is a problem in Scotland. I will unveil the levels…

Country she does not believe that our economic system is to blame. Instead she believes that because the overall standard of living in America has improved this is proof that the system has successfully filtered out corruption and because of this economic mobility has become…

The racial wealth gap is deeply entrenched in past injustices, which breeds today’s inequalities. Since the end of slavery, the black population held less than one percent of the United States’ total wealth. That number has remained stagnant even in the face of a thriving…

The problem of Income Inequality Inequality is bad and getting worse every time. Income inequality is an extreme concentration of wealth and money of a small percentage of a population, explaining the gap between the richest and the rest of the people. The problem is…

Philippines is a country that faces a lots of problems like Poor Infrastructure, Unemployment, taxation and spending, Heavy Dependence on Remittances and etc. In short, we call this Economic issues. Economic Issues deals on the people’s action in life, our individual personality that can lead…

Economic inequality in the provision of housing is deeply entangled with social and spatial disparities. Beyond real estate, building type, and market sector——housing is primarily an architectural activity. The act begins when a line is drawn between the ‘inner’ and the ‘outer’. This operation is…

It is necessary for human instinct to connect with others for his very own welfare and prosperity. This requirement for commonality and association is the establishment of cooperative efforts. Cooperativism then is an unconstrained conduct of people in response to their individual and aggregate needs….

In 2016, bill SB 3 was signed to gradually increase the minimum wage in California to $15 per hour by 2022. It is great news for every worker who is earning a minimum wage. The federal minimum wage was established in 1938. Congress increases the…

There are a few systems to accomplish destitution decrease which are by concurring on the definition and estimation of neediness, expanding efficiency and enhancing wellsprings of pay, focusing on the bad-to-the-bone poor through a unique program concentrated on their necessities and conveying other suitable help…

What are regulations? Regulations are Restrictions, Requirements and Laws that are implemented on companies in order to preserve and maintain the financial system.These regulations may include a number of different measures and policies that are enforced on the financial institutions in order to make sure…

Saudi Arabia’s economy has been drained by high spending and low prices of oil. Oil is going to be increasingly less important in the world, and oil-based economies must reinvent themselves. Saudi Vision 2030 was born during the Arab Revolutions. The House of Saud was…

The characterization of the current state of the international political economy is open to vigorous debate, evolving over time as global political/economic influence shifts with changes in world leadership, shifting alliances, advances in technology and the growth of multinational corporations. There are several main theories…

After the II World War greater plough was saw technological and scientific innovations in nutrition, medicine and agriculture and improved the life to well-being of people. After invention of Paul Muller wonder-drug organochlorine pesticide-DDT, the scientists of the developed countries jumped on that discovery due…

America is examined through best selling novel Nickel and Dimed, which dives into the question of how unskilled workers survive under the insufficient incomes of America. Barbara Ehrenreich expresses the idea that there is no social class in the country of America. Ehrenreich claims the…

Cargo shipping is one of the biggest industries in the world. Cargo shipping is the act of transporting freight from one place to another in bulk, using large ships. Cargo ship companies move $4 trillion worth of product each year and face many difficulties while…

Sophie Bullard Consumers from different parts of the world grow up with different values, beliefs, and morals that all contribute to their particular economic behavior. Research shows that culture, subculture, and social classes are particularly important on consumer buying behavior. For example, Mexico adolescents are…

Economy is one of the most complex systems of interaction in society spurred by production, distribution and trade of goods such as natural resources, labor and capital. A country’s economy may vary depending on various factors such as their culture, history, laws, geography, among others…

Minimum wage jumped from $11.60 to $14 this year in Ontario and plans to jump again to $15 per hour by 2019. This issue has led research economists and professors to collide against one another. Increasing minimum wage has both a negative and positive impact,…

Maximizing revenue while minimizing costs are the word’s all businesses’ attempt to accomplish with regards to trying to obtain as much profit as doable. Henry Ford too had this ideology, which allowed him to think outside the box to obtain the greatest possible outcome from…

This paper is based on the article “The wage policy of a firm” written by George Baker, Michael Gibbs, and Bengt Holmstrom. This article was published in the year 1994 (November) in the quarterly journal of economics, volume 109 from page 921-955. This article contains…

The United States Department of Energy has estimated that 1,800 to 20,000 billion metric tons of CO2 could be stored underground in the United States. These numbers are equivalent to 600-6700 years’ worth of carbon emissions from various commercial sources in the United States of…

Introduction It’s crazy how mixed-up our society is when doctors, nurses, and teachers are paid their current wages, while football and basketball players are making millions of dollars playing a sport that they enjoy. Sure, sports are a big part of our society, but the…

The Prestige Oil Spill As far as humans today have developed technology, we still have moments of total and utter failure. Moments where something unplanned and unpredicted occurs and there is nothing we can do to stop it. Chemical disasters – nuclear explosions, oil spills,…

I am a CEO writing a report for future customers and the general public on the impacts of the current and future oil crisis. Oil is a necessity for doing business in any developed or industrialized country. Without it, there would be no source of…

The economies of Middle Eastern countries have long been defined by their most valuable natural resource: oil. This certainly has not been a bad thing for the Middle East so far; countries like Qatar, the United Arab Emirates and Kuwait have managed to crack the…

Transfer of the Panama Canal Skepticism and controversy have surrounded the Panama Canal’s recent turnover by the United States to Panama. The Panama Canal, completed in 1914, spans 51 miles across Panama from the Atlantic to the Pacific Oceans. Considered to be the biggest civil…

The Greek Crisis: Why? What? Who? Some countries in Europe have been suffering economically in the past decade. Portugal, Spain, Ireland, Italy, among other countries have been experiencing economic distress because of unpaid debt. Among the other countries struggling economically in Europe is Greece. Greece,…

Gas is used by many things and most everyone in the world, through cars, tractors, trucks, and to travel to get from point A to point B. Our society today depends mostly on cars or other gasoline related products that are considered transportation, which has…

Minimum wage laws make it illegal to pay last in the government specified price for labor. Most typically, a price artificially raise tends to cause more to be supplied and less to be demanded when prices are left determined by supply and man in a…

Development financing can be well-defined as the bases of funding separate from the domestic private sector. It is essentially concerned with the funding of progression in developing countries. Funding for growth must address problems like; The competence of financing to cater for satisfactory public disbursements…

I will discuss in detail in this article the impact of the minimum wage on Hong Kong society. I will make a detailed analysis of two aspects such as society aspect and economy aspect. Moreover, i will deeply talk about related problem. Hong Kong is…

The Declaration of Independence and the Moral Obligation for the Rich to Help the Poor “It’s not fair!” The American colonists stated this to King George in the Declaration of Independence (US 1776). This document ended the relationship between the American colonists and Great Britain,…

Oil prices will definitely begin to drop. This won’t stay for very long, but it will still affect the economy really bad. Some say about a level below $44 a barrel can drag an energy product to $35 and a further fall to $13.5. Others…

In the first hand, historically there were many schools that thought the causes of inflation. They were divided into two groups: the quality theories of inflation and the quantity theories of inflation. The quality theory of inflation refers to the expectation of a seller to…

Walmart, the world’s largest retailer, will raise its base hourly wage to $9 beginning in April. By the following February, all employees will make at least $10 an hour. But did the new tax cut actually make a difference? Would Walmart have still increased the…

Abstract In 1965, already independent from Malaysia, Singapore started building its foundational groundings from scratch and after the long strive and struggle for success, it has now become a technological leader. This journey of Singapore to reinvent itself accredits the country’s human capital who proved…

How unfairly life is? Living in a world where the sense of money and power leads its way to be the most essential and fundamental factors to define who you are. That every opportunity knocks only for those person with a golden spoon in their…

INTRODUCTION GDP has been used as a measure of economic well-being since the 1940s. GDP provides a measure of final goods and services produced in an economy over a long period of time without attention to what is produced, how and by who. Joseph Stigliz,…

Oil costs are rising now yet it won’t last Dropping costs for sun based and twist, alongside new battery innovations and developing utilization of electric autos, will make a sensational move sought after for oil and gas. In the following 10 years the vitality business…

It is a well-known fact that when oil and gas prices increase, the impact it has in terms of stock pricing and economic opportunity affects the way people and corporations spend money. How and when people purchase goods, travel, and even the means in which…

Over this last summer, gas prices have soared to all time highs. In some parts of the Country the price gallon of gas has risen up to three dollars a gallon. Many factors resulted in this price increase, including the recent Hurricanes such as Katrina…

The social issue being discussed in the article, The Roots of the Widening Racial Wealth Gap: Explaining the Black-White Economic Divide, is the wealth inequality between white people and black people. According to the article the inequality gap between whites and blacks has been growing…

Residential segregation is defined as the separation of neighborhoods based on race. Kevin Boyle’s book Arc of Justice: A Saga of Race, Civil Rights, and Murder in the Jazz Age illustrates a famous example of residential segregation, and the problems that came along with it….

Out of every single developed nation on Earth, the United States has the widest gap between those who are rich and those who are poor. Wealth can be described as the net worth of a person, or the value of their assets minus their liabilities…

Economics is known as the study of scarcity and opportunity costs (Patel, 2018). It is also the study of how people make use of limited resources, respond to incentives or make decisions (American Economic Association). Supply and Demand Supply and demand is a basic concept…

Demonetization denotes to remove a particular form of currency from circulation. It vanishes the status of currency unit as a legal tender. Whenever nation wants to change its currency, demonetization occurs. The current status or forms of money is dragged back from circulation and discharged….

Between 1990 and 2015, the growth of the Korean economy has been one of the most dynamic in the world. The average annual growth rate of the country’s GDP was 5%, higher than that of the world economy (3%), but lower than that of the…

Introduction My community service learning placement was completed at Habitat for Humanity Restore, North York location. A world where everyone has a safe and decent place to live is their vision, thus their mission is to provide affordable homeownership to lower income families as well…

Economics is the study of production, distribution, and consumption of goods and services. In economics there are two different theories, the classical economic theory and the Keynesian economic theory. They both contrast each other and bring out two different view/sides in economics. Classical economics is…

In 1998, inflation rate decrease during financial crisis, a huge capital outflows from Asian region. HK dollar cannot be devaluated, prices and wages adjust downwards. Demand from overseas buyers has decrease, exporters lower the price and try to cope with the reduce demand. Soon, producer…

Malaysia was known as a multi-racial society when it gained its independence from the British in 1957. During these early years in the Malaysian economy, they had several economic issues like riots and unagreements between the Malays (Bumiputera) and non-Malay (non-Bumiputera) and also led to…

Economics is the basis of the distribution and allocation of the resources within society. The needs of the people are unlimited while the resources are limited. This produces the basic economic problem of scarcity (Greene 47). However, on the overall level scarcity means lack of…

For the past several years Tunisia has been showing a remarkable democratization transition, especially after overthrowing the previous leader Zine El Abidine Ben Ali 7 years ago, such as established their institution and held their election. However, it was not easy for Tunisian at the…

Income inequality has no necessary connection with poverty, the lack of material resources for a decent life, such as adequate food, shelter, and clothing. A society with great income inequality may have no poor people, and a society with no income inequality may have nothing…