Hi guys, this is a guest post by the folks at creditloan.com. The post provides a pictorial view of the uses of funds (from paychecks) of the average American family. I hope you enjoy
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Hello guys, how are you doing and I hope your holiday season is going well. If you have been following my blog, you would know that I just recently completed the NYSC program in Nigeria (8 months ago, not quite recent right?..lol) where you can be posted to any state within the country to serve your father land.
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Simply put, a business cycle refers to the fluctuations in economic activity. Little did you know how important the monthly employment report issued by the Bureau of labor statistic is to investors and portfolio managers. The two most important variables used to determine which phase an economy is in, in the business cycle is the Real GDP (Gross Domestic Product) of the economy and the rate of employment. So you see why the information on employment provided by the bureau of labor statistics is very important.
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It should be noted that individuals engage in economic activities and keep records of their business transactions. Also, government engages in economic activities and keeps record of their transactions. Such record keeping by the government leads to the formulation of national income figures. Hence, national income is the summary of a country’s economic performance by measuring the aggregate income and output of goods and services within a specified period of time usually one year.
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Hi people, the above topic came up in my 100 level macroeconomics course, so I said I should take time out to explain it to you. We start with absolute advantage. A country is said to have an absolute advantage in the production of a good when it is more efficient than another country in the production of the said good. i.e when it can produce more of a particular good with a given amount of resources than another country. It is a fairly common situation for one country to be more efficient than another in the production of a particular good; absolute advantage is evident when a country has the lowest cost per unit in the production of a certain good as compared with other countries producing the same good.
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In attempting to sell to another country, a firm may face various trade restrictions. These include”
A multinational company or enterprise is one which owns or controls production facilities or subsidiaries or service facilities outside the country in which it is based. A company does not become “multinational” simply by virtue of exporting or importing products: ownership and control of facilities abroad is involved.
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International trade extends the principle of the division of labor and specialization to countries. It originated on the basis of nations exchanging their products for others which they could not produce for themselves. International trade arises for a number of reasons which include:
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Any society with a high rate of unemployment carries with it a great risk of instability, armed robbery, prostitution, social disorder, lack of development, no adherence to civic responsibilities, all imaginable crimes and above all, insecurity to life and property. The individuals affected have no work and therefore nothing to earn and their “tomorrow” is dim. The family is thrown into jeopardy; and those employed within the society cannot even enjoy their earnings and run their lives to their tastes and aspirations.
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Hi people, I have been wanting to write this post for a long time because a couple of months ago I read about the financial crisis in Greece, and the proposed bid by the European central bank to resuscitate the economy through quantitative easing. I later learnt that this fell through because Greece was excluded from the European central bank’s quantitative easing program because of its low credit rating; even after the European Central bank increased its monthly purchase of assets from around €13billion to €60 billion until at least September 2016. This was the first time I was hearing of a quantitative easing program, so obviously, I had to read up on it. So I am writing this post to share my findings. I hope you enjoy.
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