There are many advantages of GST on country compare with sales tax. Firstly, GST eliminates the cascading effect of tax. A cascade tax or cascading tax is a turnover tax that is connected at each phase in the supply chain, without any deduction for the...
One of the most relevant questions in the economic theory is about the capability of the government to affect the real state of the economy and by what means this can be done. The main debate takes place between views that are opposite in their...
The system of state regulation remains a decisive factor in the formation and development of the country’s financial system. It is the main regulator of the export strategy through the development of five-year plans, the development of pricing, credit and tax policies. At the initial...
One of the main objectives of mainstream development theory is to identify the reasons why certain countries are significantly less developed than others and come up with strategies to overcome any obstacles keeping them from developing. Caporaso (1980) observed that most development theories have failed...
Development refers to the process in which something passes by degrees to a different stage (especially a more advanced or mature stage). Again, development in relation to economy is the shift from low and labour intensive productivity to high production and technology intensive activities. The...
As a result of central bank and government implementing appropriate laws and regulations to bring the Sri Lankan economy, the economy showed some signals of adjusting. Nevertheless, because the global economy recovered slowly and also due to adverse weather conditions economy grew slower when compared...
American society experienced a change that moved concentrated wealth in the hands of a few. During the Gilded Age, America’s industrial economy exploded, giving the chance to individuals to gain incredible amounts of wealth. This wealth wasn’t equally distributed unfortunately as farmers and workers were...
Entrepreneurs are someone that founds and venture a small business while acknowledging the risks and rewards of it rather than working as an employee. They are commonly seen as an innovator, a source of fresh ideas, goods and services. Entrepreneurs play an important role in...
Introduction According to Bloomberg (2017), it was reported that, “China is already the world’s largest economy and has surpassed the U. S. ”. This implies that China can be considered as a formidable superpower in terms of economy supremacy. With an average GDP growth of...
The two perspectives of capitalism are similar in that they advocates for free market economies where there is increased privatization of businesses, liberalization of markets and absence of coercive impositions or restrictions from the government regarding economic activities. According to Kates (2014), free-market economies are...
Across the world, there are countries that are more economically developed than others. There are excellent, thriving economies versus troubled, plummeting economies, struggling to upkeep their standards of living. An example of a nation with a thriving economy would be the United States. According to...
Of the indelible truths of the world, none are so ubiquitous as that of Greed. It has been this ancient vice which has both spurred and spurned Mann from ages untold. For Mann is a weak creature, a slave to his vices, even in the...
In our world, the government will often want people to see the good things in their country instead of the details including poverty, racial discrimination, social and economic issues, and so much more. During the Great Depression, the New Deal was created by the government...
Neoliberalism rose to prominence in the 1980s, during the Thatcherism and Reaganomics era. This era of economic shift shows a significant move away from Keynesian economics which had been prominent since the 1944 Bretton Woods Conference and established the post-war international economic order. In this...
Adam Smith was a key figure during the 18th and early 19th centuries Scottish enlightenment. He was an economist who pioneered the initial foundations of a classical political economy, a moral philosopher, as well as an esteemed author who produced two renowned works in The...
I will discuss three topics. In the first part of the essay, I’ll explain what Quantitative easing is and how effective this policy has been in achieving growth in the EU. After that, I’ll discuss how Britain’s exit (BREXIT) from the EU could affect Ireland...
As soon as Roosevelt’s presidential term began on the 4th March 1933, his New Deal promised relief, recovery and reform. FDR did more in his first 100 days than any of his predecessors and most of those who came after, but this is not quite...
Tanzania is one of the poorest countries in the world in terms of per capita income, which its economy depends heavily on agriculture. Both the World Bank and IMF, and other donors have contributed funds to rehabilitate Tanzania’s slow economic infrastructure and to ease poverty...
Nations have become independent politically but remain economically shackled in an endless circle of dependencies. The late 1960s was at a time that colonial rulers lost power over colonies in Africa, forcing them to grant independence. In 1944 another form of modern day colonialism was...
Introduction The economy, in its broadest sense, constitutes a critical component of a nation’s social fabric, encompassing the production, distribution, exchange, and utilization of goods and services by various economic agents. These economic agents can range from individuals and businesses to organizations and governments. Economic...
Economics is a study of social science that analyzes the production, distribution and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how the country economies work. There are two types of economics that is Microeconomics and Macroeconomics....
The period between 1918 and 1939 is infamous for being a time of economic struggle for Scotland. Victory in the First World War was followed by a great deal of post war economic depression. With a growth in economic nationalism, Britain had abandoned previous free...
Foreign aid had become more frequent and popularised after the second world war, with the introduction of marshal aid and since then, the latter half of the 20th century saw countries being flooded with aid. The turn of the millennia saw a greater push for...
Introduction The 2008-09 crisis provided a fertile ground for emerging economies of the world to cooperate and collaborate to hedge against such a scenario. Thus, BRIC (and later BRICS) was born. However, each country had a fixed agenda to come together. Russia viewed the association...
‘LeBron effect’ has been the most potent economic impact during the 21st century so far. With three championships and four Most Valuable Player (MVP) awards to his name, LeBron Raymone James Sr is arguably the greatest or one of the greatest players to play the...
“ Made-to-order essay as fast as you need it Each essay is customized to cater to your unique preferences + experts online Get my essay The social and economic development of the country is directly linked with student academic performance. Educational institutes play important role...
What is your opinion of the Chinese Communist party and the system of reform? The main purposes of the text are about the reformation of China. The text also explains the discontent between China and the West. The West controlled globalism and imposed its rules....
To understand what an institutional void is, we must first understand what an institution is. An institution is an organisation which sets the ‘rules of the game’. In the context of a nation, there are two categories of institutions; formal and informal. Informal institutions tend...
In the beginning of the 1870s, the United States entered an impactful period of American history known as “The Gilded Age”, which caused an outstanding transformation due to industrialization and urbanization. However, this era’s transformation created a mere facade for the corruption and classism. A...
This paper aims to analyze the key factors that contributed to the growth of Thailand’s economy back in the 1980s to mid-1990s. It identifies the external and internal factors that was a major change to the economy of Thailand. The study focuses solely on those...
