The global economy has always been volatile and fiercely competitive! Sustaining growth and profitability in such an environment is akin to “Mission Impossible”. The modern-day technologies and scientific advances have shortened the life cycles of various products and services, disrupting the traditional business model, and giving rise to more competition. In this scenario of constant competition and instability, it becomes...
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This report discussed the path of inflation in the united States of America. The first path of the report discussed the path of inflation. After that, the growth of the economy and the output gap of the USA are discussed in this report. Then, an Evaluation of unemployment in the USA is described in this research. There are different types...
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With a population of 32.7 million, Malaysia is a multi-ethnic religious nation, distinguished primarily by three major ethnic groups: Malay and indigenous people, Chinese, and Indians. Malaysia has been effectively converting itself from a poor nation into a middle-income country since its independence in 1957. Despite difficult external factors, the economy of Malaysia has shown periodic expansion. It may also...
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Shockingly, 57 million children across the world don't have a school to go to. This is atrocious for the kids as well as the country they are in because without formal education it is hard for a country to develop. This information arises the question of how access to quality education positively impacts children as they become older. Access to...
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The digital economy in world creates efficiency and is beneficial to connect the whole world within a single framework. It is also termed a new economy. The digital economy was first coined by a Japanese professor at the end of 1990. The digital economy is termed because digital technologies help the economy by providing several inclusive opportunities. The broad scope...
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Gross domestic product (GDP) gauges a nation's financial exhibition over a given period, commonly one year or one quarter. Thus, estimating the economy of the nation is the most significant monetary measure. This paper investigates the development and diversity of Australia's gross domestic product. Australia’s Growth Decade As indicated by the report by Aslani et al. (2017), the growth rate...
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Dubai is located on the Persian Gulf, and it is one of the seven emirates that the UAE form. Dubai is the second largest emirate after Abu Dhabi with a population exceeding 1.3 million which makes about 32% of the UAE population (Al Awad, 2008). However, it is ready to expand twice as much if you add the man-made islands:...
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Economic growth around the world has meant countries has been able to develop at an exponential rate, particularly those economies in third world countries. Gross domestic product or GDP gives an indication of the country’s economic situation. Many economists would use gross domestic product to provide figures to help determine the rate of growth and the size of an economy...
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To begin with, the key question for modern growth, however, is this: ‘Does mercantilism still exist?’. In many developing nations, under one-party rule or managed by huge bureaucracies guided by industrial policies, the answer is undoubtedly, yes. On the other hand, in the modern economies, where tax reporting and collection are fairly efficient, mercantilism is much less in evidence. However,...
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From the 1870s to the 1890s, the United States entered a period of dramatic change and rapid industrialization. The economy was gradually shifting from agrarian to industrial and urbanization was happening at an exponential rate. Mark Twain named this period the Gilded Age and described it as a time during which greed and political corruption ruled. While there were millions...
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