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Your search returned 200 essays for "Economics":
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The Missing Entrepreneur in Economics - "You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something - your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life." -- Steve Jobs Current economic research denies the innate characteristics of the entrepreneur. Rather than attributing economic growth and innovation to personality traits, economists would rather advocate a form of economic determinism: if an aggressive personality dominated an industry, economists try to explain the characteristics of the industry that made aggression a s...   [tags: Flaws in Economic Theories]
:: 4 Works Cited
1604 words
(4.6 pages)
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Health Economics - Health economics is concerned with the efficient and equitable allocation of resources in the context of scarcity and uncertainty, and is relevant to individuals, practitioners, governments and markets. Changing factors such as an aging population and new technologies becoming available are increasing expectations from people as a whole throughout the world, and decision makers must make rational choices to maximise benefits to population health whilst working with limited resources. 2 summarises this by asserting that "health care resources in every setting are always constrained, while unlimited demand is observed"....   [tags: Health Care Resources, Medical Policy] 1706 words
(4.9 pages)
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Keynesian Economics and China’s GDP - 1. Introduction Keynes published and introduced his economic theory in 1936, during the Great Depression, and gave guidance for government in formulation of monetary and fiscal policies. His model was widely acknowledged during recession times when classical economic model somehow failed to effectively and productively solve some economic problems such as unemployment. Although China’s economy is believed to have “Chinese characteristics” and cannot hastily adopt a Western model, Keynesian economics is still believed to receive embracement in China, as government intervention is wider and deeper than most of other economies of such large size....   [tags: economic theories]
:: 12 Works Cited
1546 words
(4.4 pages)
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Keynesian Economics - Macroeconomics is the branch of economics concerned with the aggregate, or overall, economy. Macroeconomics deals with economic factors such as total national output and income, unemployment, balance of payments, and the rate of inflation. It is distinct from microeconomics, which is the study of the composition of output such as the supply and demand for individual goods and services, the way they are traded in markets, and the pattern of their relative prices. At the basis of macroeconomics is an understanding of what constitutes national output, or national income, and the related concept of gross national product (GNP)....   [tags: Keynesian model, Macroeconomics] 1668 words
(4.8 pages)
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Sacred Economics vs. Scarcity Economics - The aggressive competitive nature of the United States economy has caused poverty for many, while creating hostile crime-driven environments that result in an increased gap between the rich and the poor. The current state of the U. S. economy has caused an outcry of criticisms and alternatives. U. S. citizens jointly agree that the economic system in the U. S. has failed the mass majority of its citizens (Bruner, 2012). Economists agree inequality has grown immensely, but differ sharply over government action (Bruner, 2011)....   [tags: United States Economy]
:: 18 Works Cited
1462 words
(4.2 pages)
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Importance Natural Resource Economics - Natural Resource Economics Economics in its broader sense deals in the distribution, production and consumption of goods and services in the most efficient way. It tries to explain how goods and services can be distributed or allocated to effectively meet the needs and demands of the market. Natural resource economics is slightly similar to this broader economic perspective, in that it seeks to efficiently allocate the earth’s ‘goods and services’ to meet the needs and demands of the economy. These ‘goods and services’ are the earth’s natural resources....   [tags: ownership, development, utilization]
:: 3 Works Cited
1595 words
(4.6 pages)
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The Paradox of Electoral Economics - The paradox of electoral economics focuses on how governments interact with conditions of economic growth. Additionally, this paradox includes the government’s interactions with market economies and how the economic interactions coincide with politics. The paradox of electoral economics states that all governments require positive economic performance. In other words, governments need up to par economies in order to sustain their own foundation, weak economy means weak infrastructure. The paradox also requires support and compliance and states that democratic governments are particularly vulnerable to economic performance....   [tags: government, market, politicians] 1850 words
(5.3 pages)
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The Economics of the South and the Civil War - Introduction Most people believe the Civil War was fought only over slavery and for abolition. Because of the speech Abraham Lincoln gave “The emancipation Proclamation,” it looks like the Civil War was a war about the morals of the nation. A war could not be stopped from happening once the Compromise of 1850 happened. The South was frantic to keep slavery going. Their whole economy was bases around the economics of slavery. The North did not realize that there was more than freeing the slaves to do with the war....   [tags: U.S. History ]
:: 5 Works Cited
1615 words
(4.6 pages)
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Industrialization, Economics, and the Environment - Industrialization, Economics, and the Environment Human technological advancements make it possible to sustain larger and larger population by exploiting more and more natural resources. The three revolutions in human history, agricultural, industrial and green have all been answers to overpopulation. Naturally, industrialization leads to environmental degradation. The concern with Industrialization is that it is not a long term solution to human sustainability, since it operates under the premise of the tech fix, or the idea that humans will be able to invent new technologies to ensure their own survival....   [tags: Environment Environmental Pollution Preservation]
:: 5 Works Cited
1953 words
(5.6 pages)
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The Economics of The Civil War - Economics of the Civil War: What economic advantage was provided with the completion of the railroad. TABLE OF CONTENTS Plan the Investigation 3 Summary of Evidence 3 Evaluation of Sources 5 Analysis 6 Conclusion 8 List of Sources 9 PLAN THE INVESTIGATION Question: What economic advantage was provided with the completion...   [tags: railroad, union, confederacy]
:: 10 Works Cited
1734 words
(5 pages)
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Classical Laissez-faire Economics - Classical Laissez-faire Economics The earliest organized school of economic thought is known as Classical. The father of this school is Adam Smith. Smith used the concept of the invisible hand to describe the role of the market in the allocation of resources. In the market, the interaction of demand and supply determines how much of a good will be produced and the price that is charged for that good. Absent any explicit guidance mechanism, the invisible hand guides participants in the market towards an outcome that efficiently allocates resources to the production of goods that society desires....   [tags: Papers] 1781 words
(5.1 pages)
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Economics Class Questionnaire - BUSINESS ECONOMICS ASSIGNMENT- 3 Ques. 1)(a)Analyse both the conventional and unconventional tools used by central banks. (a) Meaning of Monetary Policy:- Monetary policy refers to the measures which the central bank of the country takes in controlling the money and credit supply in the country with a view to achieving certain specific economic objectives. These objectives are: 1. Rapid Economic Growth: The monetary policy effects the economic development by controlling interest rates in the economy and its effect....   [tags: Market, Finance, India]
:: 9 Works Cited
1786 words
(5.1 pages)
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Economics of the Revolutionary War - Economics of the Revolutionary War After the end of the French and Indian War in 1763 the American people had taxes placed on them by the British. The British Parliament claimed that by placing the taxes they were defending the colonies for the Americans. During the twelve years following the war, the British enacted a numerous amount of taxes that allowed them to raise revenue from the American economy. This taxing of the American people hurt the American economy and started to push the American colonists toward an independence movement so they could have a free economy....   [tags: Papers] 3110 words
(8.9 pages)
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Utilitarianism, Economics and Ethics - Imagine a child living in a hot, government owned apartment in Chicago. He has no father. With his single, jobless mother he struggles to the words of the founding fathers: “We hold these truths to be self-evident, that all men are created equal; that they are endowed by their Creator with inherent and inalienable Rights; that among these, are Life, Liberty, and the pursuit of Happiness...” (The Declaration of Independence). This is one of the most famous phrases in the US Declaration of Independence and has become the underpinning of the dreams of millions of people around the world....   [tags: Flaws in Utilitarianism]
:: 7 Works Cited
1747 words
(5 pages)
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Economics of the Construction Industry - Economics of the Construction Industry Although the company has some marketing strategies in hand, its policies are not generating sufficient interest in current projects, suggesting some up dating is needed. Not knowing what policy is in place it is reasonable therefore to start from scratch. What is marketing. Fundamentally, marketing is about identifying, satisfying, or exceeding the needs and wants of the customer, which are constantly changing, and which can be fulfilled in a product more efficiently and effectively than the company's competitors, whilst still maintaining profit....   [tags: Papers] 2128 words
(6.1 pages)
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Economics of the Late Victorian Era - Economics of the Late Victorian Era With the power of wealth and concentration of industry, the tremendous development in machinery, and power to drive machinery; with the improvement of the tools of labor, so that they are wonderfully tremendous machines, and with these all on the one hand; with labor, the workers, performing a given part of the whole product, probably an infinitesimal part, doing the thing a thousand or thousands of times over and over again in a day-labor divided and subdivided and specialized, so that a working man is but a mere cog in the great industrial modern plant; his individuality lost, alienated from the tools of labor; with concentration of wealth, concentrat...   [tags: Papers] 2159 words
(6.2 pages)
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The Economics of Prostate Cancer Screening - Introduction This paper will focus on the economics of prostate cancer screening. The American Cancer Society states that cancer is a group of diseases characterized by uncontrolled growth and spread of abnormal cells. If the spread is not controlled, it can result in death (10). According to the Centers for Disease Control and Prevention, cancer is the second leading cause of death. In 2002 alone, half a million Americans will die of this disease. Of this numerical figure, it is estimated that perhaps more than 1,500 individuals a day will die....   [tags: Health]
:: 10 Works Cited
2964 words
(8.5 pages)
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Singapore Helping her ASEAN Neighbors Develop their Economies - Discuss the role Singapore can play in helping her ASEAN neighbours develop their economies, and how this can benefit Singapore in the long run. The ASEAN community consist of member countries Singapore, Malaysia, Indonesia, Philippines, Thailand, Cambodia, Vietnam, Brunei Darussalam, Laos and Myanmar, whose collective will is through cooperation and friendship and through joint efforts and sacrifices, secure for their peoples and for posterity the blessings of peace, freedom and prosperity. Upon the foundations as a major maritime and air transportation hub for the region, Singapore has developed as an “international financial capital”....   [tags: Economics] 1975 words
(5.6 pages)
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Anglo American Economic Geography - Discuss the intellectual history of Anglo American economic geography since the 2nd world war. Economic concepts have often been used as the foundation for geographic theory; showing a relationship between the two. When the field of economics evolves then so too does the field of economic geography. Economic geography is defined as: a field of geography that helps to describe and explain the areas where economic activities are carried out. It is centered around helping to explain the production and distribution of commodities and how resources are to be allocated and the consequences (Barnes 2009)....   [tags: economics, ]
:: 7 Works Cited
1580 words
(4.5 pages)
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Milton Friedman's Economic Theories - History and Background Before the introduction of Keynesian economics and Milton Friedman’s Monetarism theory, there was classical economics. These economists believed in self-adjusting market mechanisms, however with that the market needs perfect competition. Wages and prices in the market must be flexible. These economists believe that supply and demand pulls would always help the economy reach full employment. Full employment could be achieved by the market forces and with that changes the level of employment resulting in a fixed income and aggregate output....   [tags: Economics ]
:: 5 Works Cited
2877 words
(8.2 pages)
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Economics Of Singapore - Introduction The Republic of Singapore celebrated its 42 years of independence in year 2007. Situated at the southern tip of Malaysia, Singapore currently holds a population of 4.68 million as of June 2007. At 704.0km2, it is ranked 4th in the world for its population density. During the past four decades, the economy as measured by real Gross Domestic Product (GDP), multiplied by over 20 times (Ghesquiere, 2007, p.11). As a small and extremely open economy, Singapore long term survival is very much dependent on the ability to maintain its viable position and remain afloat in the sea of global competition (Mun Heng et al, 1998, p.14)....   [tags: Singapore Economy ] 1537 words
(4.4 pages)
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Characteristics of Transaction Cost Economics - In the current competitive business situation, the budget of each investment is likely to be tight. From the beginning of the investment, the cost management might conduct for the best efficiency. Nowadays, firms work with not only domestic industries but also international suppliers. The channel of business opportunities has been developed widely. Global business interaction seems to bring about the relationship between the firm and supplier how to make a profit effectively. In addition, it might be possible to say that this circumstance leads to enhance the domestic industrial relationship too....   [tags: Economics]
:: 6 Works Cited
2094 words
(6 pages)
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Thoughts on Game Theory in Economics - According to Wikipedia, game theory is a branch of applies mathematics that is used in the social sciences (mostly economics). Game theory can also be defined as a theory of competition stated in terms of gains and losses among opposing players. Game theory tries to mathematically imprison behavior in strategic situations, in which a person’s success in making choices depends on the choices of others. Traditional application of this theory attempt find equilibrium in these games, in equilibrium....   [tags: Economics]
:: 16 Works Cited
1937 words
(5.5 pages)
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Overview of Behavioral Economics - Behavioural economics is the study of the effects that psychology has on the decision making of the economy. This tends to be the way that people think and feel when they are spending money on a certain good or service. The great economist Adam Smith was the first follower of this idea through his book “The theory of moral sentiments” which dates back to 1759. However, it took over 100 years to get a more clarified meaning of how big of a role the psychology of a buyer plays in economics. In behavioural economics there are seven basic principles which all contribute to the decision making process....   [tags: Psychology, Economics]
:: 14 Works Cited
2380 words
(6.8 pages)
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Adam Smith's Contributions to Modern Free Market Economics - Among economists, it is said Adam Smith is one of the main contributors to modern free market economics. His thoughts attacked mercantilism which was the prevalent form of government at the time. His works provided systematic rationales in the subjects of capitalism, free markets, and limited government intervention. His most popular books changed history because without them, many of these thoughts and ideas would not be so prevalent. Smith is regarded and cited as the father of modern economics....   [tags: Economics ]
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2262 words
(6.5 pages)
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Demand: One of the Pillars of Economics - Demand and Quantity Demanded There is a clear distinction between demand and quantity demanded; furthermore, they have their own significance in the economics arena. In economics, the term demand refers to the will associated with purchasing a product, which one can afford, meaning that the price must be contained within the fiscal reach of the consumer. Demand is also a combination of aspiration to possess something, capability to pay for it and the willingness to reimburse. An example is the ability of citizens to pay for education, as well as to buy basic-food staff....   [tags: Understanding Demand in Economics]
:: 4 Works Cited
1973 words
(5.6 pages)
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Environmental Economics and Government Policy - Economists often talk about letting the economy work through the mechanism of the free market versus government control and regulation. Some believe that if the market is allowed to "do its thing" unprohibited and without government interference, then resources will be allocated efficiently, equilibrium will be found, and so on… However, this is not always possible. Of course, government control is not perfect either. Thus, it would seem that at times the market may be more appropriate than the government; other times the government may be needed because the market is not able to function properly; and other times a combination of the two working in unison may provide the best and mos...   [tags: Economics and Community]
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3398 words
(9.7 pages)
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Conservation and Economics: A Constant Struggle in the Past and Present A Mutual Relationship in the Future - Conquerors and competitors, that’s what humans and all animals are to a point; every living thing on Earth has one mission: survive and reproduce. The balance of the environment relies on this concept of constant competition, but this balance also has checks and controls if it is damaged or becomes unstable. Humans have developed to the point where they can completely exploit the environment however they want. There are no natural predators to control our population, we fight diseases with ground-breaking technology, and we replace native plants and animals with ones that fit our “needs” more suitably....   [tags: Economics ]
:: 11 Works Cited
2120 words
(6.1 pages)
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The European Union: Economics, Policy and History’ by Susan Senior Nello - ... These researchers looked at the ‘correlation of demand and supply shocks between the new Central and East European member states and the euro area during the 1990s’ (207). The author claims that reasons why the European Union is not an Optimal Currency Area is due to the selection-process of the countries that are allowed to be part of the European Monetary Union. The European Union that started out with the European Steel and Coal Community (Gillingham ix) was intended as a community to optimize the economic results....   [tags: chapter 9 analysis, economics, policy-making]
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1724 words
(4.9 pages)
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Economies of Scale - Introduction The conditions proposed by the financial crisis and international markets have ended up affecting the practice of economies and shared frames of reference on the nature of the problems. A minor phenomenon in Bangladesh can have substantial impacts in New York or London. The scale and size categories have become central to the analysis of what is happening. Institutional sizes are related to risk externalities [Makridakis / Taleb, 2009]. The work produced [Haug, 2007; May, 2008] offer an explanation of the consequences to take extreme risks in economies (extreme risk)....   [tags: Economics ]
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2135 words
(6.1 pages)
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Environmental Economics - Introduction With the rampant deterioration of the environment taking place, panic striking and scandalizing environmental issues like global warming and greenhouse effect making banner headlines in our news papers and bulletins. Entire world is busy in devising energy reforms that can save the planet from plunging deep into the pit of destruction and catastrophe. In order to counter the looming energy crisis that is engulfing the world, research scientists all over the world are busy brainstorming their ageing heads in order to devise reliable energy systems, which can prove effective in resolving environmental disasters....   [tags: Environment, Renewable Energy]
:: 8 Works Cited
1945 words
(5.6 pages)
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Economics of Haiti - The economics of Haiti has deceased in the last 4 years after the devastating earthquake that struck it 4 years ago. The Haiti economy has become very poor and one of the poorest country in the south, Central America and Caribbean region making it ranked 24 out of 29 countries in this area and its overall score is below average. Haiti’s economic freedom is 48.1 making it economy the 151st freest country while in the last several years Declines in the management of government spending, freedom from corruption, and labor freedom make its overall score 2.6 points lower than last year....   [tags: Economy, Exports, Poverty, South America]
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2353 words
(6.7 pages)
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Emerson and Economics by Alexander Kerns - In Alexander Kern’s “Emerson and Economics,” Kern draws attention to the economical aspects found in Ralph Waldo Emerson’s texts. Specifically, Kern discusses the lack of attention that Emerson’s economical notions receive. Emerson is not associated with being an economist writer, but Kern draws attention to how “he so frequently touched the subject than an understanding of his economic ideas is a prerequisite to the evaluation of his entire thought on any relative or absolute scale” (Kern 678)....   [tags: ralph waldo emerson, self reliance]
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1954 words
(5.6 pages)
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International Economics of Renewable Energy - International Economics of Renewable Energy Energy is a critical component for every economy and society around the world. Energy is divided into two groups, nonrenewable (coal, oil, natural gas, and nuclear) with a finite amount found around the globe and renewable (hydro, tidal, solar, wind, geothermal, and biomass) that are constantly being replenished so that they will never run out (Green Energy Choice, 2011). The international economic impact of renewable energy is explored by examining subsidies, strategic policies, and comparative advantage of renewable energy....   [tags: Energy ]
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1861 words
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Economics of Crime: Capital Punishment - Introduction Capital punishment was an ancient penalty. This has incurred many argues since 18th century. The focal points are ‘value of life’ and ethical concerns. Besides, the economics analysis also is important, which focuses on the effects and efficiency of capital punishment. In the article, the anterior part indicates the supporting reasons of death penalty, the posterior part indicates the cons. Support Reason Deterrence of punishment Becker (1968), first of all, assumes that the crime is bad which incurs social loss, it should be deterred, death penalty is the severest punishment, and potential criminals are normal individuals....   [tags: Capital Punishment, Death Penalty]
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1843 words
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Healthcare and Economics: A Career as a Physician - Before taking this class, I have always wondered how much money healthcare workers get. Yes, it depends on what profession you choose or look at, but I chose the profession of a Physician. I chose to write about this topic because I might want to be one when I grow up. I am also very excited to find out more information about Physicians. Physicians often take care of people, they observe and listen. They are able to prescribe medication and send you to different check up areas. I find it very interesting that a Physician Assistant performs more tasks than an actual Physician, but gets payed less....   [tags: obamacare, competition, salary] 2194 words
(6.3 pages)
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Economic Impact of Telehealth - Economic Impact The economic impact of telehealth is a critical factor to examine when looking at the feasibility of incorporating such technologies into practice. Exploration of economics is also essential as it has been posited that telehealth has the potential to deliver care to individuals that is cost saving in nature (Wade, Karnon, Elshaug, & Hiller, 2010). Furthermore, the estimated expenditure on telehealth services and technology is expected to reach into the billions of dollars (Berger, 2010)....   [tags: Economics ]
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1767 words
(5 pages)
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Economic Geography and Regional Development - Introduction We observe, more often than not, large differences between the incomes of different regions within the same country. The same is observed even between towns within a state, districts within a city, areas within district and so on and so forth. While reasons for such differences are more obvious at national and sub national levels, they become more complex as and when we get to smaller and smaller zones. This has caught the attention of many in the past and has generated enormous amounts of literature....   [tags: Economics]
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1839 words
(5.3 pages)
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Cuban Economics - Introduction Modern Cuba is a country born of struggle. The revolutionary movement that formed the modern day government has remained in power for more than forty years. Indeed, the Cuban government is perhaps one of the most stable governments in the region. This fact is made even more evident by the recent fall of democracy in Haiti. However, the past ten years has seen a marked change in Cuban economic policy. Ostracized from the international community and faced with an embargo imposed by the United States, Cuba has turned to various sources of economic reform in order to survive in a global market....   [tags: Essays Papers]
:: 26 Works Cited
4540 words
(13 pages)
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Health Economics - Cost-benefit, cost-effectiveness and cost-utility analyses are forms of economic evaluation which are useful in health economics for comparing costs and allocating resources. Health economics is widely relevant to governments and the health sector in implementation of new policy, as it concerns the allocation of resources in the context of a limited budget, or 'scarcity'. Economic evaluation is a potential tool for setting priorities in health, though it is only one of many potential criteria, including overall budget and public attitudes and wants....   [tags: Medical Policy, Evaluation and Analysis]
:: 5 Works Cited
2840 words
(8.1 pages)
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Your search returned 200 essays for "Economics":
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