In recent times, Russian presses have been full of articles analyzing the Russian economy and making forecasts, most of them pessimistic. Many would say the Russian economy has failed miserably in the past one hundred years. After the 1917 Revolution, an attempt was made by the Communists to create an economy based on socialist principles. The thought was that the capitalist system led to a […]

The United Kingdom is the sixth largest economy in the world, and the third largest in Europe after Germany and France. London is the world’s second largest financial center after New York. The most important industries of the economy of Great Britain are the aerospace industry and the pharmaceutical industry. This economy is boosted by its oil and gas reserves. The currency of the UK […]

Political The company will have to agree to follow all rules set out by the ELI, in regards to the sale of food and drinks regulations. Our company will be able to pay a low tax rate to produce the drinks in Ireland, currently the tax rate in Ireland for corporations is 2. %. We however need to concentrate on how much sugar we put […]

Positive Feedbacks in the Economy A new economic theory elucidates mechanisms whereby small chance events early in the history of an industry or technology can tilt the competitive balance by W. Brian Arthur onventional economic theory is built on the assumption of diminishing renrrns. Economic actions engender a negative feedback that leads to a predictable equilibrium for prices and market shares. Such feedback tends to […]

Political Marks ‘disappointed’ with China’s rejection of an industry alliance 19 June 2014 Last updated at 02:14 BEST Plans for a new international shipping alliance to cut costs have been rejected by China. Already approved by the US and the ELI, the so-called “UP Network” was meant to operate in a similar way to code-sharing deals between airlines. It would have allowed the world’s top […]

SST. Charles Hospital, located in an upper-income neighborhood of a large city, recently received a restored mansion as a gift from an appreciative patient. The board of directors decided to remodel the mansion and use It as recuperative quarters for patients willing to pay a premium for luxurious accommodations. The cost to the hospital of using the mansion includes Selected Answer: d. Both b and […]

The occurrence of wars all over the world induced various alterations to the economic situations of all countries and states on the globe; therefore, the conclusion of World War 1 left nations without much of a choice but to work hard to improve their typical stable economies. This then led to the emergence of the gold mechanism, enabling world-class nations to have their economies stabilized […]

Tax evasion rampant in Greece that translated added to government’s budget deficit. After Joining Euro Zone (EX) in 2001 , Investment capital and government loan increased based on the strength of Euro. To retain Grace’s membership in EX, government paid International investment institutes in billions of dollar to hide its actual debts levels and spending. In 2010, Global economic crisis revealed that since it’s Joining […]

Health care has been changed dramatically during the years from back in 1960 to today. The economics crises have taken over majority of its courses for these changes. What is economic history and health care funding? Economic history is the way people dealt with supply and demand, cost of production of a product, the levels of income and distribution of wealth, the structure of overseas […]

To see how well a country has developed, people mainly judge by the total GDP value, there are also many type of indicator, such as the HDI, number of mobile per person etc. In this essay I have mentioned 3 countries- Kenya, Hong Kong and UK, to see how they have developed in the past 10years and what is the problem that hinder its improvement. […]