Group items tagged

Many industrial associations in India are displeased with an increase in the power tariff, because "It would not only prevent new industries from coming to the state but may also lead to closure of the existing ones." Power is a service high in demand among large industries, and making it more expensive to use external producers will harm businesses and firms in India.

This article describes the transition of the Canadian Wheat Board after the Canadian government ended its monopoly. This means the wheat farmers in Western Canada are now going to have to be more competitive as they don't have a monopoly over the industry, and so the industry is ideally transitioning from a concentrated market structure to a competitive market structure.

This article discusses the impact of business franchises in the US economy. The output and production of the franchises has been increasing and maturing as the economy gets better. This contributes to the national output, and the capacity for that output known as aggregate supply.  "The franchise industry is a unique business sector and a vitally important contributor to the U.S. economy spanning some 300 lines of business, supporting nearly 18 million jobs, 825,000 establishments and providing for over $2.1 trillion in economic output,"

This demonstrates economic activity because it focuses on the performance of an industry in the economy and is therefore a component of GDP. The article also evaluates what is likely to happen in the future of the industry, and the expected consumption patterns of certain individuals.

This video talks about how after the economic crisis a company located in England called BAE, the world's second largest military defense company who employs more than 40,000 people, talks about opportunity cost because of the resent cut backs in their contract. It talks about how England is trying to become more reliant on industry instead of finance. Lastly, it talks about the companies cuts from the government and job security because local governments have cut their spending with BAE, they are spending their money to invest into their own economy. Finally, I think it relates to scarcity because money itself is scare and government have to decide how to spend it efficiently.

A lot of movement in the reserve assets component of the financial account in India is causing stress for the balance fo payments. Demand for gold is increasing, and because of great returns on investment and the affinity for gold in India, demand is increasing. The determinants of demand are highly responsible for maintaining this instability in current account deficit and "stress on the system" for the Reserve Bank of India.

In order to protect its domestic industries from European subsidized-sugar, Canada places high duties (tariffs) on imported sugar. This article details how local firms are benefiting due to a ruling that allows these trade barriers. While consumers would benefit from free trade because they can purchase sugar at a low price, it would have a harmful effect on domestic firms, which is why protectionist measures are put in place.

This article discusses how new technology (as well as government subsidies) are allowing the costs of production of wind turbines and wind-generated electricity to decrease.

"There is no conspiracy between the major banks, smaller banks, building societies and the RBA" ... Steven Munchenberg. Photo: Justin McManus The Australian banking sector has hit back after an offshore analyst cast doubts on the arguments used by the local sector for justifying lifting mortgage rates independently of the Reserve Bank this month. Furthermore, this article goes onto explain, in much detail, the situation and context of an oligopoly in the Australian banking industry.

This article depicts the failure of the macroeconmic system in Nigeria, and how the country's poverty is exemplified through GDP. The low development of the country is due to a cumulation of low income rates, and a non-industrialized economy. Macroeconomic tactics are failing, and this results in high poverty of the country.

This article demonstrates the concept of equilibrium by pointing out that there is a shortage of sugar in Europe because the EU is trying to shrink the sugar industry. The shortage of sugar means there's excess demand; the supply is insufficient because of certain trade barriers and import duties. 

Quote from article :"A large chunk of the industrial world has fallen into deep and long depressions characterised by persistent high unemployment". Basically the article talks about how unemployment impacts the AS and AD of an economy and its domino effects as well.

"Wal-Mart's influence on the U.S. economy has reached levels not seen by a single company since the 19th-century rise of Standard Oil, economists and historians say" To state that Wal-Mart is huge would be an understatement and in my perspective, it is the perfect example of economies of scale. The article is a bit lenthy though but the points are well explained.

"Hewlett-Packard (HP), the world's largest information technology company and an icon of U.S. business, announced that it intends to exit the personal computer industry, including the rapidly expanding smartphone and tablet segments"

This article concerns the fact that minimum wage for the UK will be raised by 11p; an increase of 1.8% from its current level. This change will affect aggregate supply in the short run (SRAS curve); as it will effectively increase the costs of production for all the firms in the industries of the economy. The result will be a shift to the left on the SRAS model.

This article shows the real-life application to the new ideas we've been discussing in terms of the Republic of Cyprus. "Cyprus has so far been an energy island -an isolated energy system- and has till recently been almost totally dependent on imports of oil which burden the current account balance. A bright horizon of peace, cooperation and economic growth will then open up for the area of the Eastern Mediterranean, to the benefit not only of the countries and peoples of the area but also of our wider European family." I have included the conclusion to the article as well, which wraps up this sustainability-conscious article."In shaping the world of today and tomorrow through their decisions on energy issues, visionary leaders will aim at improving the prospects of both the current and future generations in terms of economic and social development and of sustainability, and certainly in terms of establishing and strengthening peaceful and hence productive international relations."

Hey, This article is about how the current economic climate is affecting many industries in the eurozone and how this may be making our situation worse in the long run as less money is being fed into the economy. Hannah