What was the economy like in Charleston, South Carolina, in the 1960s? In the early 20th century, agriculture was the key to the economy of Charleston’s estate; however, in the 1960s, the value of manufactured goods exceeded the number of agricultural products. Despite that agriculture has continued to play an essential role in the economy, it was then playing a diminishing role since employment in the service and manufacturing industry was increasing. The manufacturing industry was now involved in the production of non-durable products and fabric production. However, the trend changed in the late 1960s, and early 1970s were transportation equipment, and other durable goods were now playing a pivotal role (John & Donald 2019). Also, the service sector was propelling the economy, with tourism playing the most significant part. Since the 1960s, South Carolina farms have declined in number. However, cotton and cottonseed have remained a top crop. It was once in every estate, but now it’s limited to a few farms. Tobacco farms for many years it was a leading crop in the estate, and it remained central in…

How Immigration Impacts Canada’s Economy The recent past has witnessed countries having heated debates concerning immigration. Many countries in Europe and America have imposed strict immigration policies that limit the number of immigrants that pour into their countries. Even so, Canada has endured unwavering support for immigrants and has been welcoming refugees from every part of the world. For instance, in 2016, during the height of the migrant crisis, the country famously accepted 30,000 refugees from Syria. In total, over 296,000 new immigrants and refugees were welcomed into the country in 2019. Historically, the country has always allowed a high influx of immigrants, which can be attributed to Canada’s unique economy. Factors such as abundant supplies of natural resources, as well as the sparse population over a vast landscape, might have significantly contributed to the friendly migration policy. The exploitation of these resources required adequate labor, which the sparse population of the country could not offer. In the 19th century, for example, Canada brought in Chinese migrants to construct the Canadian Pacific Railway and aggressively advertised in Europe to find…

State of the Economy The great recession in the U.S. was a severe financial crisis combined with a deep recession. The latest official recession lasted from December 2007 till June the year 2009. And it took the United States several years to recuperate and improve to pre-crisis levels of employment and output (Grusky). The slow reclamation was due in part to the households and financial institutions paying off arrears accrued in the year before the crisis and further the reserved government expenditure following the initial stimulus efforts. Furthermore, according to the statistics by the department of labor, approximately nine million jobs equivalent to seven percent were shed from February 2008 to February 2010 with the real GDP contracted by 4.2% between the fourth quarters of the year 2007 and the second quarter of the year 2009. Therefore this is the reason the great recession is considered to be the worst economic slump since the great depression (Grusky). Moreover, the GDP trough was realized in the second quarter of the year 2009. Therefore this technically marked the end of the recession.…

Best investment opportunity All the companies are expected to pay, on average, 6% WACC to all its security holders to finance their assets. However, consideration of WACC is not an appropriate method for determining a valid investment opportunity when considering various investment options. WhiThis is because; WACC mixes up the value of the project with the taxation fee hence turning unattractive projects into acceptable ones. Therefore, WACC hinders the valuation of projects based on their own merits. Thus, calculations indicating that the three companies have to pay, on average, 6% WACC signifies that the three companies are subjected to similar financial markets. The other criterion for evaluating the best investment opportunity is by examining the price to earnings ratio (P/E). This ratio transforms the company’s earnings into a measure that can be easily compared with other firms in the same sector of the economy. The ratio informs how much the investors will be willing to pay for a dollar earning in that particular company. Therefore, the higher the ratio, the more investors will be willing to spend. In this case,…

Political economy paradigm Chapter 8 puts the political economy paradigm of a realist in deducing expectations relating to financial, trade and monetary matters while focusing on Japan, the United States and China. The chapter considers the expectations of particular realist theories other than realism itself. Typically, realist theories in relation to the political economy where some may infer competing predictions, all derive their arguments from a common paradigm. The chapter reflects on the idea that trade relations fail as the most appropriate location of gauging behavioural expectations of realists. In the first part of the chapter, the author establishes that framework is primarily an approach as opposed to a theory hence cannot be fake. Realism can be distinguished from the remaining schools of thought, particularly liberalism, in terms of its basic assumptions, the state and war. The latter also significantly shape the distinct interpretation of realists with regard to the implications of the assumptions concerning economic growth. In addition, realists can also be differentiated by their opinion on the state being a distinct actor possessing its individual interests. The chapter…

FREE MARKET APPROACH TO ECONOMIC GOVERNANCE QUESTION: Does a free market approach to economic governance promote gender equality? •The question is asking you to critically assess whether adopting a laissez faire approach to the economy helps or hinders inequality between genders. Answer in reference to the empirical evidence on the pay gap across nations and the failure to account for the value of ‘social reproduction’. -harvard style referencing -no more than 3000 words -20 references or more -USE THESE THREE REFERENCES: 1) Bakker, I. (2007) ‘Social reproduction and the constitution of a gendered political economy’, New Political Economy, 12(4), 541–556. 2) Elson, D. (1998) ‘The economic, the political and the domestic: Businesses, states and households in the organisation of production’, New Political Economy, 3(2), 189-208. AS WELL AS: 3) the empirical evidence offered by a host of reputable organisations. Does a free market approach to economic governance promote gender equality? •The question is asking you to critically assess whether adopting a laissez faire approach to the economy helps or hinders inequality between genders. Answer in reference to the empirical evidence…

Circular Economy’s Impact on Economic Growth             “I take this opportunity to welcome each and everyone to this meetup. Circular Economy is a concept that businesses should embrace, as it is a sustainable way to ensure our Economy grows while reducing waste production, which is becoming a menace worldwide. Circular Economy basically involves keeping resources in use, while extracting the most of them. This means that we will be producing less waste, at the same time, saving on the cost of creating new products. Recycling raw materials is cheaper than the creation of new products totally from scratch. A good example is companies that use plastic for packaging their products. Plastic is very hazardous to the environment if badly disposed of. The cost of manufacturing plastic is also expensive than that of recycling. It will serve the environment greater value if these companies found ways to collect these containers and recycle them. This will greatly save on money, and at the same time, create jobs for the people who will work in the recycling industries. Plastic has affected aquatic life,…

E-business and Digital Economy             It important for an e-business model to create value in a way that is differentiated from the way competitors’ models create value. business model ensures an interactive and personalized communication with its customers’ offers a higher ability speed and accuracy   track and measure the capacity, 24 hours communication.(Osterwalder et al 2005) e. business adjusts the user experience it gives better information of products and services,  this enable users to form communities, that provide positive feedback about the service, the quality of goods. e. business sometimes lower the price as well as  reducing execution time. The customer perspective in e business measure the following factors, time  quality performance services and cost. For instance to estimate the time taken to deliver any order to the clients whether it helps the business owner to improve on the time used to deliver goods( Kalakota et al 1999). The quality of the service or product sold to the customers makes advancement and change for the best quality products and services to meet customers ( Pateli, et al 2004).The monetary value…

What determines the long-run growth rate of an economy?   The theory of economic growth was developed to answer this question and has traditionally used dynamic models for the task. Starting from Solow (1956)’s neoclassical growth model, write a group report exaplaining how differential equations in continuous time can help building such models.   Your report should include:   [Neoclassical model] A discussion of how differential equations and phase diagrams were used by Robert Solow to formalize his theory. Make sure to elaborate on the concepts of steady state and convergence in this context.   [Alternative models] An examination of possible limitations and refinements of Solow’s contribution, including examples of alternative dynamic models of economic growth. The number of alternative models you consider should be equal to your total group members minus one (e.g. three refined models in a group of four).[unique_solution]   [Simulation] An application of your selected models to an economy of your choice. Hint: collect reasonable values for all constant paramenters – e.g. labour force growth rate, saving rates etc.., and solve your models – either analytically…

Slaves were the backbone of the economy of the Southern. Slaves were more important to the South than the North. America’s southern states become the economic engine of the nation due to the plantations of cash crops such as tobacco, cotton, and sugarcane where slaves worked. The American prosperity was impacted by the slave economy. 75 percent of the entire world’s cotton was produced by the South and Mississippi River valley was registering more millionaires per capita than anywhere in the nation due to the income coming from the plantations where the slaves were working tirelessly for their masters. The slaves were owned by mostly the white families that could afford them. People think that almost all the Southerners owned slaves however only a quarter of the Southern families owned slaves. Slaves were owned by plantation owners, some few black indentured servants, rich white families and elites. Slaves were a symbol of prosperity and wealth. The slaves were kept by the white families as source of labor for their farm; small and large plantations, on their homes, industries and transportation.…