ECONOMY AND BUYING HABITS CONCERNING MINERAL EXTRACTION Introduction Mining has been providing materials which are used in the building of structures, manufacturing of machines and creation of tools which are used to sustain world population demands. Currently, it is estimated that techno sphere mass is almost thirty trillion tones (Miller, G.T. and Spoolman, S.  2014). Countries with mineral deposits and support mining activities have attained substantial economic growth however there are several environmental effects associated with this activity especially emission of hydrocarbons. Economy and buying trends associated with the Mineral extraction The economic performance associated with mining generates growth through expansion and extensive human development. The analysis of trends and related patterns that relate to the subject is influenced by several environmental factors. The human activities indicate that nations with mineral deposits reported maximized growth compared to countries without minerals (G. Tyler Miller & Scott E 2017). The sun’s heat energy and earth energy balances to maintain geochemical balance The minerals are formed as result of geochemical processes which mineral extraction activities interferes with profusely. The availability of minerals is…

Effect of unemployment to Economy Unemployment in any country affects significantly on the economy. Persistent high unemployment usually creates a high cost for the people as well as the economy as a whole. Often, some of these effects on the economy are hard to measure, but the extent is evident. One of the most known is the loss of income. The majority of unemployed experienced a decline in their living standards, which leads to less spending power (Schmieder, Wachter & Bender, 2016). When less spending becomes evident, it forces the government to engage in borrowing activities to settle some debts owed by those who are unemployed. This affects the economy of the country since it operates on terms due to reduced income, which reduces cash inflow into the country’s economy. Consequently, unemployment causes multiplier effects in the country’s economy. Due to closure of several manufacturing companies’ causes’ multiplier effect on both the country’s and regional economy since it causes a drop in demand for essential local services causing downward pressure on the economy of the country.  In most cases, people…

rise in the UK’s economy The growth of the economy of a country incurs costs while balancing the demand and supply market. An increase in the economic growth rate of a country is likely to cause inflation in prices. A rise in the UK’s economy of over 4% led to an increase of over 9% in inflation (Bronfenbrenner, 1953). During a boom in the economy of a country, the rate of consumption of goods in the market tends to exceed the total supply of goods due to high incomes experienced in earnings and wages. When the rate of demand rises spontaneously, the supply of goods is likely to fall below market levels (Steven, et al., 2004). Therefore, merchants raise the price of goods to obtain a balance in demand and supply. Inflation further leads to lowering the purchasing power of a country’s currency, therefore depreciating the currency. Figure 1: Inflation Demand Supply Curve As the economy experiences rapid growth, product consumption increases as well as the productivity of the country. As the rate of production and consumption increases, the rate…

  CHINA’S CYBER ESPIONAGE; A DANGER TO THE US NATIONAL SECURITY     CHINA’S CYBER ESPIONAGE; A DANGER TO THE US NATIONAL SECURITY Countries invest numerous and expensive resources toward security. Threats to countries arise from various sources, some of which include terror groups and other bodies within particular countries or foreign ones. One of the most common and severe security threats in the present-day world is cybercrimes. The United States security organ is responsible for ensuring the security of US citizens and its territories. Among the major areas that concern the United States Security department is physical, political, economic, as well as ecological security. Cybercrimes have the possibility of tampering with these four areas hence its importance. Globally, many trends in the cyber domain pose a significant risk to America’s Nationwide Safety. One of the risks to US national security is China’s Cyber spying. China’s Cyber Spying Due to competition for global resources, power and economic superiority, the world is witnessing growing cases and episodes of cybercrimes. Cybercrimes are becoming a popular method through which nations advance their agenda…

The Economic Impact of Iraq and Afghanistan Wars on the US Economy The Iraq wars were military conflicts that took place for about seven years between the year 2003 and 2011. The wars costed the US about $5 trillion (Bilmes & Stiglitz, 2008). The Iraq war was launched buy the George Bush administration where President Bush aimed at eliminating the threat of Saddam Hussein who was the Iraq Sunni leader. The Afghanistan war was aimed at capturing and killing the worlds most wanted terrorist, Osama bin Laden who had launched numerous attacks against America. The two wars were war on terror and it was an US 9/response against the 9/11 terrorist attack on the US by the al-Qaida. This ignited the war against the two states by the US. Moreover, the aim to end the al-Qaida was universal benefit and besides it was still a benefit to the innocent citizens of the two involved states. The federal government of the United States has obligated and spent about 5 trillion dollars on the wars. The finances that were used are estimated…

ways to decrease the amount of money that is in supply in the economy Fed uses several ways to decrease the amount of money that is in supply in the economy. The system reduces the amount of money in the banking system. If the Fed wants to reduce the amount of money in quantity, it makes sure that all the bonds are sold from its accounts. It means that it will be taking payment in cash hence removing cash from the economic system. Therefore, the federal funds rate is considered to be a highly anticipated event economically. The money in supply is reduced by raising the reserve requirements of the bank. The open market operation can decrease money supply because the Fed uses bonds to in exchange with cash. The primary tool that is used by the Fed on raising the interest rates include central banks. It offers manipulation of short term interest rates. The action is meant to slow various economic activities and control the rate of inflation in the country. The Fed also uses open market operations. The…

Political Uncertainty and the Economy Introduction Social, political, and institutional instability can affect the economy. Political risk may occur due to a particular decision that the government takes. Political risks may be direct or indirect. An example of an immediate political risk is expropriation. An indirect political risk can occur when a decision made by the government prompts another actor to act in a way that affects a business. For example, third parties can obtain illegal advantages when the government fails to see that the rule of law gets enforced. Expropriation occurs when the government takes the shares of a firm from the owners, and it is the most common type of political risk. The motivation for the government to confiscate might come from its need to gain political support in the next elections from voters. In some countries, companies dealing with natural resources, security, and pensions get expropriated because the state owns companies of such nature. The government can also form policies that enable them to take money from firms. Social unrest, such as demonstrations, is an indirect political…

Is it necessary to incorporate discretionary economic policy in boosting the economy during the recession phase Introduction The main aim of the discussion in this paper is to find out if it is necessary to incorporate discretionary economic policy in boosting the economy during the recession phase. The second issue is finding out the best way of implementing the policy during a financial recession, especially when households choose to operate on the Nash equilibrium of Pareto inefficient path (Harashima &Taiji (2017). Government intervention in combating the recessive issues such as low growth of the economy and increasing rates of unemployment is also discussed.  The paper proposes different options that the government can use to participate in boosting an economy that is recessing with merits and demerits of each, as explained below. The ultimate fiscal shock causes a downward change to a country’s economic sector, which is characterized by decreased industrial production and low consumption by households. The best way to curb this challenge is through the improvement of the utilization of produced products by the citizens. Increased consumption will lead…

 how comparative advantage is relevant in today’s economy A large number of organizations in the current economy are still using comparative advantage. The ability to understand comparative advantage is a fundamental concept that helps companies to formulate an effective strategy. Therefore, comparative advantages are those principles and set of qualities that will help an organization to leverage the level of competition in the economy. The paper encapsulates how comparative advantage is relevant in today’s economy together with suitable examples. Comparative advantage is essential for the organization. The concepts most of the time, focus on inducing critical aspects that will boost the profits as well as performance. The ability to provide quality products as well as services facilitates the element of comparative advantage. Besides, the use of distinct branding and the ability to invest in the marketing strategy supports comparative advantages. Therefore, some of the organization with comparative advantages include; the TSLA Company has a comparative advantage. The organization is well known for the luxury vehicles and use of high technology when designing their brands. Currently, the company has no direct…

ANALYSIS OF “THE POLITICAL ECONOMY OF RENT AND LAND USE” BY DOUGLAS KORITZ             In chapter five of Douglas Koritz’s article “The political economy of rent and land use” much has been scrutinized and which deserves the due credit. Right from the word go, Douglas has given facts, one after the other, and which is a clear evidence that he had thoroughly done research before he started his work. One of the facts which he presents to the audience is the relationship between the intensity of land use and its value. That the value of land tends to increase when the intensity of its usage increases. And that’s a fact which will hold not only on land but also on other capital assets. I mean, you cannot equate the value of a hundred bus seater to that of a fourteen seater mini-bus. It’s obvious that the value of the bus will cost higher than that of the minibus, because the bus will definitely return the investment much faster than the minibus. And the same case applies to land. Douglas has…