Category: Economic Problem

The CPI calculation in the inflation rate is considered as a combination of many goods, which are accumulated within the year. The same products are used in the following year and the next, which means that in the calculation of the inflation rates. The amount of goods and services used in the calculation remains the…

An economic problem or challenge occurs when a country fails to meet the needs or wants of its population with the scarce resources it has. It could be said that when an economy fails to meets its micro and macro-economic goals it creates an economic problem for them. Since 2007 the world has seen a…

Recession means when the economy of a country falls, and some undesirable situations also occurred due to recession. These causes down fall in employment rate, fall in wages rate, and fall in retail price. Recession may be occurred for two months four months but not more than one year. If it does then these are…

On May 26, 2015, Bernie Sanders, one of the runner ups for presidential candidacy, holds his kickoff event in his hometown Burlington,Vermont. On that day, Sanders discusses the overall being of the American people and the economic problem that hovers over the nation today. The problem is the economic inequality among social classes in America,…

Economy is a region of the creation, dispersion, or exchanging, and utilization of products and enterprises by various specialists. Comprehended in its broadest sense, The economy is characterized as a social space that stresses the practices, talks, and material articulations related with the generation, utilize, and administration of resources. Economic operators can be people, organizations,…

Poverty is a situation wherein human beings arent able to afford basic needs. Its definition is short and sweet, but its implications are vast and complex. President Kennedys inaugural remarks remind us that The challenge of global poverty is not new. Historically, poverty has been an epidemic, killing thousands of people year after year. Over…

What is poverty? by Jo Goodwin Parker may be a denotative interpretation of poverty. UN agency the poor area unit and the way the societys stereotype is injustice. Parker with success describes the poor peoples issues and also the purpose of read that society has for those who sleep in poorness. Apparently, in Seventies the…

According to the Syrian Network for Human Rights 206,923 civilians have been killed during the span of Syrias civil war. It is estimated by the SNHR that 57% of these deaths are due to aerial bombardment. Those that are lucky enough to live through the air raids experience many after-effects, the largest one being P.T.S.D.…

According to the Cambridge English Dictionary, scarcity is the lack of certain resources, making it hard to achieve. In the context of economics, the lack of resources leads to the inability to meet the demands of the market. The reason scarcity exists in the first place is due to the consumption of the resource itself.…

First of all, before talking about the economic problem and what follows it will be better to start with what is the economy as such. So, economics is a term we hear everywhere and is present in all human societies. It is a discipline that studies the description and also analyzes the production, the exchanges,…