...Factors of Economic Change Name Institution Introduction Economic change is the variation in the capacity and capability of a country’s economy to produce goods and provide services within a given time frame. This essay analyses how supply and utilization of natural resources, capital formation, technological development, human resources, and foreign aid and investment lead to economic change. Supply and Utilization of Natural Resources The quantity and quality of natural resources in an economy have a significant role in initiating economic change (Knox, Agnew, & McCarthy, 2014). Maximum utilization of these resources determines the degree of economic change in a country. For instance, India with its excess availability of natural resources has had little economic development. On the other hand, Japan, which has little resources, has undergone rapid economic change to be among best-developed countries in the world. Through international trade, Japan imports most of the natural resources to help in the manufacture of its goods, which it exports to reap the benefits. Capital Formation The combination of labor with capital is vital in transforming the economic status of countries. For instance, the United States of America is productive because of the use of capital goods like machines, industries, and good infrastructure as compared to most developing countries which are less equipped. ...
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...Economics and Change Theresa Williamson FSCJ Dimensions of Professional Practice NUR3805 Dr. Kramer September 22, 2015 Economics and Change In March of 2010 President Obama signed the Affordable Care Act (ACA) into law. This act was to ensure that all Americans have access to healthcare. It provided coverage for pre-existing conditions, free preventative care, discounted medications for seniors and protected consumers against health care fraud. As health care professionals we had to accept and adapt to the change that was inevitably going to occur. This is going to be a collaborative effort on many different levels from nursing to case managers to nurse leaders. This act is going to require us to look at the way we charge for healthcare and how we are reimbursed for the care provided more carefully. The expectations are going to change for all involved with providing quality care to patients in any healthcare setting. The Affordable Care Act was not a spontaneous change but more of a mix between a developmental change and planned change. According to Blais and Hayes (Blais & Hayes, 2011, p. 254-255) “developmental change refers to physiopsychologic changes that occur during an individual’s life cycle or to the growth of an organization as it becomes more complex.” As a nation and a whole more and more people were not covered for health care or could not afford to pay for health care out of pocket. “More than 45 million American are uninsured, and as...
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...Economics of Climate Change Sachin Sharma 11060221060 Research Supervisor: Mrs. Sukalpa Chakrabarti A Dissertation Submitted in the Partial Fulfillment of the Requirements for the Degree of Bachelor of Science in Economics (2011 - 2014) Symbiosis School of Economics CONSTITUENT OF SYMBIOSIS INTERNATIONAL UNIVERSITY (Established Under Section 3 Of The UGC Act 1956, By Notification No F9-12/2001-U.3 Of Government Of India) EXAMINERS’ CERTIFICATE This is to certify that the dissertation titled ECONOMICS OF CLIMATE CHANGE submitted by has been assessed and graded towards the partial fulfillment of the degree of Bachelor of Science (Economics) in the academic year 2011-14. ____________________________ (Signature) Name of Internal Examiner: _________________________________________ ____________________________ (Signature) Name of External Examiner: _________________________________________ Date: Time: Place: Symbiosis School of Economics CONSTITUENT OF SYMBIOSIS INTERNATIONAL UNIVERSITY (Established Under Section 3 Of The UGC Act 1956, By Notification No F9-12/2001-U.3 Of Government Of India) Submission Checklist | Tick the field on the left of the list | | INITIAL PRECONTENT MATTER | | Filled in all fields on the title page. | | Filled in the acknowledgments page. | | Filled in the executive summary page. Dissertation abstract is fewer than 350 words. | PAGE NUMBERS | | No page number...
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...An economic concept that correlates to the onset of 3-D printing is the international labor market. Traditionally, the majority of U.S. companies have opted to outsource labor to lower their production costs. Firms will often hire more employers to increase productivity as long as the marginal cost, the cost of hiring on additional worker, is lower than the marginal benefit, the revenue and benefit that the firms will receive in return for hiring the worker. All firms essentially want to maximize their profit and they can do so using cheaper laborers in foreign, developing countries such as China. However, outsourcing is detracts from the U.S. economy since firms hire fewer employees domestically. 3-D printers can prevent that possibility and thus help companies grow since they would not need to heavily rely on either outsourcing or traditional manufacturing laborers. Since manufacturing firms can lower their production costs and produce more with the help of 3D printers, the aggregate supply of the nation increases, thereby lowering the price level for consumer goods. The decrease in prices would in turn decrease the value of a worker’s marginal productivity of labor, subsequently decreasing the demand of traditional or outsourced labor. ~~Another economic concept that comes into play with the labor demand topic is elasticity. Elasticity of demand can be represent by the percentage change in quantity demanded over the percentage change in price, which measures, in this situation...
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...Human development in a basis of brainpower is one of the most fundamental cause not only economic development but also in terms of development in general. Human endures intellect toward productive growth in developed countries which mainly relies on technological innovation. However, as for developing countries, growth and development follows developed countries by forcing the technology mechanism and changing the structure of production towards activities with higher levels of productivity. The evidence show that during 1970s and 1980s there were of structural changes in economic activities where developing countries enters the global markets. In his preface, Giplin (2001; xi) point out that “…important step toward the creation of a truly global economy, since the mid-1980s the world has also witnessed the extraordinary growth of economic regionalism as a countermovement to economic globalization.” Similarly, Magdoff (1992; 50) state that “In fact, capital exports have helped shape the evolving global economy ever since the end of the Second World War”. Moreover, Glyn and Sutcliffe (1992; 79) point out that “…left the world economy leaderless in the 1970s and 1980s with increasingly open economies disciplined by market forces, but without a unique center of gravity.” This implies that global economies forces t To provide a well-structured discussion, this essay will begin by briefly introducing into how neo-liberalism in the mainstream of development thinking greatly achieve...
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...ECONOMICS: CHANGES OVER THE CENTURIES LANDON COPE HISTORY 202 NOVEMBER 5, 2009 INTRODUCTION This report attempts to uncover the changing attitudes towards economics in the world over the course of several centuries. Several articles will be examined in an attempt to trade how basic attitudes, approaches, beliefs, ideas, and values concerning economics have changed over time. The articles being examined are (1) The Wealth of Nation by Adam Smith, (2) The Communist Manifesto by Karl Marx and Friedrich Engels, and (3) Japan’s Gross National Cool by Douglass McGray. The Wealth of Nations was published in 1776 and will represent the earliest of the works being examined here. Smith explains economic principles such as self-interest, supply and demand, and free marketplace. From this work we see the unraveling of capitalism and the paradigm of free trade. This work set the premise for many works to follow, including The Communist Manifesto. The Communist Manifesto is an influential political manuscript that outlines the problems with capitalism and the struggles between classes. Communism is trumpeted here, as well as conditions necessary for a transition to communism. This work was written in 1848 and represents a stark contrast to The Wealth of Nations in principle and in theory. Much has resulted from this manuscript and its ideas as can still be seen in the world today. Lastly, Japan’s Gross National Cool represents modern economic thought. Written in 2002, its...
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...Technological Change and Economic Growth Without economic growth a country cannot grow itself as a whole. To understand the role of technological change in economic growth, we must first explore economic growth. Economic growth is the increase in a nation’s real gross domestic product per person over time. There are two types of growth, the positive and the negative. Some of the positive effects are better living standards, better health care, and material abundance. It also has negative effects such as environmental destruction, and increased income inequality. With each invention over the past 150 years or so, it has made economic growth easier. Even little things can make a big difference in production which can lead to greater production and more profit which in turn helps the GDP grow as well as the economy. There are tradeoffs with the technology growth, for example the invention of the cell phone. It makes everything so much easier and more convenient, but because of that people are getting rid of their household lines, thus causing phone companies to lose money, with less profit coming in they are forced to lay off people. Another way to look at it is, that those cell phones now create new jobs for people because they need to be manufactured and produced. This provides jobs and the company profits helping the economy grow. With how fast technology is expanding and making its way into the work force and making everyday lives easier it is also costing us as well. People...
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...Major Change from 1865-1914 One major economic change between 1865 and 1914 was the rapid economic growth and prosperity in the U.S. which became to have the most dominant economic, industrial, and agricultural power during this time. The United States had accumulation of capital through a continuing series of investment that just soared dramatically. This economic soar was a turning point for American History and a relief for those who did not have jobs, it was an opportunity for those who did not have job to finally be able seek a better living and a decent job. Robert Higgs, a graduate student wrote a book of the American Economy during 1865-1914. In Robert Higgs book “The Transformation of the American Economy,” he states, “The Gilded Age, lasting from 1865 to World War I, was an era of economic growth never before seen in the history of the world. The standard of living of the modern age was born during this time of phenomenal transition. Lives lengthen. Wealth exploded. The middle class lived better than kings a century earlier” (Transformation of The American Economy). This statement in the book clearly speaks for itself. The economy during this time era was a tremendous upscale in history. The significance of the economic growth during this time meant no more living with the worry of not having a job or having to migrate from city to city just to find a job. This time period brought many people the chance to live a better life and with better pay so to say. Many companies...
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...Political: Northeast, industry growth, political views changing, and social changes. Unions forming in the North. Miners and steelworkers were among first workers to use strikes against business owners. Southern Laws that allowed segregation and discrimination made it hard for southern African Americans to enjoy life. West Discrimination and riots because of tension white Americans and immigrants. Midwest Labor unions were becoming more popular. Social reform in Ohio and Illinois. In rural areas, farmers were somewhat politically active. Social: Northeast Growth of industry showed the gap between rich and poor. businesses owners wanted to increase profits. Workers wanted better wages and working conditions. South The post-Civil War South continued to have race issues. New segregation laws...
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...Economic, Social, and Political Change Worksheet Agricultural Revolution Respond to each of the following questions in 2 or 3 sentences: 1. What are the three most important factors that contributed to the agricultural revolution in Europe? The three most important factors of were the three-field system, warmer temperatures, and advanced farming equipment. 2. How did the agricultural revolution change European society? Provide an example. The revolution changed Europe for the better, it provided more jobs to people as new farming equipment was in demand. It also helped many people move their lives away from farming and it helped expand Europe. Industrial Revolution Respond to each of the following questions in 2 or 3 sentences: 1. What are the three most important factors that contributed to the industrial revolution in Europe? The three most important factors for the industrial revolution were the use of steam power instead of human or animal power, the invention of machines to do the work instead of people and the use of the factory system. 3. Describe working conditions in factories and mines between 1800 and 1850. What was life like for a typical worker? Reference at least one primary source to support your response. The working conditions were poor, at best. After the revolution, demand for new goods and people to make them were on the rise, at incredible rates. Miners would have an average 12 hours a day shift,...
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...Economic, Political and Social Change Worksheet Michael Alexander History of Western Civilization from the French Revolution to the Present HIS/114 November 02, 2011 Nicole Vieille University of Phoenix Material Economic, Social, and Political Change Worksheet Agricultural Revolution Respond to each of the following questions in two to three sentences: 1. What are the three most important factors contributing to the agricultural revolution in Europe? The three factors that contributed were intensifying traditional practices, putting more land to produce more, and more workers to work the land. Because Europe was continuing to grow, the agricultural growth needed to expand. 2. How did the agricultural revolution change European society? Provide an example. Europe came up with an agricultural revolution to help advance their economy. They used their technique instead of using technology. Europe decided not to use machines, but continue to use human strength, this was to help their crop yields and this method has been used for centuries during population pressure. Industrial Revolution Respond to each of the following questions in two to three sentences: 1. What are the three most important factors contributing to the industrial revolution in Europe? Three of the important factors were the steam engine, the spinning jenny, and the smelting of iron with coke. These were three inventions, but they also had 100’s of new ideas that they applied...
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...University of Phoenix Material Economic, Social, and Political Change Worksheet Agricultural Revolution Respond to each of the following questions in 2 or 3 sentences: 1. What are the three most important factors that contributed to the agricultural revolution in Europe? The most three important factors that contributed to the agricultural revolution in Europe was the warmer tempetures, the three field system and better farming equipment 2. How did the agricultural revolution change European society? Provide an example. The new found better ways of farming in Europe and reduced the need of pyhiscal workers. This took so many jobs from the farmers. They also invented coil mining jobs to help power the machines that was used on the farms. Respond to each of the following questions in 2 or 3 sentences: 3. What are the three most important factors that contributed to the industrial revolution in Europe? The three most important factors that contributed to the industrial revolution is the large population, capital, and the people with logical sense of science and business minded. 4. Describe working conditions in factories and mines between 1800 and 1850. What was life like for a typical worker? Reference at least one primary source to support your response. The satution of the factory and the mine workers was a nasty nature of any standards of today. There were childing working in safetry hazards, as well as plenty health hazards. All the these...
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...University of Phoenix Material Economic, Social, and Political Change Worksheet Agricultural Revolution Respond to each of the following questions in two to three sentences: 1. What are the three most important factors contributing to the agricultural revolution in Europe? The agricultural revolution took place courtesy of three key factors. These factors include warmer temperatures, the three-field system and better farming equipment. In which, contributed to the evolution of European living during medieval time. They increase the use and understanding of the traditional farming ways and techniques and put them towards more of a commercial use. They increase more land into production use and gathered more workers verses using more machines 2. How did the agricultural revolution change European society? Provide an example. The new way brought more productive way of farming in Europe reduced the need of manual laboring workers. This eliminated many jobs on farm lands, yet created coil mining jobs to help power the machines used on the farm also the techniques of farming approved on a larger scale. People were able to afford food at lessor price. This also gave them an option to be able to purchase things outside of food. Creating additional jobs for rural manufacturers to create more consumer goods. Industrial Revolution Respond to each of the following questions in two to three sentences: 1. What are the three most important factors contributing to the industrial revolution...
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...important contributing factors of the industrial revolution include: the invention of many machines to eliminate the need for hand tools, the use of steam to relieve physical labor of humans and animals and the utilization of the factory system. These three factors changed the way that people worked and increased production within European society. * 1. Working conditions in coalmines and factories between 1800 and 1850 were very poor and extremely dangerous. Coal was mined in very primitive ways and often times miners were brought out of the mine in a bucket pulled by a single rope, resulting in many injuries and deaths. http://www.saburchill.com/history/chapters/IR/039.html [retrieved December 17, 2012]. * Western Social Change Between 1815 and 1914 1. Romanticism- * During the 19th century romanticism changed western society a great deal. The romanticism movement gave people the courage to shun classical reforms and embrace creativity and emotion. Art, music, literature were all revolutionized because of the belief that inspiration and intuition were more important than reason and science and in result the role...
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...Contemporary Issues in Eastern Religions Paper Serrita Daniels, Bismarck Perez, Jonathan Keyworth, Dennis Morales, Matthew Weed REL/ 133 May 3rd, 2014 Stephen Allen Contemporary Issues in Eastern Religions Paper Shinto began in a time when the religion had no name and it was just a way of life. Long ago, people lived close with nature and so the religion began in worshiping the spirits of nature as a reality of the world (Molly, 2010). Shintoism is one of the oldest religions in Japan and to keep its teaching alive Japan gave it its name when Buddhism came to Japan in the sixth century. Although, this did not stop people from coming to Japan to compare their religions, how this religion interacts with the modern world, and how Shintoism would influence other religions in the modern world (Molly, 2010). When comparing Shintoism to other religions such as, Hinduism, Taoism, Buddhism, and Confucianism many people may automatically say there are not comparisons between the religions. When researching comparisons between these religions, people can say they all believe in a higher power, but that is not where the similarities end. Shinto and Buddhism care two religions that taught and learned from each other by adopting beliefs from each other. The both believed in having a place of worship called shrines and temples. They also believed in more than one higher deity who were a loving and benign (Find the best, 2014). When China entered Japan, the Chinese introduced Buddhism...
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