Catalytic converters help reduce pollution and therefore have positive externalities. This means that if consumers use them there will be benefits to a third party, because there will be less pollution and health problems. In a free market there may be under provision of catalytic converters, for various reasons. Firstly, because there are positive externalities …
A merger occurs when two firms join together to form one bigger company. Therefore, the new company will have an increased market share. However, this higher market share will have significant problems. The competition commission will be especially concerned because the new firm is likely to have more than 25% of the market share, which …
Some of the supply side policies used in the UK during the 1980s and 1990s. 1. Privatisation. There has been an extensive privatisation campaign, most of the major utilities such as Gas , Water and Electricity were sold by the government and floated on the stock market. In some industries like telecommunications it has led …
The Euro started Jan 1999 EMU involves Replacement of National currencies by the EURO Same Monetary Policy – Since “One Money” implies uniform interest rates Exchange Rates within the Euro area will cease to exist By mid 2002 national currencies will cease to be legal tender Pre Launch Blues Expectations about Inflation helped reduce actual …
The FT Ordinary Share index FT-30 1935 Associated Portland Cement Austin Motor Bass Bolsover Colliery Callenders Cables & Const Coats (J&p) Distillers Dorman Long Dunlop Rubber Electical & Musical industries Fine Spinner and Doublers General Electric Guest Keen & Nettlefolds Harrods Hawker Siddeley ICI Imperial Tobacco International Te London Brick Murex Patons & Baldwins Pinchin …
Definition of debt crisis. When a country cannot or will not pay the interest repayments on a debt. In the case of a country these are its external debt commitments. In the 1980s there was a major international debt crisis because several less developing countries in Latin America and Africa defaulted on their debt repayments. …
Black Thursday – October 24th 1929 signalled the start of the Wall Street Crash and the onset of the Great Depression which caused widespread economic turmoil and political upheaval. Black Thursday was the first large fall in share prices. But, was compounded by huge falls, a couple of days later on Monday 28th and Tuesday …
GDP per capita measures the average GDP per person in the economy. GDP or Gross Domestic Product measures the total output / income and expenditure of an economy. 1. Liechtenstein $118,000 2. Qatar $111,000 3. Luxemburg $83,000 4. Bermuda $69,000 5. Norway $59,000 6. Kuwait $57,000 7. Jersey $57,000 8. Singapore $51,000 9. Brunei $51,000 …