Some of the main economic criticisms of Thatcher’s economic policies Unnecessarily deep recession in 1981 Margaret Thatcher came to power in 1979 inheriting an economy with high inflation. She introduced strict Monetarist policies such as high interest rates and high taxes to try and control the money supply. This reduced inflation but at the expense …
Assets are items that give real value to a firm or an investor. Assets can be real assets such as land, houses, machines or capital. Financial assets include money, bonds and securities. Intangible Assets: Assets can also be intangible. For example, a company may have a loyal workforce or they may have a recognisable brand. …
The mobile phone market is a good example of how to explain some basic concepts of supply and demand. For example, it shows how improved technology and increased supply – can reduce price, even as demand rises. According to Evalueserve – Nokia, one of the world’s largest mobile manufacturer, recorded an approximately 39 per cent …
The UK construction sector remains largely depressed with construction volumes still below pre-recession levels. In headline figures produced by the ONS, the estimated level of the total volume of construction output in the third quarter of 2012 was the lowest since the second quarter of 1999. The construction sector is one of the most volatile …
Readers Question Is the study of economics irrelevant in the absence of the concept of scarcity? It would make a good interview question. The difficult thing is trying to imagine what a society would be like if it had no scarcity. One thinks of the imaginary desert island, with abundant resources and a lone Robinson …
Casey B. Mulligan, from the University of Chicago suggests a theory for a major cause of the great recession and the rise in US unemployment post 2008. – Higher welfare payments. ..Redistribution, or subsidies and regulations intended to help the poor, unemployed, and financially distressed, have changed in many ways since the onset of the …
Why have countries in the Eurozone faced greater difficulties in promoting economic recovery? How does a country with its own currency find greater flexibility in overcoming a recession? 1. Impact of Currency and Bond Yields A striking feature of recent years is that countries in the Eurozone have been significantly more susceptible to rising bond …
The government have repeatedly pointed to their ‘achievement’ of cutting the budget deficit by 25% in the past two years. But, how has this been achieved? and has it actually helped the UK economy? UK Net Borrowing 2007-08 £40.3bn 2008-09 £104.2bn 2009-10 £167.4bn 2010-11 £145.1bn 2011-12 £119.3bn 2012-13 £127.3bn – estimated This shows a 25% …