Unemployment Research Papers Samples For Students

Background

Human kind has been facing uncertainties throughout ages related to illness, disability, unemployment, old age and death. These facets of life have been referred to as a threat to the economic security of an individual. The ancient Greeks considered the olive oil to be a form of their economic security while in the medieval Europe, the economic security was considered to be the responsibility of the feudal lords. With the developments in economy and the rise in social complexities, formal organizations were developed in Europe; these regulated production and employment while providing certain benefits to the members in times of need. ...

At various stages of human development the workforce performance was different. Primitive society was characterized by full employment, whereas, during the feudalism era, there was an absolute and relative agrarian overpopulation of free citizens, some of whom became soldiers, in order to do at least something. Under the conditions of frequent capitalism in the industrial stage of development, when market economy dominates in most of the countries, we have a new socio-economic phenomenon — army of unemployed.
Unemployment is a complex socio-economic phenomenon in which the economically active population is unemployed.In a market economy, unemployment is a result of the interaction between labor ...

The total budget of the United States is comprised of the off-budget and the on-budget. Off-budget are parts of the budget that have trust funds. This is for instance social security fund, and Medicare. On the other hand, parts of the federal budget that operate without a trust fund are referred to as on-budget. A deficit or surplus in the total budget is influenced more by the on-budget than by the off-budget such that, a deficit in the on-budget increases national debt. Much of the history of the history of the United States of America from 1930 to 2011 is characterized ...

Part I: Decision-making and Philosophy

Unemployment and the legislator’s decision regarding the unemployment benefits
Congressional republicans’ reluctance to extend the unemployment insurance, which led to its expiry on the 28 December last year, is cruel. The high unemployment rate caused by the 2008 recession prompted the government to expand the federal Emergency Unemployment Compensation (EUC) program. The expansion was aimed at providing some income for the long-term unemployed persons who had already exhausted the usual 26 weeks of the period of state benefits. The program was extended for a period of up to 99 weeks whiles the federal and states also collaborated to ...

The

The economy of the United States is one of the largest national economies in the world, with its GDP(purchasing power parity) of 16.24 trillion dollars in 2012 (World Factbook, 2014). The country’s economy is growing continuously as it has its GDP growth rate is2.8% as of 2012 (World Factbook, 2014). As the data oninterest rates, inflation, and unemployment rate is available for the year 2013 at the latest, I will be analyzing the economic situation in the US for the period of 2009-2013. Even though the country’s macroeconomic condition decreased after experiencing the Global Financial Crisis, ...

Unemployment in the United StatesUnemployment in the United States talks about the reasons and measures of U.S. unemployment and techniques for lessening it. Job creation and unemployment are influenced by elements, for example, investment conditions, global competition, education, mechanization, and demographics. These elements can influence the amount of specialists, the term of unemployment, and compensation levels. One real answer for anticipating unemployment in the United States is to keep the economy developing and creating through a dynamic business cycle. Using cash in a social order is one of the most ideal approaches to keep the economy consistent.

Labor Force Statistics graph ...

Major Factors that have led to its Economic Success and Decline

The United Kingdom economy has experienced major changes in the past few decades, which has shifted the factors of economic growth from physical factors such as machinery and manual labor among others to an economy driven by ideas, skills and knowledge. This can be adopted to provide an explanation of the significant growth of the financial services while the manufacturing sectors have also experienced a significant decline. The UK economy is currently driven significantly by the business services sector, which comprise lawyers, specialists, consultants and estate agents. Therefore, the knowledge based industries comprise the most important group in the UK ...

Demand-side Policies’

Executive Summary
Initially a brief background of the devastating financial downfall of 2008 will be provided. This paper will then investigate the demand side polices before and after the recession. In the end some policy recommendations will be provided in order to improve the current financial situation and eradicate the economic cavities still left after the economic depression of 2008.

Introduction

The worldwide depression of 2008–09 was unexpected, stern, and gradual. During the time former to September 2008, the housing and financial segments in the United States and numerous European nations faced gradual negative consequences. Throughout this phase, there ...

Executive Summary

This paper investigates the cause of unemployment in the economy. Then it highlights the adverse impact rising unemployment levels have on the society as whole. We will later device suitable policy recommendation for the governments, so that they can rectify this economic evil and ensure a smooth running progressive economy. The implications of the policy are also evaluated giving the reader a justification for the suggestion of that particular policy.

Introduction

Unemployment has been a matter of apprehension for political economy since its commencement. Numerous nations whether progressive industrial economies or developing countries, have had very high rates of unemployment later to the ...

Saudi Arabia is the largest Arab economy that produces thousands of young people intending to join the workforce. As a result, it has to create new jobs to beat the employment expectations of young employees who want to have their contribution towards the economic growth and prosperity. The country is currently facing challenges in terms of providing jobs as the need for jobs outweigh the availability (Mellahi, pp. 135). The monarchy of Saudi Arabia is quite powerful but great dissent and challenges of creating more jobs bring Saudi Arabia under great threat. Saudi Arabia has been putting many efforts at ...

International Economic Issue: Unemployment

Unemployment is among the main economic issues for every country in the world. It occurs when people do not have jobs, but are available to work and are actively searching for one (International labor Organization 4). The fraction of unemployment in any country is represented by the number of unemployed individuals divided by persons currently in the labor force. Unemployment rate is among the main indicators of the health of any nation. Macroeconomic fluctuations have a strong impact on the unemployment rate of any country. A healthy and booming economy has a high demand, and the rate of unemployment in that economy ...

The Recession of 2008

Introduction
The recession that began in 20007 is apparently the most profound downturn that affected United States during the post-war era. Possibly, the part that was impacted the most consequent to this as recorded in history is apparently the labour market. This recession negatively affected the United States labour market a fact that was well evident from the sharp curtails in consumer spending. In a more in-depth and insightful way, this paper will explore and elaborate the impacts of the great recession that persisted from December 2007 to June 2009. In essence, this paper will discuss the unemployment, underemployment, and ...

INTRODUCTION

One of the greatest social issues that Americans are facing today involves retirement. Everyone has heard people say that they cannot wait until they turn 65 so they can retire in a beach and spend of all of their time fishing. However, present day seniors are quickly discovering that it is not as easy, automatic, or beneficial to retire at age 65, as it once was. Retirement is not just about ending a lifetime of work, but having means of income being provided as a retirement fund, a “nest egg” saved, of some kind of pension plan may find that reaching 65 is ...

Dust Bowl in the Great Plains

ABSTRACT
The nineteen thirties was the time of great tragedy and crisis in America. Together with the recession that hit its economic fields, an ecological and agricultural problem came next as drought brought the Dust Bowl. It was caused by environmental changes and man-made land degradation. The effects of the Dust Bowl added to the recession and downfall of the American economy, but have resulted to the development of technologies that helped agriculture. It was a remarkable moment for the west as it moulded what it is and where it is in the map of the world today.

INTRODUCTION

The ...

1). The actions taken by Fed in 2008 can be tied to the mistakes made in 1920s-1930s. During 1920s-1930s great contraction took place in which the real output, prices and the money supply decreased to a larger extent because of the failure of the policy at the Federal Reserve. Fed introduced a tight monetary policy in order to kill the speculation of the stock market that paved the way to the recession. This policy was, however, based on the actual bills consideration that the speculation of the stock market would cause inflation, and deflation afterwards. Moreover, in the 1930s, the banking ...

Economic Motivation

The economic motivation of doing research in particular area of energy sector and its implications on economy of the state lies in its ability to develop fruitful and deep insights regarding different aspects of energy products. The underlying purpose of the report is to understand the impact of oil exploration and development of energy sector on unemployment rate. As it is obvious that unemployment is reduced when developments take place in the country and the opportunities are created (Huerta, 1998). There are many benefits of having a stable economy because that is a very important factor for the development of the ...

Unemployment as an Economic Issue

Is unemployment a major economic issue in the world? And how does it affect economic performance? The percentage of unemployed individuals (who are searching for jobs and willing to work) in the total labor force is a key indicator of market performance for any country. There are negative impacts on the standard of living when a person loses a job or if not employed. Job losers (together with those eligible for unemployment benefits) may find themselves consuming much less than usual. They then end up draining their retirement savings so soon. In addition, prolonged unemployment usually leads to both skepticism about the value ...

Macro-Economics

About the report:
The report is based on the calculation of GDP for the Republic of China for the year 2001-2011. For the purpose of calculation of report, we have used the theoretical expenditure method where the GDP will be calculated as the sum of Final Consumption Expenditure+ Gross Capital Formation+ Net Exports. Another assumption in the calculation is related to use of only Chinese Yuan to calculate the GDP and annual growth in GDP. In other words, for the purpose of simplicity, we have avoided the conversion of numbers from Chinese Yuan into US Dollars. Hence, my ...

Introduction

Deficit spending is one of the economic measures that any government intends make use of in case the economy is under recession. It is an economic application that originated from John Maynard’s theories in economics. During the economic recession, the government is unable to maintain the best levels of unemployment. This is because there are minimal positions from which the government has to source funds to run its programs. Ideally, there is usually a shortage of funds within the economy as compared to other countries (Cogan, Cwik, Taylor, & Wieland, 2010). The government takes the position and borrows from international ...

Introduction

Since the second decade of the 20th century, Italy has provided its citizens with a comprehensive social security program that helps to provide needed health care benefits and funding to individuals that are too old or too disabled to remain in the workforce. Italy’s social security system shares a many similarities with other European nations, particularly with nations that are members of the European Union. As a result, an examination of Italy’s social security program would likely provide valuable insights that could be somewhat applicable to the systems in other European nations. The following pages will outline a comprehensive analysis of ...

Introduction

The series of recessions that have occurred in the past decades have raised several questions about the effectiveness of the various existing measures of recession, some of which use a comprehensive set of indicators. A number of analysts have stressed that financial market indicators provide a more effective predictions about recession. In this respect the predictive capacity of the bond yield curve have received much attention in recent times. The current discussion sheds some light on the predictive capacity of the yield curve and the associated term spread. Current scenario is studied in terms of the yield curve obtained from present ...

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Introduction
Unemployment is the presence of people in the country, forming part of the economically active population who are able and willing to work for hire, but can not find work.
According to the International Labour Organization, people aged 10-72 years as unemployed if the critical week survey on employment it simultaneously:
- do not have a job
- looking for work
- ready to start working
The unemployment rate is a quantitative indicator that compares the unemployment rate for different population (for different countries or ...

Introduction and History

United States federal government spending on Social Security is greater than any other programs. Social Security program was founded in the year 1935, this program has consisted of two different parts; the OASI (Old-Age and Survivors Insurance) that pays to the retired workers and to their survivors and dependents, and the DI (Disability Insurance) that makes payments to the disabled workers who are years away from reaching their full retirement age and to any of their dependents. To accumulate the numbers, at present more than 57 million are currently receive these Social Security benefits in the United States (Meyerson & ...

History of Social Security in America

The earliest social security groupings in the United States were fraternal organizations. They include the Freemasons who arrived in America n the 1730, the Odd of 1819, Benevolent and Protective Order of Elks of 1868 and the Loyal Order of 1888. At the time of arrival of the colonialists, new customs and ideas were brought to America.
America became more complex, mobile and diverse. The local systems labelled as poor relief were stretched beyond their limit. This resulted in limited movement towards state financing and advancement of poorhouses and almshouses to deal with the problem.
Thomas Paine ...

Inflation

Inflation is a term that means the general increase in the prices of the goods and services compared to a specific and standard purchasing power of the people. The most common indicator of the inflation is CPI known as “Consumer price Index”, which figures out the consumer prices. The second is the GDP Deflator. This interprets the domestic economy of the country as a whole. The Indian Inflation is analyzed with the help of the graphs and tables. As can be seen in the graphs that the rippling of inflation is because of the destabilization and the inflation could be high. This ...

- There are two basic types of retirement plans available: 1) defined benefit plans, and 2) defined contribution plans. Briefly describe the two types of plans; include at least three features of each.
- Defined benefit plans:
- Defined contributions plans:

These benefits are sorted out procedurally. This procedure of computation uses factors such as duration of employment and salary history. The portfolio management and investment risks are controlled by the company. In this case, the employees may encounter restrictions on withdrawal.

Defined contributions plans

The percentage to be contributed by each employee is determined by the company’s management. ...

- Introduction
Estonia is a lowland country that borders with Russia and Latvia and is washed by the Baltic Sea ("Official Gateway to Estonia" n.p.). According to BBC (2013), Estonia is the most northerly of the other former Baltic republics. The country is surrounded by forests and is rich for water sources like lakes and rivers draining into the Gulf of Finland. The official name of the country – Republic of Estonia ("Official Gateway to Estonia" n.p.).
The country is small having area 45,228 square kilometers of population of 1,340,415 as of 1 January 2012. Its ...

Research paper

Introduction
The economy is a complicated apparatus that subordinates all of the major aspects of our present life, and as every system, might be experiencing different states, its ups and downs. This research paper will uncover such unpleasant states of the economy as recession, and depression. In such conditions the economy will slow abruptly, with trade and financial flows shrinking, while the overall output and employment losses will mount. When the recession or a depression hits the credit markets remain frozen for some time, which postpones the improvement of the financial health.

Economic cycles

Prior to the explanation of these two economic ...

Essay

Question 1
Many factors influence the economic growth in the developing countries. These factors include internal government policies, political stability, domestic capital formation, investment, export policy and foreign aid among others. Collectively, these factors provide the most significant platform for economies in developing countries. The major problem in developing countries is that they lack proper policy to implement these factors to promote economic growth. This has led to high rates of unemployment, income inequality, inflation and poor economic growth among others. Thus, the paper will evaluate various factors that constitute economic in developing countries.
Globalization and income ...

According to the released Bureau of Labor Statistics, the rate of unemployment in United States has increased over at an alarming rate. Approximately 11.3 million people in the country are unemployed. This is approximately 7.3 percent of the national population. This has affected the economy of the country negatively. According to report, the number of people who were temporarily laid off had risen by approximately 448000 people. The statistics revealed the unemployment rates for various groups of people in the country. The rate of unemployment among men was at 7.0 percent, among women, the rate was about 6.4 percent. ...

A partial refund given to customers in actual currency for a purchase transaction that took place within a specified time is what is referred to as a cash rebate. The purpose of cash rebates is to eliminate stock or inventory remaining with a supplier without reducing the listed price. Other cash management techniques similar to cash rebates include expense tracking, use of a credit line, electronic funds transfer, investment in marketable securities and maintaining disbursement and collection float in a business. Practices such as cash rebate that are meant to manage cash are sound business decisions. These practices can be used to acquire and maintain a ...

The recent recession in the European Union has hit many economies and Ireland’s has been the worst hit. Recession spawned a chain of likely economic crisis that left many lives shattered. Most affected of all were the working classes. Jobs were lost, firms closed and many sat home without any income source. The young generation, under the age of 25, was badly hit by the recession as well. Sectors where young people were employed, like construction, retail and services dismissed thousands of individuals from their jobs with the recession’s approach. This coupled with the fact that there were ...

Economic conditions in Nigeria

Nigeria is one of the countries in Africa that does not have very stable economy. It is estimated that Nigeria attributes oil to its economy. It is also depicted that the country also gains a lot from the agriculture sector. It is also established that the oil plays a significant role in making sure that the country is always ahead of other countries that in the non-oil sector. It is estimated that the country has a growth of 8% when compared to the countries that do not produce oil. The other thing that has been of the significant contribution to the country ...

Introduction

This paper is an endeavor to explain the rights and freedoms of people around the world, as they (such freedoms) cut across the social classes and prejudices. The arguments of the paper are based on the presumption that the concepts of freedom and equality are sometimes being suppressed in some parts of the world including the Middle East, Russia, and Canada (Charlton 18). Such inequalities in the application of freedoms and rights is what makes it hard for the Middle Eastern and Russian people, for instance, to extend greater tolerance and share the same social privileges. That is why ...

Economics is a subject which has its recognition and importance in almost every walk of life. There are certain concepts which specifically come and counts under the ambit of economics and among them; the name of unemployment is one of them, one of the most dominating topics of macroeconomics (Hobson, p.160). Both of the kinds of economics are extremely important to measure as it gives numerous things in total. Natural Rate of Unemployment means the rate which observed that how much people of a country are unemployed and it is an important economic indicator in order to assess the financial health ...

The 2006 Nobel Prize Laureate : Edmund Phelps

As stated by The Royal Swedish Academy of Sciences, Edmund Phelps, a professor in Economics at the University of Columbia in New York, won the Nobel Prize in Economics in 2006 for his analysis of inter-temporal tradeoffs in macroeconomic policy. The first step in understanding this work is understanding that macroeconomics is the study of economy-wide conditions such as unemployment, gross national products, national rate of growth, and overall price levels, and how they inter-relate. Specifically, one facet of Phelps’ work looked at the relationship between unemployment and inflation (The Royal Swedish Academy of Sciences, 2006b). The macroeconomic theory that ...

Abstract

Use and possession of firearms by civilians has come under a lot of controversy and scrutiny owing to the increasingly frequent incidents of mass murders and shootings by civilians with personal or illicitly acquired firearms. This has led to a ban of firearms in the United States. This essay discusses this issue and provides arguments against this administrative ban on firearms, suggesting how allowing use of firearms may be useful socially.

Firearms should not Become Illegal

Introduction
On April 14, 2010 the United States administration took a step towards banning an elaborate list of fire arms for civilians that included an array of semi-automatic and heavy ...

Sociological imagination is a concept that looks at how everyday world operates in order to make sense in the individual life. According to C. Wright Mills, ‘the quest for sociological understanding’ involves being conscious of the social processes. A person’s life is affected by his interaction with the society, and this interaction can explain certain events and decisions in life. In general there is a relationship between private and public issues.
I will look further on the issue of unemployment because I believe it is one of the greatest problems in the current society. When we apply sociological imagination ...

Q. Does an increase in minimum wage result in a higher unemployment rate?

Issues and Background
In response to the great depression of 1920s, minimum wage laws were introduced. As the economy was suffering from a big set back characterized by falling prices, falling output and falling employment, NIRA, National Industrial Recovery Act (1993) was introduced in an attempt to curtail this downturn, encouraging the trade associations to formulate agreements of minimum wages and establishes price floors. The participating firms used to display a "blue eagle" logo. But just after two years the Supreme Court Ruled NIRA as unconstitutional and all agreements made under this act were terminated. After three years in 1938, ...

Introduction

France has a broad social security system, which covers injuries at work, healthcare, old age pensions, death benefits and unemployment insurance. The scheme, which was introduced in 1945 was projected to cover the whole population. In the EU, France has been ranked top among other countries in its expenditure on welfare. France spends about E200 billion every year on social security, which is higher than what the country produces. Employee contributions are made by the employee themselves while employers also pay a certain percentage for their employees. However, for the self employed, they pay their contributions in full. The French social ...

Social security pertains to social protection programs created by the government to provide individuals with a degree of income security, especially when faced with contingencies related to unemployment, old age, incapacity, disability, survivorship, child rearing, as well as to offer access to either preventive or curative medical care (ISSA, 2013). The International Social Security Association or ISSA defined social security to include social insurance programs, social assistance programs, universal programs, mutual schemes, national provident funds, and other arrangements that is defined and form part of the social security system of a country . Most countries today have adopted some type of social ...

Social Security Expenditures: A historical perspective

Social security is a collection of public programs that are aimed at maintaining, protecting, and raising basic livelihood for citizens in a given country. Canada is one of the countries in the globe that employed social security after World War one with the aim of protecting individual’s and family’s income inadequacy that was extremely influenced by high levels of illnesses, accidents, pregnancies, disabilities, deaths, absence of breadwinners, unemployment, retirement among other factors.
The main impact on the imposition of social security in Canada was the British North America Act of 1971. The main impact of the World War ...

Research paper

Introduction
A general slowdown in economic activities of a given nation has various repercussions. This slowdown is what is generally referred to as recession. During this period, the macroeconomic indicators like employment, Gross Domestic Product, capacity utilization, business profits, inflation, and investment spending fall whereas unemployment rate and bankruptcies rise. From the past, this has negatively affected the living conditions of common citizens in all the nations that this business cycle contraction has occurred.
The role of the government of a nation is thus to intervene in the occurrence of a recession. For that reason, this research paper focuses on ...

ANALYSIS OF CHINA'S ECONOMY

ABSTRACT
China still being a developing nation has witnessed quite difficulties in managing the economy. Due to the constantly rising challenges including high level of inequality, rapid urbanization along with demographic pressure related to aging of population and migration of labor, China has lost its competitiveness in the international market.
Even though, China has become the world’s largest exporter of goods and services, it still faces difficulties in managing the troublesome economy of the nation. The high level of trade deficit along with high credit requirements of both public and private sector has reduced the economy of ...

The Pension Benefit Guaranty Corporation (PBGC) is a corporation established under the Employee’s Retirement Income Security Act (ERISA) of 1974 (Eriksson, 2007). The role of PBGC is to provide a safety plan for participants in the private sector by insuring their benefits under a defined benefit plan. PBGC guarantees benefits to its participants in events that their sponsored benefits plan, from employers for instance, becomes insolvent.
The basic benefits covered under PBGC consist of pension on retirement, annuities, and disability payments meant for those who receive such payments before the termination of their cover plans (Smith, 2009). It is crucial ...

Old age has several changes in terms of social, psychological, emotional and physical aspects. This occurs due to complicated conditions associated with depreciating health. Specialized care should be provided within the home environment or in retirement homes. The choice on whether to take care of the senior citizens’ needs at home or in a retirement home depends on the advantages and disadvantages associated with various care plans. Home-based programs provide better care for the elderly in comparison to the retirement home.
According to the Joint Commission (2011), home is the best setting for healthcare service provision to senior citizens. ...

Introduction

The term sociological hypothesis refers to the hypotheses which are based on sociological topics. It can also be defined as a statement of a problem or question which is linked or connected to the human society. In this paper the author shall discuss the following sociological hypothesis. “There is a relationship between unemployment rate and the level of committing crime. This hypothesis is of interest to the author of this paper because currently many researches have discovered that where unemployment level is low then the rate of crime reported has always been high. .

Literature review

The term crime refers to an action or the ...

Retirement

Elizabeth knows that she has had a retirement like the one she dreamed of, but much of that is due to the careful planning and saving that she and her husband did while they were working. Instead of living beyond their means, or up to their means, they put money away throughout their working years, no matter how difficult it seemed at the time. Instead, by living a lifestyle that also enabled them to save money for their retirement has made their golden years much more enjoyable. Now, they see some of their friends that made very different decisions years ago ...

Facilitator:

The middle class group in American traverse along diverse earnings with some of them earning lowly as others earn highly. However, the common point among the middle class people revels in the level of education they claim and the prowess in different fields (David et al., 2010). Studies identify the middle class as people in possession of the greater part of the American economy, with arguably good educational levels and middle level incomes. Further inference shows that the middle class people possess a better part of the American trade market due to their advanced purchases and sales characters (Pressman, 2010). ...

Abstract United States is one of the world’s super powers following its developed economy. This has been attributed by strong nominal GDP, low unemployment rates, low inflation rates, strong currency and developed infrastructure. Although its economy has been affected by the economic crisis of 2007/2008, their macroeconomics still remains positive. This paper focuses on the macroeconomics of the United States. Under this, the paper discusses the Gross Domestic Product of the States, Unemployment rates, Inflation rates and the exchange rates. It starts by giving a brief introduction of the U.S. macroeconomic in general then goes further to discuss each of the ...

Estate planning is a very effective way of planning for how one’s assets should be used or distributed in the event of his or her death or while still alive. It helps in ensuring the security of one’s property, good living at retirement, loyal distribution of one’s property and it also saves one the burden of being taxed. Such property is best distributed using the most preferred document; wills and trusts.
Trusts can be classified into revocable and irrevocable trusts. A revocable trust is also called a living trust or an inter vivo. It is a written legal ...

Psychology

Abstract
This paper on the aging society provides an in depth perspective on the current changing demographics in the United States. It exploits on the financial constraints that are impacted to the younger generation. This includes the issues affecting employment due to the Age Discrimination in Employment Act to the funding of Medicare and Medicaid. Issues of Supplemental Security Income are also visited and analyzed. Due to the sensitivity of the matter, the expertise opinion is addressed on the issues that are affected by the rising numbers of the aging society. The paper addresses the eminent issue that ...

Obama’s economic policies came into play in the year 2008, during his presidential election campaign. After the elections which declared him the president of the United States, Obama named Paul Volcker, The former Federal Reserve chairman, as the head to the Economic Advisory Panel. Obama’s decision came in play as a result of the tougher financial restrictions that Volcker vehemently supported. Similarly, Obama launched an economic stimulus package worth $787 billion to stimulate the economy. In actual sense the injected amount raised the economy to the positive GDP growth the period marking the third quarter in the year ...

The Gross Domestic Product (GDP) is among the basic indicators necessary for gauging the sustainability of the economy of any given country. It represents the gross value of goods and services that are produced in an economy over a predetermined period. Generally, the gross domestic product is expressed as a comparison to a previous year or quarter. For instance, if the yearly gross domestic product is up 4%, this indicates that the economy has grown equal percentage over the previous year.
The gross domestic product of any economy is measured in two ways. There is the income approach, which is denoted ...

Compensation

The term compensation can be used broadly to refer to any money or other benefits given to the workers for their services or it can be used more specifically to refer to a form of insurance which provides medical benefits and wage replacement to employees who have been injured in the course of carrying out their duties in order to avoid lawsuits on the basis of negligence. This can be in form of weekly payments, compensation for past and future economic losses, payment of medical and other similar expenses, and other benefits payable to the people who depended on a person ...

Faced with various differences, changes, and challenges, societies find it necessary to have social integration. Any society is consists of diverse social institutions and factors – politics, religion, ethnicity, education, business organizations, and other national/international matters – that could keep every individual and groups from being united. In the European Union’s Economic and Social Integration, the slogan “unity in diversity” suggests that individuals and groups coming from the various states and regions should be joined together into one multileveled European society (Schiek, 2012). Social integration does not imply joining of people into a homogenous entity; it merely suggests that despite their [ ...

Introduction

Labour force participation rate is an important concept in economics and it is defined as the number of labours that are participating in the economic activities from the total number of labour available in the economy . The higher the labour participation rate of the economy, there are more chances that the economy would be stable and in a better situation.
As labour participation rate is an important and one of the most discussed topics in economics, this report discusses about the same concept. The report first defines the labour force participation rate and then highlights the importance of labour ...

Introduction

Idle No More is – according to Welch (January 12, 2013) – “an indigenous resistance movement that has taken hold in centres across Canada.” In his article, published by Global Research News Hour and based on his radio programme, he provides information about the movement, which is the subject of this research paper. Some of that further detail is included in the following paragraphs, which explain more about Idle No More (INM), including its origins and aims, its impact on Canada, and the Canadian government’s response.

Researched Information

A report by CBC News Canada (Jan 5th, 2013) entitled “9 questions about Idle ...

Introduction

When the unemployment level hit a shocking 10% in October 2009, the world thought the scary depression of the 1930s was back. During this time, the economic recession which had begun two years earlier had dragged down economic growth and the gross domestic product a great deal. The stock market was performing poorly, but had really collapsed as it had during the great depression (Canterbery 45). For an individual that was a child during the great depression, the great recession is a minor economic downfall and does not even qualify to be modified by the term Great. Yet, to the person that did ...

Introduction.

Keynesian theory argues that, in short term, total output is determined by total spending, which mostly consists of investment and consumption, this is the reality for any economy in the world but it doesn’t hold all the time as its subject to alterations caused by microeconomic factors particularly inflation which brings about increased interests rates raising the cost of production and unemployment as firms layoff some workers in order to reduce their cost of production.
During the 2008 crisis which was one of the worst worldwide economic downturn one on the worst hit sector was the housing ...