Macroeconomics has furthered my understanding for informed citizens. Individuals in power, whether it be the president, the senate, the house or the Federal Reserve, hold a great deal of power in this nation economically speaking. The state of the nation’s and world’s economy affects everyone, multibillionaires to the lower middle class. It is extremely important to understand the current economy and to self assess the future to better one’s own finances.
As defined in class, Macroeconomics is the study of the economy as a whole, i.e., the causes and relationships between important economic indicators such as unemployment, inflation, and the aggregate level of output or income, and the interrelationship among different economic sectors. It is highly important for citizens of the United States to understand how to view these economic indicators in order to be informed citizen- not just repeating what was said on the cable news networks.
Every legal citizen of the United States has the power to vote starting at their eighteenth birthday. Local elections, state elections and federal elections all play a roll in that person’s life which makes it important to voice their opinion and concerns through voting. Economically speaking, the federal government has the power to implement fiscal policy (contractionary or expansionary). They control the tax rate and government spending which in terns affects national savings.
Beyond the power of controlling tax rates and government spending, members of the United States Senate have the job of confirming presidential nominees to the Board of Governors of the Federal Reserve System. The Federal Reserve, FED for short, controls monetary policy. Monetary polic...
... middle of paper ...
...eed to be an informed citizen. Understanding the economic policies of those running for office and the roll of the federal government and FED in economic decisions help form my own decisions. Knowing and comprehending the key economic indicators such as unemployment and inflation help inform citizens of the health of the overall national economy and where it is headed. Individuals who can predict where the economy will be in the future have a better chance of success, both during economic highs and during economic recessions. It is immensely important for United States citizens to draw their own ideas and truth from economic indicators rather than simply listening to those on the campaign trail or who are on national television. Only when the majority make their decisions on these sound facts will the nation work for everyone in it, not just those doing the talking.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- ... Mattel instead ultimately learned; if you don’t follow the rules, you can only expect to get away with your selfish deceptive actions for so long, before someone ultimately exposes you. Acts of irresponsibility Actions are considered responsible, if a society decides it is and the same is true of the opposite. Mattel has been accused and been proven guilty numerous times of unethical behavior ranging from; mistreatment of employees, use of unsafe material in their products, dangerous work environments, and endangering the ecosystem (Sethi, 2011).... [tags: Corporate social responsibility, Business ethics]
1015 words (2.9 pages)
- Social Capital and Minority Populations Social capital can be manipulated to disseminate or compromise the public good (Woolcock and Narayan 243). This, in many cases, means promoting the majority and discriminating or undermining the minority. In its most simplistic terms social capital refers to the customs and associations that enable people to act collectively (Woolcock and Narayan 226). However according to The Economist: Economics A to Z social capital is defined as “the amount of community spirit or trust an economy has giving it togetherness” thus the greater the social capital the greater the productivity of the economy.... [tags: Sociology, Economics, Economy, Economic inequality]
1620 words (4.6 pages)
- In much of the literature, corporate social responsibility (CSR) does not have a clear working definition. Therefore, this paper will address many aspects of CSR. For instance, Gee and Norton (2013) conducted a study pertaining to the responsibility and implications of CSR. The primary conclusion of this study explained societies and stakeholders are dependent on organizational leaders to produce wealth through their organizations. Moreover, the findings from this study indicated that stakeholders view corporations and its role in society responsible and accountable for its actions.... [tags: Leadership, Management, Social responsibility]
963 words (2.8 pages)
- ... Considering the fact that a specific company would try to formulate its CSR activity/programme using its strength and expertise, it is but natural that it may have to use its own products for a related cause. A case in point would be, for instance, an electronics manufacturing company wants to equip schools in a disadvantaged region with smart boards or may be a projector. Producing electronics is obviously the strength of this company, hence it makes perfect sense for it to use this fact to its advantage so as to empower the institute or its students.... [tags: Corporate social responsibility]
944 words (2.7 pages)
- ... Therefore, it is a corporation’s job to uphold the highest standard of human rights practices regardless of the stance of the governmental body where they are operating. The Global Compact asserts that corporations must comply with all laws and internationally recognized human rights, as well as seek to honor the spirit of the international standards, no matter where they are doing business2. This is significant because many states have more relaxed laws on human rights, and violations in those states are note legal violations, but a person has the same intrinsic rights whether they are working in the United States or in Zimbabwe.... [tags: Human rights, Corporate social responsibility]
1532 words (4.4 pages)
- Corporate social responsibility is essentially a concept whereby the voluntary decision of the company in order to contribute to a better society and a cleaner environment. Corporate social responsibility by contributions by the company, through its operational activities and its social investment to the community. This is the concept of sustainable development to connect to the corporate level. In the past year a growing number of companies around the world began as clients, citizens and investors expect them to adopt sustainable and responsible for promoting their corporate social responsibility strategy.... [tags: Social responsibility]
728 words (2.1 pages)
- ASSESSMENT TWO The importance of Corporate Social Respon-sibility (CSR) and elaborate on its possible advantages and disadvantages for corpora-tions. o La Trobe University o BUS1BW1 o HETTITHANTHIRI PATABANDIGE DON MUDITHA SACHIN GUNASEKARA LTM18854777 o AMIR ROUSAHD o An essay submitted in partial fulfilment of the requirements of the unit Business Writing in the Diploma of Information Technology. Sometime recently, partnership was fundamentally on edge about the economic results of their choices.... [tags: Social responsibility]
1367 words (3.9 pages)
- ... “Ethical responsibilities are responsibilities that a company puts on itself because its owners believe it 's the right thing to do -- not because they have an obligation to do so. Ethical responsibilities could include being environmentally friendly, paying fair wages or refusing to do business with oppressive countries, for example.” (Scilly) The final level or component is philanthropic responsibilities. When a company has satisfy all of their previous responsibilities they can begin making an effort to benefit society in general.... [tags: Social responsibility]
1301 words (3.7 pages)
- ... Financial institutions have a lot of funds that can benefit charities and local community programs. Bu either giving money or time o Ethical labor practices: companies can also establish their corporate social responsibility by treating employees equally and ethically. This is especially true of financial institutions that operate in international locations with different labor laws. • the Objectives of the Policy o Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro forestry, conservation of natural resources and maintaining quality of soil, air and water o to Establish a guideline for agreement to contribute a percentage of C... [tags: Social responsibility]
809 words (2.3 pages)
- A report outlining corporate social responsibility and it application by Circle Club Manchester. CONTENTS Page 3 – Summary Page 4 – Introduction Page 5 – Main findings Page 7 – Analyses Page 8 – Conclusion Page 9 – Recommendations Page 10 – Bibliography SUMMARY This report looks in to the subject of corporate social responsibility and focuses into a specific part of the subject. This report practically homes in on the recycling and waste management issues. The business this report is looking in to is the VIP venue of the circle Club in Manchester situated in the Barton arcade.... [tags: Social Responsibility Essays]
1499 words (4.3 pages)
- The Hindu Wedding Is The Culmination Of A Traditional Indian Wedding Ceremony
- The Theory Of Mind Body Dualism
- The Old Venetian Government And The Modern American Government
- Analysis Of `` A Rose For Emily `` By William Faulkner
- Reconstruction During The Reconstruction Period
- The Color Of Class : Classifying Race