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    Resource Allocation: An Economic Problem Selected Issue and Background The issue, which I have chosen to investigate, is the allocation of resources, which are primarily money, by a local authority, namely the City of Westminster Council. The reason why this allocation of resources has become an economic problem is because money is a finite resource, so therefore there is scarcity and the council have to make choices as to how to allocate the resources they have been given. This type of resource

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    Economic Problems in Pakistan

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    kind of problems, militarily, politically, economically etc. These problems sum up and hinder the development. Pakistan has an inflation rate of 11% which is really high and it prevents it from becoming a first world country. Furthermore, the unemployment rate is about 7%, that is higher than average. According to heritage.org, Pakistan’s economy is ranked 126 in the world. The major problem in Pakistan is not the drone attacks or the constant conflict with India, but it is the economic hitches within

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    Japan's Economic Problems

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    to successfully enact an economic system wholly different than that of the United States and because of it Japan experienced incredibly rapid growth over a period of roughly 30 years. During that period of financial power, exports were booming, the standard of living was rising, and technology was thriving. This period of growth however, did not last; in the late 1980s the bubble burst. In 1991 and again in 1997, Japan’s stock index, the Nikkei, plummeted causing economic growth to come to an abrupt

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    During the time I have had to think about and research this paper I ask myself what I have seen most in the news about India, the answer is irrevocably about their political, economic, and social situations, everything else is somehow tied into one of the three. I will start out with the political situation. Political Situation India is the world’s largest democracy. As a secular country India has protected the right to freedom of religion in its Constitution, this is important because 82% of the

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    The main and the most important problem of Saudi Arabia's economy is a strong dependence on the oil sector. The oil sector accounts for about 58% of GDP. In this regard, appears the question of economic diversification. The development of diversification plan began in 1996, according to the second five-year plan of economic development. However, the plan still has not brought significant results (you can see it from the statistics in the appendix). One of the key points of the economy's diversification

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    Economic Inequality is an issue one has been fighting against for some time now. It comes from the conflict theory, which states that there are finite resources, which creates competition. Those who are known as the have not are the lower class the ones who don’t have the resources. In class we looked at inequality as a bell curve starting with the have not lower class, the middle class, and the upper class. In the bell curve explanation it describes how the upper class wants to maintain power and

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    Black Economics In Black Economics William Raspberry offers a personal insight into the economics of the black American, but as he states Raspberry is “neither a businessman, an economist, nor a social scientist.” He presents his views without analysis and his solutions without a business outlook; instead Raspberry looks to the people for the cause and the answer. William Raspberry makes a bold effort by calling on his race, the African Americans, for both the cause and solution to their economic

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    enormous changes. From colonialism and imperialism to republicanism, from communism to capitalism, and from underdevelopment to a country maintaining over 10% economic growth for over ten years. In this research paper, I will focus on the transition of China from a Communist command economy to a type of market economy as well as the economic fluctuations throughout this period. In 1949 Oct 1, the People’s Republic of China was established. Before 1949, there was a period of civil war soon

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    Colombia

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    continues to improve despite the last couple of years, by having an increased number of government budgets, increases number of efforts to reduce the public debt levels, and an export oriented growth focus. Some of the negative aspects of the economic problems range from to changing the current pension system, reducing high unemployment and the need to fix the declining oil production. On the positive side, some of the changes being done are reducing the public deficit which is now below 2.5%. Also

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    The Economic Problem of Population Ageing

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    In the contemporary world, the economic problem of population ageing caused is revealing gradually. UNESCO provides a standard that a single country or region in the population over 60 years is more than 10% of the total population, which is into the aging of the population. Both of developed and developing countries in recent years have to face more serious aging impacts for economic progress. According to population prospects (2009), the whole world will accelerate the pace of ageing after 2010

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