A recent OECD report suggested that the UK economy could grow by 3.1% in 2010 (link) If this forecast proved correct, it would be a real boost for many aspects of the UK economy. Firstly, it would lead to improved tax revenues. After suffering from the slump in tax receipts during the financial crisis, the …
Readers Question. what is the benefit to a country having low personal debt??…apart from fear that people wud default what else? A low level of personal debt has various advantages. Typically saving rates will be higher. This enables more investment in the economy. If banks are lending to consumers for personal debt, it means that, …
Water is a valuable commodity; with global warming it appears to be even more scarce. A report suggested that British rivers could see an 80% decline in water volumes during the summer months because of global warming and increased demand. With most scarce commodities like electricity and gas, you have to pay depending on how …
On a basic level net migration will increase gross domestic product, for two reasons. Bigger workforce Increase in demand in the economy. But what effect will immigration have on per capita income, tax revenues employment and other factors affecting living standards like housing costs? The Economic Costs and Benefits of Immigration – The Surprising Winners …
Readers Question: Identify and explain economic variables that may be affected positively by the economic slowdown. A recession is a period of negative economic growth. It is a period of higher unemployment, falling wages and higher government borrowing. It generally causes economic costs But does anyone benefit from a recession? Some people who may do …
Common Agricultural Policy (CAP) is EU’s policy on agricultural. Stated Aims of CAP To Increase Productivity To Increase Farm’s incomes To Stabilize markets To assure the availability of supplies To ensure reasonable prices for consumers The most important is the second aim of increasing farm incomes Why Subsidise Agriculture? The declining income of farmers. With …
Definition of automation Automation refers to the process of automatically producing goods through the use of robots, control systems and other appliances with a minimal direct human operation. Within manufacturing industries, automation has led to increased labour productivity as fewer workers are needed to produce the same number of manufactured goods. A perceived downside of …
Sainsbury’s and Asda have announced a plan for a merger. They argue it will lead to lower prices for customers, no job losses and is necessary to deal with the threat of new discounters like Lidl and Aldi and the impending arrival of Amazon. Others are more cautious arguing that the new firm will have …