An economic stimulus package is an attempt by the government to boost economic growth and lead the economy out of a recession or economic slowdown. The two main ways for stimulating the economy are expansionary monetary policy and expansionary fiscal policy. Though it tends to refer to fiscal policy. Fiscal policy This involves a change …
In recent years the cost of producing solar energy has fallen dramatically. Discuss the economic effects of cheaper solar power on the energy industry and wider economic welfare. Solar power is an alternative energy source to coal and natural gas. Solar power also has a significant environmental advantage over traditional fossil fuels. It is renewable. …
“Water, water, every where, Nor any drop to drink.” – Samuel Taylor Coleridge – The Rime of the Ancient Mariner. The water companies are the least loved out of the privatised utilities, and the lack of rain over the past two winters is making their job much more difficult. For many people, it is hard …
The welfare state typically includes all benefit payments (pensions, unemployment insurance, child benefits, income support e.t.c). The modern UK welfare state was founded in 1948 with the aim of providing ‘cradle to the grave protection’. The intention was that welfare payments would help people through temporary periods of difficulty, such as sickness and unemployment. There …
To what extent can the government help boost domestic industry and manufacturing? In recent weeks, several politicians have talked about their desire to help UK manufacturing and boost industrial production. It may be a noble endeavour to try and boost UK industry and rebalance the economy away from financial services to manufacturing. But, how practical …
According to Search marketing agency the Eword, Google hold 89.5% of the market share for internet search in the UK. Bing (owned by Microsoft) taks only a relatively small 6.11%. For such an important market, this is a very high market share, and shows Google has extensive monopoly power. This monopoly power has also been …
Resale price Maintenance RPM used to be a common practise for manufacturers to set a minimum price for retailers to sell their goods. In the UK, the use of RPM was quite common in the post-war period from clothes to books, records, clothes and electronic goods. It ensured a minimum price of resale and avoided …
Readers Question: I am currently researching the impact of the global economy on inflation in the UK. I have come across economic policy uncertainty but am unsure what effect policy uncertainty in the EU and USA will have on the UK. UK inflation is primarily due to domestic factors. For example, if you look at …