Sunday, February 16, 2020

Economics Coursework Essay Example | Topics and Well Written Essays - 1500 words - 1

Economics Coursework - Essay Example In the economic boom many invested in real estate and rented houses at a higher price to add consistent income. Such investments were centrally made in the business cities. However, the recession has caused unemployment and therefore demand for the rented houses has declined as people on being jobless moved back to their respective cities. In such cases, cost of retaining empty house increased such as maintenance cost etc. Therefore, the decline in income from rented houses caused by the decline in its demand had a positive shift in the demand of the owner occupation housing. Government to meet the challenge of crisis and budget deficit has been exploiting higher income people. In such case government can identify rental income as an additional source of income for people and therefore increases tax on the rental income. This measure of government to increase income would have a positive outward shift in the demand of the owner occupation of housing. People will prefer to self occupy houses than renting it out for additional income to benefit from tax escape. The mechanism can also be in contrast. Such as government reducing the subsidies to people that have been hit by the recession but are living in own houses can have negative shift in the demand of the owner occupation housing. People in such case can would then prefer to live in rented houses and therefore demand of the higher subsidies from government. In contrast to above proposition, in case government takes measure to generate the economic activity in certain areas to deal with affects of global crises. Among such measures can be a scheme of providing business loan at lower interest rate to the people that wishes to start own small business venture in local areas. The scheme also offering concession in the electricity and water bills to such people can have positive shift in the owner occupation in that particular area. Therefore, people to take the

Sunday, February 2, 2020

A comparative analysis of international business environment in china Essay

A comparative analysis of international business environment in china and russia to determine which of these countries is in better position to succeed in the new global economy - Essay Example In light of this, globalization refers to the progression towards unifying business interactions across the global platform as opposed to within a given country or organization’s locality. It is the framework upon which international business is structured, and is the direction that business transactions are taking in recent times. However, there are various conditions that define the international business environment, and as such, this affects the success rates of various nations in succeeding in the new global economy. To this end, a comparative evaluation between Russia and China can highlight their viability in the new global economy. As such, Russia stands a better chance of succeeding in the international business environment and being the future of the new global economy when analyzed against China. For a start, Russia’s foray into the international platform started with its rich history as highlighted by its supremacy during the cold war. The cold war was a period of military and power tussle between the countries of the eastern and western blocks after the end of the 2nd World War (Bellacqua 2010, p. 99). The Western Bloc was largely represented by the United States while the Eastern Bloc was represented by Russia, then known as the USSR, and its allies. The cold war was largely psychological and never developed into a full-blown war. However, by being part of it, Russia gained a lot of exposure and experience in worldly relations and overall familiarity with international participation in matters of both national and international interest (Levin 2008, p. 154). As such, this gives it a much needed head start in being a globalization and international business powerhouse, as it has better experience in international relations. In order to succeed in globalization, inte rnational relations is of particularly significant importance as international business involved relations between nations and regions in