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Introduction - Custom
Introduction - Custom

... the law. From the other point of view, if a financial institution is seen to have problems, it is taken over before it reaches bankruptcy stage. This is a strong measure that proves its confidence to companies, small-scale traders, and households. They are deeply concerned that there are no risks fo ...
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... It measures only what has been produced within the country--this doesn’t include products that are imported. It is much better for the economy of a country to produce its own goods and services (this increases the country’s GDP). ...
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... Studies have shown that real estate prices and macroeconomic variables are closely linked. Real estate or housing makes up a large share of the overall macro economy. At the household level, housing constitutes a significant share of household expenditure as well as total wealth. This means that sub ...
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employment share in agriculture should vary with GDP per capita
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... equalizing forces operating within the set of market economies. • The poorer a western European country was in 1960, the faster it grew between 1960 and 2000. • This equalizing, which could have taken place in the first half of the century but did not, is widely attributed to the formation and gradu ...
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... citizens suffer increased income tax, universal social charges, household property tax on reduced wages. No wonder these people are angry and refusing to deal with service providers unless they agree a “no tax” or “cash only” price. Like prostitution, until both client and prostitute are sanctioned ...
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Steady-state economy

A steady-state economy is an economy of relatively stable size. A zero growth economy features stable population and stable consumption that remain at or below carrying capacity. The term typically refers to a national economy, but it can also be applied to the economic system of a city, a region, or the entire planet. Note that Robert Solow and Trevor Swan applied the term steady state a bit differently in their economic growth model. Their steady state occurs when investment equals depreciation, and the economy reaches equilibrium, which may occur during a period of growth.
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