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Chapters in Economic Policy Lesson 1 Economic policy making
Chapters in Economic Policy Lesson 1 Economic policy making

... – Forex interventions by the central bank: when are they justified? – Should monetary policies consider asset price development and how? – How much (if at all) fiscal policy power should be taken away from governments in case of fiscal trouble? – Is a higher economic growth (higher GDP increase) a v ...
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Industrial and agricultural change in Russia 1917-85
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AP Economics - Hicksville Public Schools

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... the emphasis of the U.S. economy. The United States has experienced four major economic shifts. During the early 1600s, the colonists bartered, or traded, goods and services. This created our service-based economy. In the 1700s, farming was a common way of life. This formed the agriculture-based eco ...
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Economic System Notes - Hicksville Public Schools
Economic System Notes - Hicksville Public Schools

... If consumers want computers and only one company is making them… •Other businesses have the INCENTIVE to start making computers to earn PROFIT. •This leads to more COMPETITION…. •Which means lower prices, better quality, and more product variety. •We produce the goods and services that society wants ...
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Non-monetary economy

The non-monetary economy represents work such as household labor, care giving and civic activity that does not have a monetary value but remains a vitally important part of the economy. With respect to the current economic situation labor that results in monetary compensation becomes more highly valued than unpaid labor. Yet nearly half of American productive work goes on outside of the market economy and is not represented in production measures such as the GDP (Gross Domestic Product).The non-monetary economy seeks to reward and value work that benefits society (whether through producing services, products, or making investments) that the monetary economy does not recognize. An economic as well as a social imperative drives the work done in this economy. This method of valuing work would challenge ways in which unemployment and the labor force are all currently measured and generally restructure the way in which labor and work are constructed in America.The non-monetary economy also works to make the labor market more inclusive by valuing previously ignored forms of work. Some acknowledge the non-monetary economy as having a moral or socially conscious philosophy that attempts to end social exclusion by including poor and unemployed individuals economic opportunities and access to services and goods. Such community-based and grassroots movements encourage the community to be more participatory, thus providing a more democratic economic structures.Much of non-monetary work is categorized as either civic work or housework. These two types of work are critical to the operation of daily life and are largely taken for granted and undervalued. Both of these categories encompass many different types of work and are discussed below.It is important to point the microscope on these two areas because only certain people are very civically engaged and very frequently a certain group of people tend to do housework. Non-monetary economic systems hope to make community members more active, thus more democratic with more balanced representation, and to value housework that is commonly done by women and less valued.
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