A classical model of wind-driven ocean circulation is studied in the weakly nonlinear approximation. An asymptotic expansion for small Rossby number is applied to the separate symmetric and asymmetric components of the stream function, where the symmetry refers to a north-south reflection transformation...
Consumerism is related to the predominantlyKeynesianidea thatconsumer spendingis the key driver of the economy and that encouraging consumers to spend is a major policy goal. From this point of view, consumerism is a positive phenomenon that fuels economic growth. Others view the drive to obtain m...
nearing the trillion-dollar mark. This positions China as a global trade surplus giant, juxtaposed against the United States' significant trade deficit. In 2024, robust growth in net exports of goods, combined with
(and the RESP for education savings, as well as the FHSA for first home savings), the TFSA is a registered account, meaning it’s designed to shelter your investments from taxes. The TFSA’s tax-free umbrella ensures that over the years, taxes won’t erode the compounding growth of your...
China’s present debt-to GDP ratio is one of the highest in the world. Its domestic consumer demand is low. So, the nation relies heavily on exports. These factors are now considerably slowing growth. China’s government is facing the necessity of instituting delicate economic reforms. Such ...
A mixed economy combines several of the desirable qualities of both capitalist and socialist economic systems. The capitalist principles of free enterprise, market-based prices, and private property create incentives for innovation and efficiency, while elements of a welfare state and price controls guar...
Misallocation of resources: If tariffs protect industries that would otherwise be inefficient or unsustainable, they could divert resources away from more productive sectors. This reduces overall economic growth and can make the country less competitive on the global stage. ...
Actively managed income and growth funds should be prioritized in tax-sheltered accounts like a Roth IRA. Tony DongApril 7, 2025 Dividend Aristocrat ETFs to Buy Dividend-focused ETFs provide stability and income opportunities during downturns and periods of economic uncertainty. ...
The internal conditions include robust economic growth, price stability, comparative advantages of international scale, and highly developed financial markets. The external conditions include foreign confidence in the stability of the convertibility regime, as well as the maintenance of a reasonable mobility...
we delve into the essence of protective tariffs, tracing their historical origins, examining examples, and dissecting their mechanisms. We'll also weigh the benefits and drawbacks, providing a balanced view that helps you understand not just the what, but the why behind these economic tools. Let...