State-owned enterprises (SOEs) directly under the central government have released 868 guidelines of compliance in key areas, and defined 5,000-plus job compliance responsibilities; SOEs and financial institutions directly under the central government and their branches have formulated and updated more t...
Positive economics is concerned with describing and explaining economic phenomena; it is based on facts and empirical evidence. Normative economics, on the other hand, is concerned with making judgments about what “should be” done. It containsvaluejudgments and recommendations about how the economy ...
However, in recent decades the process of globalisation has accelerated; this is due to a variety of factors, but important ones includeimproved trade, increased labour and capital mobility and improved technology. ... What are the key players in globalization?
Economic theories are like roller coaster instructions, explaining the economy’s highs and lows. Keynesian economics sees spending as key: more money means more purchases, leading to business growth and job creation. GDP measures our economic output—when it spikes, so does expansion. Low unemploym...
Learning the economics on the fly,rather than taking time to fully understand unit economics and implement a business model with long-term potential. Instead, work to understand the key drivers of growth and profitability through the lens of profit and loss. ...
and insurance companies. Depending on your undergraduate studies, you may also find a job in a related field as a financial manager or financial planning expert. Here are five common jobs graduates with finance degrees can pursue, with the average salary ranging from around $84,000 to nearly ...
The amount of the macro environment's influence depends on how much of a company's business is dependent on the health of the overall economy. Cyclical industries are heavily influenced by the macro environment, while basic staple industries are less influenced. Industries that are highly dependent...
Industry 4.0 is the Fourth Industrial Revolution characterized by digitalization. Factory processes, manufacturing, and service industries are all more efficient, thanks to more powerful computers, cloud computing, the IndustrialInternet of Things(IoT), data analytics, robotics, artificial intelligence, and...
In such a system, the government owns industries deemed essential on behalf of the consumers who use them. Competition among companies is discouraged or banned. Prices are controlled. Communism requires a command-based economy. Contemporary examples include Cuba and North Korea. ...
Another basic principle of Keynesian economics is that the best way to pull an economy out of a recession is for the government to increase demand by infusing the economy with capital. In short, consumption (spending) is the key to economic recovery. These two principles are the basis of Key...