There are a variety of factors that can affect economic growth. Some of the most noted factors include interest rates, strength of currency, economic policy, the environment and economic health. Other important factors that impact economic growth rates include advancements in technology, availability ...
Economic inequality typically describes conditions that separate individuals in terms of wealth or income. All nations and economic systems have some type of inequality. A few of the biggest factors that affect this situation include demographic, political, and macroeconomic factors. Not always a bad ...
Keywords: income inequality;economic growth;middle income countries;Granger causality test;system GMM JEL Classifications: O15; O47
Taxes affect economic growth, at least in the short term, through their impact on demand. A tax cut increases demand by raising personal disposable income and encouraging businesses to hire and invest. However, the size of the effect is dependent on the strength of the economy. If it is ope...
Biotic factorsmean all factors or components of the environment that are “biotic” or living. Therefore, these factors comprise live organisms belonging to any kingdom such as Animalia, Plantae, Fungi, Monera, and Protoctista. The effects of these organisms on crop growth and yield are varied...
Macroeconomics includes the study of economy-wide factors such as the effect of rising prices or inflation on the economy. It seeks to track and understand the financial indicators that clarify an economy's success or failure over time, such as gross domestic product (GDP), changes inunemployment...
Factors the affect aggregate demand are: Interest rates: increase or decrease in interest rates will affect the purchasing decisions made by the...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your ...
A PESTEL analysis is a tool that allows organizations to discover and evaluate the factors that may affect the business in the present and in the future. PESTEL is an acronym for Political, Economic, Social, Technological, Legal, and Environment. This unit of analysis assesses these four externa...
Economic factors affect the value of a nation's currency: Interest Rates: Everything else being equivalent, currencies from countries with rising... See full answer below.Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our expert...
A wide range of factors and events can lead to spillover effects. In fact, due to global interconnectedness across economies, there are few major phenomena that wouldn't cause spillover effects. Notable sources of spillover effects include economic downturns, supply chain disruptions, geopolitical ...