Market Forces Shape Organisational Responses

Britain had become one the world’s most profitable countries with spending increased by 20% during this period– even though the economic growth remained at just 3%.

Keynesianism and monetarism are both ways to stabilize the economy and promote growth when need. In keynesianism, government uses fiscal policy which is a list of policies that government spending and taxing can be used to improve the performance of an economy. The government produces stabilization by taxing and

As England was still recovering from a long war that had been fought with Spain, they wanted to boost their economy some way, some how. This was because of the massive war debts they had from the borrowing of money. A way to do this

Monetary policy is the regulation of the money supply to influence variables such as inflation, employment, and economic growth. Fiscal policies, on the other hand, use the ability to tax and spend in order to influence those same variables (McEachern, 2014, p. 57). A blend of both of these policies is essential for improving the economy when a recession has occurred.

The United Kingdom is an island nation off the coast of the continent of Europe. The nation is comprised of England, Wales, Scotland, and Northern Ireland. The Country has a total area of 93,628 square miles. The total a total population of the United Kingdom in 2015 was 65,092,000 people, which is comparable to its neighbor France. A majority of the population are located in urban areas, only 17% of the population live in rural areas. The average life expectancy for its citizens is 80 years (“United Kingdom” Encyclopedia). The nation has had a long journey after World War 2. During in which the government owned and operates many different companies. The United Kingdom’s economy was recovering a sluggish pace. In the 1970s the UK joined the European Economic Community which has assisted them in getting them to where they are now. In addition the election of Margaret Thatcher as the prime minister in 1979, who ushered in capitalist polices which have shaped the United Kingdom’s modern economy. Arguably without Margaret Thatcher’s polices and admission in the European Economic Community the United Kingdom may still be trying to recover from World War 2.

While it is true that the use of macroeconomic have declined in the twenty-first century, nevertheless, the governments’ policies are still effectives and have assisted in promoting economic growth. Fiscal policies and monetary policies are two of the ways the states manage the national economy (Barma and Vogel, p. 540). Through the fiscal policies, which consists of the taxation and government expenditure, the federal government is able to positively or negatively affect economic activities, and also be able to stimulate certain sectors of the market (Barma and Vogel, p. 540). While strict restriction on monetary policies, particularly the flow of capitals can affect the level of trade and foreign investments in a nation, states are still capable of controlling such economic activities through their

How can monetary policy and fiscal policy greatly influence the US economy? Keynesian economics says, “A depressed economy is the result of inadequate spending .” According to Keynesian the government intervention can help a depressed economy through monetary policy and fiscal .The idea established by Keynes was that managing the economy is a government responsibility .

Currently, Great Britain is ranked the fourth largest economy in the world with the sterling pound as their currency. In 2015, Great Britain's GDP was estimated at 2.66 trillion dollars and a per capita at 41,200. This means that the value of all the goods and services produced in Great Britain

This essay seeks to explain what are monetary and fiscal policy and their roles and contribution to the economy. This includes the role of the government in regulating the economical performance of a country. It also explains the different features and tools of monetary and fiscal policy and their performance when applied to the third world countries with a huge informal sector.

The United Kingdom (UK) which commonly referred as the UK or sometimes Great Britain is a Sovereign State located in the arena of Europe (Gürüz, 2008). The United Kingdom is a constitutional Monarchy with a perfect and highly powerful parliamentary system of Governance. The United Kingdom (UK) is known as a highly developed country, and the most important country located within the region of the European region. It is known as the 4th largest economy of the world in terms of Nominal GDP and tenth largest economy of the world in terms of Purchasing Power Parity (PPP). The UK is considered as a high income economy with a constantly high level of Human Development Index (HDI) and high per capita income (Gürüz, 2008).

In this presentation I will discuss whether or not the South African fiscal and monetary policy are complimentary or not. We need to first define both the fiscal and monetary policy in their economic sense. Firstly, the formal definition of the monetary policy are all the deliberate steps of the monetary authority to affect monetary aggregates such as the money supply, the availability of credit, and interest rates in order to influence monetary demand, income, production, prices and the Balance Of Payments (Frederick C v N Fourie, Phillip Burger, 2009, 349). Monetary policy is the responsibility of the Reserve

The UK is the third largest economy in Europe after Germany and France. The country’s gross domestic product (GDP) ranks ninth in comparison to the world at $2.387 trillion (2013 US dollars) and has a real growth rate of 1.8% which is the measure of the rate of change that a nation’s GDP experiences from one year to another. The GDP per capita is $37,300 which is ranked 34th in comparison to the world. The unemployment rate in the UK is 7.2% which is ranked 76th in comparison to the world. It has a budget deficit of -3.6% of GDP which is ranked 138th in comparison to the world and has an inflation rate (consumer prices) of 2% which is ranked 71st in comparison to the world (Central Intelligence Agency, 2014).

The economy of United Kingdom has long been one of the most advanced economies in the world. Having been through the Industrial Revolution in 1900s, it has found its footing and established itself as a global economic powerhouse. Measured by purchasing power parity, the UK is currently ranked as the fifth largest economy in the world, contributing to 4% of the world GDP. It has a GDP of $2.5 trillion. The United Kingdom is characterized by its open market, capitalist economy that allows freedom of movement of goods and people within the European Union.

| Advocates of active monetary and fiscal policy view the economy as inherently unstable and believe that policy can manage aggregate demand, and thereby, production and employment, to offset the inherent instability. When aggregate demand is inadequate to ensure full employment, policymakers should boost government spending, cut taxes, and expand money supply. However, when aggregate demand is excessive, risking higher inflation, policymakers should cut government spending, raise taxes, and reduce the money supply. Such policy actions put

The British economic system has six major categories. In agriculture, British agriculture is highly concentrated, highly mechanized and efficiency is very high. In heavy industry, Britain has large coal, natural gas and oil reserves. In tourist industry, Britain’s tourism industry is very important, each year more than 27 million Chinese tourists visit the UK, ranked seventh in the world. In manufacturing industry, Britain status has declined but we still manufacture petroleum products, computers, televisions and mobile phones. In service industry, particularly banking, finance, shopping, insurance and business services as a share of GDP, the largest and leading status in the world. In education, British education is a world leader include education and