Gross domestic product

On March 26th, Finance Minister, Mathias Cormann announced that the Government-owned health insurance company, Medibank Private, would be sold on initial public offering. This announcement made Commonwealth treasurer, Joe Hockey, confident toward selling billions of dollars of public assets. In return, the Abbott Government will help unlock funding for new public infrastructure projects through reinvestment of the sale proceeding from existing Government-owned assets. The Commonwealth will provide

The British economy before 1870 was recognizable as an industrial economy. Britain alone was responsible for about a quarter of total world trade. Britain’s dominace was driven mainly by its plentiful supply of water power, coal and iron, and a relatively large pool of wage-workers, giving it crucial economic advantages at the start of the industrial revolution. The economy, however, after a period of stability, experienced a phase of decline after 1870. According to Supple this decline refers

Success is defined as the accomplishment of an aim or purpose. Taiwan has done remarkably well in becoming a developed country, despite their rather harsh resource capability and population mass… By looking through Taiwan’s economic development, Small and Medium Enterprises (SME), Land reform and Social development, this composition should give and show and an understanding that Taiwan is a successful nation. Success in a nation is about how well that nations economy has delivered a set of objectives

Economic growth is a vital element in determining the state of a country's economy. A dwindling economic growth is a clear sign of a economy that is in bad health. There are many components that can lead to the decline of economic growth. This essay shall discuss those negative effects; including government debt, labour market, high unemployment, and income inequality. Practical examples will be used to illustrate the relationship between the factors and how they make each other more problematic

● Youth Literacy Rates in Pakistan Literacy rates are important beyond the obvious reasons of having an educated society, as for some developing countries, the youth may represent the largest segment of the population, which predicts the future capacity of a nation. For literacy rates to improve, government expenditure on education is a key indicator for the youth to have accessible education at little to no costs, gain employment opportunities and be part of the political process of their country

Social orders in many parts of the world have been tested by the changes. furthermore, interruptions that have went with late levels of globalization and contemporary modernization. As social orders are coordinated into the more extensive worldwide society, the subsequent combination can make champs and failures in a wide range of ways(Lutz & Lutz, 2015). A few on-screen characters and segments advantage while different on-screen characters and divisions confront decay. Globalization can also increase

What health issue is being addressed by this expo? Mental health has always been identified as one of the main areas for action in the National Health Priority Areas (National Health and Medical Research Council 2016), and depression is one of the most prevalent chronic conditions amongst the young Australians (Australian Institute of Health and Welfare 2017). Depression is a debilitating condition that substantially impairs individuals’ ability to function and cope with their daily life due to

China and Japan are both countries with different strengths and weaknesses. China’s economic problems may not be the same as Japan’s. Each country follows the principles of their own economic system, which means different problems will arise. In recent years, China has surpassed USA as the world’s largest merchandise trader. Their exports and imports combined was worth up to $4 billion USD. They are importing huge quantities of raw materials, and exporting huge quantities of manufactured goods

In “The Whistle,” a short essay by Benjamin Franklin, he observes that people value materialism in an effort to achieve misguided happiness, and he portrays this by illustrating individuals who believe that their desires are more important than their morals and individuals who value materials and objects over other people. A person who gives great attention to their acceptance in society and other people's adoration towards them and disregards everything else to gain that acceptance is a person

ABSTRACT Respect for private property rights, free markets, and the rule of law are often do cited as fundamental to economic development. However, many countries well in some of these indicators but still lag behind, development wise. This paper seeks to investigate factors that lead to economic growth without economic development, using Botswana as a case study. From around independence 1966 to 1995, Botswana was the fastest growing country in the world. During those three decades Botswana’s average