Search results for keyword: ripple
third oil crisis
The third oil crisis was an event that occurred in the late 1970s and early 1980s, lasting approximately two and a half years. It was one of the most severe oil price shocks in the past 50 years, triggering a global recession in recessionary times and leading to an increase in unemployment. It has......
02/07/2023 
1048 
Avery
agglomeration economy
Cluster Economics
Cluster economics is the understanding of how cities, countries, and other developed regions can essentially create a competitive advantage through the creation and development of a cluster. A cluster is essentially a geographic area, usually within a larger metropolitan region,......
National Income Distribution
Income Distribution in the United States
Introduction
One of the most significant economic issues in the United States is the distribution of income. The American economy is among the richest and most productive in the world; however, there are disparities among members of our society when it co......
mode of economic growth
Economic growth is a fundamental concept in modern economics. It is an economic goal to increase the wealth of a nation or people over a given period of time. Growth is usually thought of as being driven by an increase in the goods and services available to a society, often through technological i......
ripple effect
The ripple Effect
The ripple effect is the phenomenon that occurs when an initial action or event influences related actions or events in a chain reaction. Depending on the magnitude, this can lead to a large, unexpected outcome that can be both good and bad. Often times, the full spectrum of the......
Yen Appreciation Depression
Japan’s Yen Appreciation Recession
At its core, Japans yen appreciation recession is a well-known tragedy of the currency markets. Japans powerful currency has always been a major concern for its government, individual citizens, and corporate investors - especially when the yen strengthens again......
Capitalism's expanded reproduction
Capitalism and the Expansion of Reproduction
Capitalism is a distinctive way of production, where capital goods are owned privately, a few people can acquire a huge amount of money and then reinvest it to obtain more money. This is sometimes referred to as the “mechanism of capitalism”, where c......
government failure
The result of government failure can be far-reaching and devastating. In a worst-case scenario, it can lead to a complete collapse of the government itself. This can result in chaos, social unrest, and even civil war. Government failure can be caused by a variety of factors, including fiscal misma......
potato effect
The Potato Effect is a term used to describe how humans handle the management of resources. It was first developed by the economist Thomas Malthus in the late 18th century, when he observed that a sudden influx of potatoes into Scotland caused a mild famine due to the populations inability to stor......
Basic requirements for smelting quality of bearing steel
The quality requirements for bearing steel smelting
Bearings are widely used in all kinds of machines, and bearing steel accounts for a large proportion in the bearings. The quality of bearing steel smelting directly affects the performance of the bearings. Bearing steel is a very important part ......
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