Productivity can also be limited or enhanced by regulation. In the short-term, less regulation tends to increase productivity but makes prices and wages less stable. In the long run, not enough regulation can have a counter-productive effect, as occurred with the lack of regulation over the banking industry and the subsequent credit crisis of 2008. Deregulation and a failure of oversight can also incentivize corruption
Productivity can be formally regulated through price ceilings and floors. Price ceilings tend to discourage production, given that prices that are artificially too low can make it impossible for sellers to meet demand. Price floors can encourage too production, given that producers are guaranteed a specific minimum price for their output, but can also reduce sales and result in a market glut. Tariffs can encourage or discourage production as well. High taxes or outright prohibitions upon imported goods can channel consumer dollars to imports, and also limit competition from outside goods.
But not all policies that influence productivity are economically related. World War II, for example, had a tremendously simulative effect upon the economy, given how many resources were necessary to be used fighting the war. The defense build-up of the early 1980s also had a more mild simulative effect. The economic difficulties of the 1970s were partially generated by the increased powers of OPEC and its negative relationship with the West, which resulted in tight controls over the supply of oil, higher prices, and thus less productive dollars being spent upon generating goods and services. This artificially enforced scarcity, which had a political a well as an...
" She could not give as much as she wanted to her art as the Emilys, "the whole that I possess / is still much less," because it was so difficult to balance a career and a family. Women are supposed to be able to achieve anything, but this is impossible to accomplish. The speaker wishes to join the three Emilys, but due to her children and her husband, "only
Politics International Trade-Offs In international policy, as in the course of daily human life, self-interested actors must carefully weigh competing and often equally valid choices, and make for themselves some compromise between opposed values. It seems that as often as one is able to solve a problem, one notices that the very solution causes problems of its own. An unmitigated good is difficult to find even in one person's individual life, and
Environmental Issues Faced in 21st Century Aviation Reducing Communication and Coordination Tools and Metrics Technology, Operations and Policy Demand Aviation and the Environment Effects on the health Local Air Quality Climate Change Total Climate impacts from aircraft Interdependencies Mobility, Economy and National Security Interactions between Government, Industry and Groups Aviation Greenhouse Gas Emissions Economic Impact SPCC Regulations Local Airport Issues De-icing Fluids A Framework for National Goals Realities and Myths Metrics Recommended Actions Environmental Issues Faced in 21st Century Aviation Environmental awareness in regards to 21st century aviation among the public and politicians has
Institutions may have to devote more resources to improving the workplace for nurses, and make cutbacks in other areas, so patient care is not compromised. Addressing the nursing deficit from the perspective of nursing schools, rather than simply offering more money to nursing has been one strategy deployed by the state of Florida. For example, nursing colleges and universities in Florida have worked to form strategic partnerships with private insurance
Naturally, this improves profitability for private enterprises but simultaneously shrinks the American production and labor economies. This is the type of stifling of growth that has contributed significantly to the current state of recession gripping the United States. Globalization makes as its underlying presumption the assertion that by reducing barriers to economic integration across international borders, the world community is creating a vehicle to a more equal distribution of wealth.
Military Spending In today's society, military spending is on the minds of American citizens more than ever. With the constant threat of terrorism and imminent war on the horizon, the United States government is spending billions of dollars on drastic measures to fight a large-scale war as well as to continue to combat terrorism. Critics against increased military spending argue that the funds set aside for such defense measures could be
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now