Labour Market Dynamics, Unemployment And Economic Growth...

LABOUR MARKET DYNAMICS, UNEMPLOYMENT AND ECONOMIC GROWTH IN GHANA INTRODUCTION Owing to a GDP rebasing in 2011, Ghana became the fastest growing economy in the world with a GDP growth pinned at 20%, the largest per capita income in West Africa and the 21st in the continent. Ghana joined the league of oil producing countries in December 2010 with 85,000 barrels of crude oil in a day . Fiscal deficit fell from 5.9% of GDP in 2010 to an estimated 4.3% in 2011 due to strong revenue performance . Despite an impressive increase in economic growth rate over the years, the Ghanaian economy is still characterized by low employment rate and low labour productivity rate as against the relatively increasing growth rate of population. Unemployment rate in Ghana has varied over the years averaging 8.82% from 2001 until 2013. It reached an all-time high of 12.90% in 2005 and a record low of 5.20% in 2013 . Ghana’s unemployment rate is 25.6% for the younger age group between 15 and 24 years twice that of the 25-44 age group and three time that of the 45-64 age group . This is a perfect indication that recent gains in Ghana’s economy growth have not translated adequately into job opportunities, especially in the formal sector. Unemployment is a phenomenon that occurs when a person who is actively searching for employment is unable to work . The most common measure of unemployment is the unemployment rate. Method of calculating and presenting unemployment rate differs from one country toShow MoreRelatedThe Cost Of Real Money1690 Words   |  7 PagesIS-LM diagram (our earlier Figure 4), when IS-LM centers on the full employment output level so that Y* = YF, then the labor market clears and thus there are apparently no inherent dynamics to imply a rise in wages. If anything, a Pigou Effect arising from the fall in real money balances ought to push the IS curve to the left and actually generate unemployment so the implied dynamic might actually be a fall in money wages (of course, in the process of the original adjustment, IS and LM could move concurrentlyRead MoreMaking Sense Of The Us Labour Market Essay1450 Words   |  6 Pagesof the US Labour Market The Federal Open Market Committee (FOMC) makes no secret that it attaches a higher policy weight to seemingly tight labour market conditions vis-à  -vis low inflation readings. Given this bias, therefore, it is essential that the FOMC accurately assesses whether the economy is indeed at full employment. The Fed’s econometric of the US economy embraces the so-called Phillips Curve, a statistical relationship that depicts an inverse relationship between the unemployment rate andRead MoreCurreny Forecast Essay1244 Words   |  5 Pagesfinancial markets, people should diversify their investments to earn the maximum profit. Distributing different portion of money into selected currencies is one of the approaches to make money. For the past many years, scholars have developed a number of methods to predict exchange rates. As a speculator, I am going to use three measures including Asset Market Approach, Relative PPP, and International Fisher Effect for currency forecasting. From the fundamental perspective, Asset Market ApproachRead MoreEssay about Labour Market Inflexibility in Europe1317 Words   |  6 PagesLabour market inflexibility in Europe is the main reason why Europe is not as dynamic an economy as the United States† Critically discuss. â€Å"Labour market inflexibility in Europe is the main reason why Europe is not as dynamic an economy as the United States† In not more than 2500 words and not less than 1500, critically discuss the above statement. Introduction Today labour markets in Europe and the USA are often compared and discussed. The general view seems to be that the US hasRead MoreUs Labour Market Case Study1513 Words   |  7 PagesFed’s US Labour Market Outlook: Tough to Believe? As we pass the midpoint of 2017, it has become blatantly clear that US labour market slack is rapidly diminishing, as measured by the declining civilian unemployment rate. 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NotRead MoreStructural Unemployment : A Large Proportion Of The Unemployed1236 Words   |  5 Pageswith, a large proportion of the unemployed is caused by structural unemployment, which refers to a mismatch between skills demanded of workers and skills that employees could supply (Anderton, 2008:210). It includes three typical components, which are regional, sectoral and technological unemployment. Firstly, when structural unemployment exerts an influence on the economy of a particular area, it is called regional unemployment. With ‘Reform and Opening’ implemented, eastern coastal provinces ofRead More10 years GDP report on Singapore1119 Words   |  5 Pageshas enjoyed growth and employment rate has remained high over the years (Singstat.gov.sg, 2014; App.mof.gov.sg, 2014). The consumer price index (CPI) is also on a steady rise on year-to-year basis (Singstat.gov.sg, 2014; App.mof.gov.sg, 2014). This essay aims to provide an analysis on the country s economic performance over the past 10 years. Production Output Performance Analyis The Singapore economy has performed well over the past 10 years with an average annual GDP growth of 6.3%. GDPRead MoreThe Collapse Of The Old Authority926 Words   |  4 Pagesleast somewhat to over-expansionary policies in the years before. Other more conventional economic policies would have seen smoother growth in the late 1950s as it would of lead to a smaller balance of payment deficits in peak years. Empirical research has also shown that the government had a tendency to implement tax breaks when the economy was recovering, and deflationary strategies just before or during economic downturns. In summary, throughout the conservative period of the late 1950s to early 1960sRead MoreCorporate Profits Cycle Under The Microscope1742 Words   |  7 PagesUS Profits Cycle Under the Microscope It seems hard to believe that the current US economic expansion is the fourth longest in duration since the Great Depression. Despite growth averaging â€Å"only† 2% since the 2009 Q2 trough, the performance of corporate profits was impressive, at least up until 2014 H1. The structure of the US economy has shifted with the passage of time, notably the gravitation away from manufacturing to services. This shift has, therefore, impacted the composition of corporate

Financial Analysis of McDonalds Company - 1482 Words

Financial Analysis of the McDonald’s Company MCD, exchange where traded NYSE 2111 Midwest Road, Oak Brook, IL 60523 (630) 623-3000 PART 1, COMPANY OVERVIEW: a. McDonald’s is an American fast food chain that sells a variety of fast food alternatives, but most notably has earned its reputation and success for the hamburger. It is the largest fast food chain in the world, with globally recognized â€Å"golden arches† symbolizing a reliable meal can be had in over 119 countries. McDonald’s has continued to develop their menu to reflect the desire/demands of their customers. The current CEO of McDonald’s is Mr. Don Thompson. b. McDonald’s was started in the 1940s as a BBQ restaurant owned and operated by Richard and†¦show more content†¦In order to increase their profit margin, McDonald’s must continue to try and find ways to reduce COGS. This is because many of the other expenses are much harder to influence. Selling General and Administrative (SGA) expenses have most likely already been trimmed to the minimum over the company’s life, taxes are required by the Government, and interest expense makes up only a small portion of expenses. The company may need to do a cost-benefit analysis to determine what may be done to reduce COGS. One idea may to better vertically integrate the company, or to remove menu items which are unpopular and/or seasonal. c. Assets Distribution: Year-end FY 2011 Assets:  Cash 2.3 Accounts Receivable 1.3 Inventory 0.12 Fixed Assets (PPE) 22.8 Other Assets 1.67  PIE CHART OF ASSETS, Year-end FY 2011 COMMENTS: As depicted in the chart, the companies’ assets are largely fixed. This comes as no surprise since the company consists of over 33,000 restaurant locations worldwide. The percentage of fixed assets as compared to current assets does mean though that the company is not liquid, which means it cannot quickly convert its assets to cash. The low inventory which actually makes up just 0.4% of the asset distribution is normal due to the fact that the company is a restaurant chain, and much of the product has a quick shelf life. c. Capital Structure: Year-end FY 2011 Capital Structure:Show MoreRelatedMcdonald s Corporation International Financial Performance Essay1369 Words   |  6 PagesThis paper analyzes McDonald s corporation and Wendy s corporation international financial performance. Data for various financial ratios have been adopted from income statement, balance sheet and cash flow statement. The biggest fast food chains and widely known are McDonald s and Wendy s. To compare these two companies financial capabilities we will have to look at current ratio, earnings per share, earnings/price, equity/debt ratio and divided yield all need to be carefully thought out toRead MoreMcdonald s Corporation : The World s Largest Chain Of Fast Food Restaurants Essay1600 Words   |  7 Pagesworldwide (McDonald s, n.d.). 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Mc Donald has many strengths and resourcesRead MoreMcDonalds Wendys Financial Statement Comparison Essay1693 Words   |  7 PagesMcDonalds Wendys Financial Statement Comparison Financial Statement Analysis Project The two companies that I will be comparing in this project are McDonalds and Wendys. Both of these companies are competitors in the same industry. I am using the information from their 2005 Financial Statements. Debt-to-Assets Ratio When comparing the debt-to-assets ratio of McDonalds and Wendys, you have to divide the firms total liabilities by their total assets. EssentiallyRead MoreMcdonald s Business Strategy Analysis1465 Words   |  6 PagesEven McDonald has built in America but in recently, to describe McDonald’s restaurant, it is one of the biggest fast food restaurants in the world. Today, McDonald has cover more than 100 countries, more than 30,000 restaurants and serves more than 50 million worldwide in one day. 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Human Computer Interaction Development and Management

Question: Discuss about the Human Computer InteractionforDevelopment and Management. Answer: Introduction of the Nominated Website Myer is a retail market chain which is situated in Australia. In 1900 MYERs was founded by Sydney Myer in Bendigo Australia. This market deals with broad range of products for men, women, childrens accessories and clothing as well as footwear. It also deals with cosmetics fragrances, homewares, electrical equipment, furniture travelling goods. Many Australian models serve as a FACE OF MYER. It is Australias largest and well known department store. The main headquarter of MYER is situated in Docklands, Melbourne. Now Myer have over 14000 workers working in their departmental stores (Barrier, 2002). Myer is the only stores which have many chains in different states of Australia. IN 1921 after purchasing the Doveton woollen mill Sydney Myer opens Myer Emporium in the same building in Melbourne. After few years of business Myer shares were listed in Melbourne Stock exchange then after the company gained interest in the market in 1925, the companys shares were also listed in Adelaide stoc k exchange. In 1934 the company had 5300 workers worker under them they also provided medical facilities as well rest rooms for the workers. After the death of the founder Sydney Myer in 1934 the responsibility of the business were given in the hand of Elcon Myer. After doing a successful business in Australia, Myer became Australias main property owners as well as developer. In the year 1968 Myer purchased Geelongs Lindsays stores and they renamed the business named as Target. They made the store as Discount departmental store (Chen, 2001). By introducing this new method business the company gained huge amount of profit and this method of doing business became successful. In 1985 Myer emporium merge with GJColes Coy and the companies name became Coles Myer limited. In 2006 after demerge from Cole Myer limited Myer made a history making clearance sale from $1.5 billion to $750 million. After crossing all hurdles in the year 2011 Myer first launch its online shopping sites. In 2015 t he company has updated business strategy for next five which states that the company from now will provide merchandise according to the wants of the customers. According to their glorious history the company will provide full satisfaction to the customers they will also provide shipping facilities. And nowadays due to rapid growth of e-commerce in Australia as well in many other parts of the world it will be much easier for the company to communicate with their customers so that they could deliver a proper product which is selected by the customers (Ghaoui, 2006). The new strategy which is developed by the company is founded by the advanced data analytics. This strategy will improve customer satisfaction which will lead to high sales and high profit. Every year due to the new strategy of business over 130 million customers visits Myer every year. Now whole over Australia there is 66 stores in which 23 stores are situated in the main cities of Australia. It is the fast growing Omni c hannel business which means it provides a proper multinational way of approach towards customers which helps customers shopping experience more enjoyable. And now due to the new strategy of business the customers by sitting at their home can buy and sell goods by using mobile phone or desktop because the company now provides cash on delivery services. Features of the Website Nowadays the online stores run smoothly by the help of ecommerce shopping cart engine. Myer is a well-known famous company in Australia. The companys website provides payment option for their customers, they accept credit cards as well as debit card and another option that is cash on delivery services which is also available by the company (Jacko, 2009). The company also offers option such as PayPal, Google checkout which attracts many young customers. The company provides time saving site search facilities for the customers so that customers could easily find the product of their own choice. The category facilities are also provided in the sites so that it will be easier for men and women to find the products of their own choice. Product review is also available by the site. The product review is needed because one cannot have idea which material is used in making of the product which he or she has selected from the site and it has been seen that around 65% of people in world buys p roduct by observing the review and the ratings of the products that why it is necessary for every online shopping site to provide product review and Myer also provides product review (Jameson, 2013). Wish list facilities are also provided by Myer. Every person does have money at every point of time so people save their selected product in the wish list when they will have the amount they could easily buy the product without wasting any time. The company also provides real time inventory to the customers many that many sites do not show the actual money. Myer have real time inventory facilities that display the amount in the computer screen which is to be paid off. This is one of the trusted e-commerce site as well as retail market. Positive Aspects Many big online shopping sites do not provide any order tracking facilities but Myer provides order tracking facilities. Order tracking facilities gives a rough expectation to the customers when the product will reach to himher. By introducing order tracking facilities the customer gains confidence that the product will be delivered to them and no fraud case will take place (Lewis, 1990). Myer also provide special offers to the customers by the means of gift card, discount, free shipping. This offer encourages the customers to visit the sites and an advantage is created for the shopping sites to earn a good brand value in the market. The most important point is the website security and Myer hires high grade of employees to protect their server. SSl data encryption is used to protect the server from hacking. This is the reason the customers feel save to buy from this site. The company provides full security for their customer thats why the customers feel more save to buy products from Myer and this trust from the customer gained a great brand value for the company in Australia (McKay, 2007). Negative Aspects Every e-commerce sites have technical as well as non-technical aspects. There is lack of technical support always takes place in this type of business as well as many fraud cases can also takes place. The main problem is the poor maintenance of e-commerce site (Newell and Card, 1985). And many hacking software are developing day by day which is main problem nowadays. Network problem is also a great issue in this type of business. So every business have its negative aspects but if it is properly maintained by the companies it will run smoothly but many companies cannot afford it due to high maintain cost. Review of the Nominated Website According to the research Mr. beans who is a small businessman in victoria states that he had bought a pair of shoes from Myer but from his point of view the service of the employee was average but the product was good as he was fully satisfied and he also got a birthday voucher consisting 30% off on that pair of shoes. And another person Mr. Jonny who is sportsman tried to navigate the site but he faced problem, he tried to call the customer care but the customer care were busy with other customer. He also tried to find similar link for the site but due to lack of update he was not able to open the site. But from my point of view, sometimes technical errors can takes place its ok but proper customer service is needed for the customer otherwise it will create a negative impact in the mind of the customers. So Myer should improve its customer service otherwise this sites provides genuine goods to their customers. The high managers or officers should talk with their employees so that t hey could provide good customer service towards their customer. The company has a value in the market and they cannot do anything wrong that will harm their reputation. The company should hire more employees for their customer service as well as their security services (Ockerman, 2007). They should not have any technical errors in their sites as because this will shift many customers to other shopping sites. And one of the main disadvantages of this site is return and exchange policy it takes many time for the company to exchange a product. If the product is not liked by the customer and if heshe complains for return or exchange of the product then the employee from the company will visit the customers after 2-3 days as there is no urgent exchange or return facility available in the site. This the main problem that arises if the customer buys a product and if he/she leaves the town by the next day then they might face huge problem that is why urgent exchange and return facility shou ld be introduced in the website (Preece, 1994). Conclusion From the above discussion we came to know that Myer is the leading retail market chain in Australia. The company has faced many problems in the early setup of the business but after few years of marketing it has reached to the topmost point in e-commerce as well as retailing market. It is the companies which have proud heritage as well as bright future. The product which they provide to their customer is 100% original product thats why the people of Australia prefer to buy products from this site as well from their retail shop. Myer is also the largest line departmental store group in Australia. The company also works for the promotion as well as for the development of Australia (Sarmento, 2005). Every year new business ideas are introduced by the company in market to attract customers and the employees who works under this company are highly qualified and well mannered. In every five years the Myer develop sharper strategy for more growth in the market. The four strategies of Myer a re customer led offer, beautiful overview of the site, rate of change of productivity as well as omni channel. The company also develops a sustainable strategy were the company focuses on customer, community, environment and business. This strategy is introduced for making the shopping site more attractive so that to attract more customers. The increase in customers leads to high profits. Energy packing and waste management are the main progress of the company which have reduced 2%of energy intensity. The company has made commitment on reducing waste so they have started recycling of the package. And this method of packing also reduces the packaging cost of the product. So the company provides many useful strategies as well as well as it protects the environment from global warming. So at the end the company has taken many useful steps for doing a good healthy business in Australia but the company should improve its customer services which they provide to their regular customers. An d finally we can conclude that the company should provide an urgent return and exchange facility to the customers that will attract more customers to the companys e-commerce site. References Barrier, T. (2002).Human computer interaction development and management. Hershey, PA: IRM Press. Chen, Q. (2001).Human computer interaction. Hershey, Pa.: Idea Group Pub. Ghaoui, C. (2006).Encyclopedia of human computer interaction. Hershey PA: Idea Group Reference. International Journal of HumanComputer Interaction Reviewers 2015. (2016).International Journal of Human-Computer Interaction, 32(2), pp.87-88. Jacko, J. (2009).Human-computer interaction. Berlin: Springer. Jameson, A. (2013). Choice Architecture for Human-Computer Interaction.FNT in HumanComputer Interaction, 7(12), pp.1-235. Lewis, C. (1990). A Research Agenda for the Nineties in Human-Computer Interaction.HumanComputer Interaction, 5(2-3), pp.125-143. McKay, E. (2007).Enhancing learning through human computer interaction. Hershey: Idea Group Reference. Newell, A. and Card, S. (1985). The Prospects for Psychological Science in Human-Computer Interaction.HumanComputer Interaction, 1(3), pp.209-242. Ockerman, J. (2007). Understanding Mobile Human-Computer Interaction.International Journal of Human-Computer Interaction, 22(3), pp.289-290. Preece, J. (1994).Human-computer interaction. Wokingham, England: Addison-Wesley Pub. Co. Ritter, W. (2011). Benefits of Subliminal Feedback Loops in Human-Computer Interaction.Advances in Human-Computer Interaction, 2011, pp.1-11. Sarmento, A. (2005).Issues of human computer interaction. Hershey PA: IRM Press. Shneiderman, B. (1990). Future directions for human computer interaction.International Journal of Human-Computer Interaction, 2(1), pp.73-90. Silverman, B. (1992). Human-Computer Collaboration.Human-Comp. Interaction, 7(2), pp.165-196. Steele, D. (1992).Human computer interaction. London: DISC, BSi Standards. Stephanidis, C. (2009).Universal access in human-computer interaction. Berlin: Springer.

Life is most precious to everyone and everything Essay Example

Life is most precious to everyone and everything Essay Life is most precious to everyone and everything. Without life we would not have a proper civilisation, people would live forever or not even exist at all. What if I said to someone that I was going to take their life for something I presumed they had done? The death penalty, sometimes called capital punishment was introduced in bible times, if somebody so much as stole a piece of bread they would be gave the death penalty. A painful and slow death was usually the outcome, where someone would be starved until they where malnourished and die from starvation. Jesus was crucified on the cross for saying that he was the king of the Jews. Nobody could prove this man to be guilty, so why was he crucified? Why was his life wasted? In the twenty and twenty first century the use of the death penalty is much more infrequent due to many protests about its wide use in 1967 where the United Nations found that it was widely used. In some counties you can be handed the death penalty for things such as cheating on your husband. For instance in 2002 a women was took unwillingly into the street and stoned to death for cheating on her husband. She was the mother of three children and now she cant fend or care for them. Some states in the U.S.A are still keeping the death penalty because they believe that it is the only rightful way to treat somebody who has committed serious crimes. Do you believe this? Most states only hand out the death penalty if the person had killed one or more people in a malicious attack. I think that people are innocent until proven guilty, and should not be handed the death penalty but should be imprisoned for life if later found guilty. We will write a custom essay sample on Life is most precious to everyone and everything specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Life is most precious to everyone and everything specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Life is most precious to everyone and everything specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In some poor countries in Africa they have poor prison systems and cant cope with the numbers of people who commit crimes. They hand the death penalty for those who commit crimes such as theft to those who have killed time and time again. It is the only way they can punish people for the wrong they have done. Stealing a piece of bread to killing twenty people does not compare one way in the slightest. A UN survey in 1990 revealed that forty-three countries had abolished the death penalty entirely, seventeen had retained it but only for exceptional crimes such as treason, twenty-four had retained it but not used it for at least ten years, and ninety-seven were still using it. The abolitionist countries were widely scattered, including, for example, the Philippines and Namibia, but were mostly to be found in Europe and Latin America. Although the number of abolitionist states had doubled since the previous survey in 1967, the UN found unwavering official support for capital punishment in many countries in the Middle East, Africa, and Asia. Islamic law (the sharia) imposes capital punishment for certain offences, and capital punishment is enforced in those countries where the sharia forms the legal code, and in many countries where the sharia is drawn on as the basis for the legal code. Capital punishment has long been the subject of dispute. While proponents argue that it is a neces sary deterrent to the most serious crime, more so than the alternative of life imprisonment, opponents argue either that it is in violation of the human right to life or that inevitable miscarriages of justice will lead to the execution of innocent people. Furthermore, a careful review of the research evidence suggests that capital punishment has no greater deterrent effect than life imprisonment. It says in the bible, thou shall not kill so why go against your religion? Why kill? Why take a life? A life should not be taken and if you sentence someone to death you would be just as bad as him or her, a murderer. It also says in the bible, do until others as they have done unto you punish people for what they have done. Punishing people does not mean that you have to kill them using crude methods. In Africa they put people on public execution, people actually go to pay and watch people suffer for crimes that they are not sure they committed. Putting someone in prison unto they are proven innocent is a good idea. This way they will suffer more over the years and regret what they have done. If they are found innocent in later years they can walk away but you cant walk away when you are dead. Think of what is must be like to be on death row? Waiting around for that moment, to find out if you will live or die. At this moment 1.2% of the American population is on death row awaiting the outcome of a jury who doesnt even no them? How would you feel if this was you? The death penalty should be abolished? Other issues shroud the death penalty such as racism. For in the 60s if there was a African American on trial, there was usually a white jury. The white jury would convict the African American no matter what the evidence was. Also foreign nationals fit into The death penalty can have good aspects also, in some states it is put in place for real serious crimes but rarely ever used. In these states people are scared to do wrong incase they face the death penalty. I believe that the death penalty is wrong because if you hand someone the death penalty it is just as bad as the crime they have committed themselves. The death penalty should be abolished in those remaining states in America; due to it being a huge powerful country with good prisons. It doesnt look good if the death penalty is still been imposed in a modern economical country. As for the counties, which dont have a good law ,system they should start to imprison those suspected of committing violent crimes, too many people are being murdered because of things that they havent been proven guilty off. I think that the death penalty should be abolished, it was save lives, humiliation, if later found out that they didnt do it and it would make people afraid of going to jail for the rest of their lives. Do you want to be killed knowing you didnt commit the crime? Do you?