Advantages of Economic Growth

Advantages of Economic Growth Economic growth can be defined as a process for indicating the increase or decrease in per capita GDP. There are a lot of other factors such as increasing in aggregate income of the individuals reflect economic growth. Economic growth is usually calculated as the rate of GDP changes in a particular period. The total of goods and services produced considered as a reflection for economic growth in the country. It can either be negative or positive in depend on the decrease or increase compared to data of previous years. Negative growth is often indicated to economic recession. When the GDP of a country increases means there is a economic growth existed in the country or the global economies Advantages of Economic Growth. Standard of living of the people will increase Economy growth is an important point to bring better living standards and lower rates of poverty. The average income of people can said that increases and indirectly people able to consume more and motivate the economic growth increasing. Rising Employment Economic growth stimulates employment. The economic growth produces more vacancies for job and bring better standard of living to them. Increased capital investment. Economic growth can used to increasing the capital investment. Benefit to Government Economic growth brings advancedÂÂ  tax incomes for the government, Because of this, the government spends less unemployment benefits. Superior public services. Due to government got government income as economy growth, it can spend more on public services like education for contributing in superior public services. EnhancedÂÂ  businessÂÂ  confidence Economic growth creates positive effect as encourage people running their businesses. As profits of small firms and business increase with economic growth, their business confidence and will to grow up to meet more challenges. Disadvantages of Economic Growth. inflation Potential High and rising inflation will occur due to demand grows faster than long run productive. It may destabilizing for an economy as interest rate may increase and can cause a loss of competitiveness in international markets Regional disparities Although average living standards may be rising, there is a gap between rich and poor. It can widen the issues of poverty and make a wide gap between different regions. Pollution Economic growth never separated from environmental issues. Rapid growth of production and consumption may create environment pollution such as sound and air pollution and road congestion. Environmental damage may bring negative effects on our quality of life. For the example, road congestion will produce more Co2 in a high density area. The health of residents in that area will been affected. Relationship between unemployment and economic growth. How does unemployment affect your economy? Wealth drainage The government need provides monetary assistance when someone unemployed, so a high unem ployment rate means that it has to pay more fund to help a large number of unemployed people. It is creating a heavy burdenfor a government. Wealth is drained for unproductive purposes and economic growth slows down. Slack in flow of money Unemployment slows down the circular flow of income by the lack of money inflow and outflow. When money does not pump into the economy, its growth becomes slowed down even stuck.

The Penalty Phase Essay Example | Topics and Well Written Essays - 1250 words

The Penalty Phase - Essay Example To add on this, the jury already had a verdict; Esherman was guilty of more than 30 charges against him. He was convicted of mutilating, raping and murdering 17 teenage girls. Shortly after this verdict was given, Hoffman is tipped by about violation of the defendant’s rights during interrogation. He finds out that the evidences used against Esherman were not obtained legally. The search warrant used was invalid thus the arresting officers had violated Esherman’s constitutional rights. This renders the whole procedure void. Further probing reveals corruption on part of the district attorneys and lawyers, some of whom are running on Hoffman’s political slate. Hoffman realizes that if he undertakes the appropriate legal action, he will definitely destroy his political career. He is caught in the middle of a legal storm and is faced with a profound legal dilemma: Should he honor every stroke of the law, and incur public wrath and loose every hope of being re-elected or should he deliver justice to the perpetrator and risk destroying his political life? The ethical dilemma from the perspective of each main character The main characters in the movie are Hoffman, Esherman, the prosecutor, and Hoffman’s main opponent, Susan Jansen. Hoffman feels that he has a legal obligation to defend the rule of law and consequently Esherman’s rights. ... According to them, nothing should be reversed in favor of Esherman and this is seen when Jansen takes advantage of the media coverage to popularize an image of Hoffman as a liberal who is soft on criminals. How the dilemma was resolved Hoffman’s ultimate actions and rationale represents the part of the movie that was splendidly executed. Having considered his personal, public and legal interests, Hoffman decided to rule the case in favor of Esherman. Through a clear interpretation of the law and especially in regard to the legality of evidences, Hoffman declared the whole process invalid because of the violation of the defendants and the corruption involved. He based his exclusion of the evidence on the way it was obtained. In doing so, Hoffman already beat his opponents by throwing the blame to the police for their unwarranted conduct when collecting evidence and satisfying the interests of the public by according justice to Esherman. The kind of ethical framework that best d escribes how the dilemma was analyzed and resolved. The kind of ethical framework that describes how the dilemma was analyzed and resolved is the need for zealous prosecution. This ethical framework requires that legal professionals should not only seek to prosecute. They should also seek for justice for the offenders including those found guilty. This framework is based on ethical theories like rule utilitarianism. This theory supports the exclusionary rule because the long-term impacts of allowing illegal police behaviour will be more costly than allowing one criminal free. This framework therefore supports the power to use discretion among judges. Pollock (2004) explains that the use of discretion occurs in

Company Performance Essay Example | Topics and Well Written Essays - 1250 words

Company Performance - Essay Example It is calculated by getting the difference of the current assets from the value of our stock and any prepayments the company has made. Their total is then divided by the totals for the current liabilities to get the quick ratio (Needles and Powers, 2010). In other words the formula for calculating the quick ratio can be given as, This is the ratio of the company’s current debt to the amount of capital they have invested in the company. This is calculated by dividing the total debt that a company owes their creditors to the amount they have invested in the business (Banjerjee, 2005). It is given by, The company has a total debt ratio of 30.25 in comparison to the industry’s 31.96. This implies that there are other companies that have greater debts than it since their value is less than the industry’s. This ratio is also referred to as the stock turnover and is the ratio of the sales a company makes in a certain trading period to the totals of their inventories. It is calculated by dividing the total number of sales made in the period over the total recording’s of sales made (Clarke, 2002). Thus, it is calculated using the formula, The company has a sales turnover of 3.53 in contrast to the industries 4.15. This means the company is performing dismally when compared to the industry since their indexes are lower (Banjerjee, 2005). It is a measure used in accounting to quantify the effectiveness of a firm in giving out credit facilities along with the collection of debts. It is a ratio that describes the level of activity within an organization (Clarke, 2002). It is calculated using the formula, The company has a receivables turnover ratio of 7.52 which is low compared to the industry’s 19.51. This implies that the company should make a reassessment of their debt collection policies to ensure their money has been collected and is bringing gains to the firm. This is the ratio of the sales the company