Recession is two consecutive quarters of negative economy growth. During recession, there is low level of demand because people don’t have much money to spend. So they look for cheaper products that they can afford. At this time businesses confidence gets low as people aren’t demanding for their products so they would have to cut out their productions as they don’t need to make as much products. At this time they would need to provide cheaper price to attract their consumers and to increase the demand.
International Trade ECO 372 University of Phoenix There are many contributing factors to the stabilization and prosperity of our global market. We, the United States, are living in a time of severe trade deficit, meaning that we are importing many more goods than we are exporting. While it is nice to be able to buy foreign products at a lower price, there is risk in doing so. When we purchase foreign goods over domestic at lower prices it forces our domestic companies to sell their goods at lower prices to remain competitive. These lower prices may lend to making enough profit to sustain the current workforce.
The local economy and the global forces and economic pressures have affected people’s prospects in achieving a rich lifestyle and rely heavily on government entitlements and programs which so many criticize as going in the wrong direction. But in reality, entitlements like Medicaid, food assistance (SNAP), Medicare and Social Security have helped so many Americans survive through these hard times, although many of these programs do not form part of the American Dream in many minds. In the past many Americans depended on manufacturing jobs for their livelihood. When they got a job, there was a great amount of certainty that they could rely on it to progress and sustain a healthy lifestyle for their family to buy a home, car and everything that came with it. Today those jobs have gone to other developing nations who can afford to hire employees at low wage.
Kudler may not have the resources to launch advertising for the company because problems have occurred because of the lack of experience to the target market. Kudler needs a target market to allow the company to focus on marketing dollars and brand communication on a exact markets that is more likely to buy from than or other markets. This is a much more reasonable and efficient, and successful way to make potential clients and generate business. Kudler chain of stores makes them a distinguished factor in the market. This is why a lack of customers will have a huge affect on the growth of the company because of the decrease of the sales in the
The money being used to make pennies could be made for other, more useful, things such as buying supplies for schools or helping the homeless. With the cost of penny making going up, the price of everything else has gone up along with it. Because of the growing and evolving economy, no longer does something cost a penny (Source C). Due to the inconvenience, most cashiers become frustrated when someone tries to pay for something with pennies. Although, by eliminating the penny, prices would either have to rounded up or down, but this could be a “win-win” for both the consumer and the corporate businesses.
Many lower class citizens are at or below the poverty line and are have and unavoidable disadvantages and poorer chances to discover life’s possibilities. Regardless of the potential and ambition that a lower class individual could possess, he or she will not be given opportunities to succeed like a higher class individual. People who are considered lower class do not have access to many of the resources like a wealthier societies do. Based on their economic situation, they automatically start behind the eight ball. Wealthier societies have exceptional educational services which include better teachers, utilities, and curriculum, whereas poorer societies just get by on the bare minimum.
There are limitations as to what equipment is capable of individualizing evidence. Therefore, financial resources are needed to enhance the services provided. In addition, there has been a shortage of qualified staff willing to work for crime laboratories because private industries offer a higher salary. This is a case where money and funding has an
As shown in Source E, the people with more income are for getting rid of the penny, while the more poor people are against the abolishment. This is probably because the more upper class people do not have to pay for simple things with the pennies they find on the streets. Poorer people who make less than $25,000 a year obviously don’t have good jobs, probably not full coverage health insurance, and a lot of the time, have more children to take care of. Due to the insurance they have, their prescriptions and doctor co pays are very expensive. Penny pinching may be these deprived people’s only option in paying bills.
The residents of this county needs help but not they help that the government continues to give to them. They need help in the form of more jobs in their county, instead the government is supplying them with government funded programs. More available jobs can help to decrease poverty levels. Mark Riddix explains, “The death of jobs in the United States has directly impacted the poverty rate” (Riddix, 2011). The government funded programs are supposed to have been a temporary fix for the people of this county.
Without the TANF program to provide help for these families the poverty rate would rise continuously. The welfare programs from analysts believe several factors have contributed to the decline, including an improved economy, tougher work requirements and diversion. Strategists that have moved applicants directly to work programs (Almanac, 20010). However, in my opinion I would say that welfare is not checked often enough and it should be more often. People who are on welfare tend to play the system because they know they can get away with it and take advantage, because the welfare office does not check like they should.