Macroeconomics The Fiscal Policy - 894 Words

1. Fiscal policy is defined as the use of government spending and taxation to influence the economy (Weil, 2008). All government spending influences the economy in some way, but the amount of spending and where that spending is directed will have different types of effects on the health of the economy. The same can also be said for taxation who is taxed and how creates incentives that guide the course of the economy. By contrast, monetary policy is the actions undertaken by a central bank ¦to influence the availability and cost of money and credit to help promote national economic goals (FOMC, 2012). Thus, the objective of monetary policy is to provide the means for economic activity to take place, and guide the level of economic activity in the country, whereas fiscal policy relates to specific spending choices on the part of government. 2. Keynes pointed about that fiscal policy can be used to stabilize an economy. The basic idea is that because government spending contributes to the economy, changing the level of government spending can have an effect on the health of the economy. Hayek argued that government will inherently be less efficient with respect to economic planning and resource distribution. Note that this is not a direct refutation of Keynes, because Keynes does not argue that government is the best at resource allocation, only that government intervention is sometimes beneficial during difficult economic periods. Keynes is, if nothing else, lessShow MoreRelatedMacroeconomic Policy : Monetary And Fiscal Policy1030 Words   |  5 PagesMacroeconomic Policy: Monetary Fiscal Policy Monetary policy is used by the Fed to regulate the supply of money and credit in the economy. The purpose of monetary policy is to promote maximum employment, maintain the price of goods, and to control long-term interest rates to increase economic growth. Right now, monetary policy and fiscal policy are accommodating. At this point, the inflation rate is too low at 0.1 percent, which indicates some uncertainty in the economy. Inflation rates that areRead MoreMacroeconomic Policies Of Fiscal And Monetary Policies Essay1387 Words   |  6 Pagesmake use of different macroeconomic policy instruments such as fiscal and monetary policies to stabilize the macro-economy and brig about growth to their respective countries. Yet there are debates on the efficiency of each of these instruments. Some economists argue that fiscal and monetary policies are ineffective in all countries while the other group argue that they are important policy tools, though their effectiveness depends on conditi ons in the economy. Fiscal policy is one of the commonlyRead MoreMacroeconomic Objectives Of Fiscal And Monetary Policies1692 Words   |  7 PagesMacroeconomics focuses on the economy as it experiences aggregate changes, analysing outcomes of government policies and how adequate these can be. There are many theories on the best policies to achieve the macroeconomic objectives successfully. In this essay, I will be explaining the aims and objectives of fiscal and monetary policies, the effects of quantitative easing, and how the 2008 Financial Crisis affected the United Kingdom as well as the global economy. Governments use macroeconomic objectivesRead More1. Monetary and Fiscal Policy and Its Impact on Business Decision Making 2. Open Economy Macroeconomics-Mundell –Fleming Model and Its Application5514 Words   |  23 Pages1. Monetary and fiscal policy and its impact on business decision making 2. Open economy macroeconomics-Mundell –Fleming Model and its application FISCAL AND MONETARY POLICY IN INDIA AND ITS IMPACT ON Business Decision Making. What is monetary policy? Monetary policy is the management of money supply and interest by central banks to influence prices and employment. Monetary policy works through expansion or contraction of investment consumption expenditure. MonetaryRead MoreGovernements Use Fiscal Policy to Help Them Achieve Their Macroeconomic Objectives Explain What Is Meant by This Statement and Discuss Specific Fiscal Measures That the Uk Government Has Implemented in Recent Years to1832 Words   |  8 PagesEconomy, Society and the Built Environment ‘Governments use fiscal policy to help them to achieve their macroeconomic objectives’ Explain what is meant by this statement and discuss specific fiscal measures that the UK government has implemented in recent years to influence economic activity in the built environment. Definitions: FISCAL POLICY: â€Å"A combination of government spending and taxation used to achieve macroeconomic management. (The flow of government money in and out of the treasuryRead MoreNotes On Macroeconomic Policy And Monetary Policy974 Words   |  4 PagesReorienting macroeconomic policy Feb 12th 2010, 16:33 by S.D. | WASHINGTON This article is written from a positive standpoint it also discusses Blanchard and Co.s list of the oversights and mistakes of Great Moderation macroeconomics and macro policy. Which include some items I will discuss such as: fiscal policy, monetary policy, monetary policy focused exclusively on inflation and used only one target the policy rate, and financial regulation was in its own silo, outside the macro policy frameworkRead MoreNew Classical Macroeconomics Arose From The Monetarism And Rational Expectation School Essay922 Words   |  4 PagesIntroduction New Classical Macroeconomics arose from the Monetarism and Rational Expectation School in the 1970s and follows the tradition of classical economics. If the market mechanism is allowed to play its role spontaneously, which could solve the unemployment, recession and a series of macroeconomic issues. Keynesian economists believe that changes in the money supply will lead to changes in effective demand that will changes in the total economy. For economic cycle fluctuation, Keynesian economistsRead MoreMeg Guild . Mr.Bare . Economics . 31 April 2017. Market942 Words   |  4 PagesMeg Guild Mr.Bare Economics 31 April 2017 Market Place Essay Five Key Questions about Macroeconomics Policy The recession in 1974—1975 and two other back to back recessions in 1979—1982, which sent the employment rate to 11%. The inflation rate rose into double digits then plummeted. A period of Great Moderation came after 1985, and the recession of 1990—1991 was more manageable than the previous recession. Unfortunately, this period of tranquility was followed by the Great Recession whichRead MoreMacroeconomic Policies Of National Development1117 Words   |  5 PagesIntroduction Macroeconomic is a study of an economy in an aggregate. Macro economy defines economic changes that affect household, companies and market. Macro economy can be used to analyze the things that influence policy goals such as economic growth, price stability, employment and the achievement of sustainable balance sheet. Macroeconomic problems occur in every country, both developed countries and developing countries. Therefore, the government created the macroeconomic policies so that nationalRead MoreRelationship Between Macro Environment And The Demand For Dairy Product1342 Words   |  6 Pagesbetween the performance of the macroeconomic environment and the demand for dairy products. To begin with, the demand for dairy products are influenced by several factors, for example, the price, price of substitutes, income and demographic effects (Heien and Wessells 1988). Excluding the population factors, the other factors could be affected by macroeconomics. According to Erten and Ocampo (2012), the commodity prices are related to the situation of the macroeconomic. Also, the income distribution

The Documentary Stress Silent Killer - 1130 Words

The documentary â€Å"stress silent killer† was not only eye opening, but also enhanced the overall learning experience. As humans, we have a natural response to stress, and we cannot locate the off switch in regards to turning off the stress. Most often, we stress for no actual psychological purpose and we are doing so in a relentless manner. After time goes on the stress response turns out to be more impeding than the stressor itself. A definitive objective boils down to having the right type of stress because in the event that we do not involve the right kind of stress there are hazardous outcomes. This can incorporate increased heart rate, high blood pressure and a weak immune system. There is what we call â€Å"good† stress otherwise known as eustress and â€Å"bad† stress known as distress. Some good stresses I have participated in are going on rollercoasters and snowboarding and scary movies. I enjoy these stressors because I get the thrill but it safe controlled setting. The most interesting data in this documentary were identified with hierarchy in relation to stress. Stress exists within hierarchy, which is a social construct. A study was conducted which the position of your career specifically corresponds to the risk of disease and the length of life. Essentially saying, feeling low ranked can generate stress. Around thirty years back, they discovered that stress might be associated with ulcers. At that point they found that the ulcers were being produced by a bacterialShow MoreRelatedThe Obesity Rates Of Obesity1468 Words   |  6 Pages Over one-third of women and one-fourth of men are currently on a â€Å"diet† in America according to the documentary Hungry for Change. However, if this was the case, it does not correspond to our obesity rates. If almost all men and women are supposedly eating right, we should have an active and healthy population, but this shows to be drastically untrue. 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Marketing & Entrepreneurship Creating Customer Value

Question: Discuss about the Marketing Entrepreneurshipfor Creating Customer Value. Answer: Introduction Creating Customer Value Building Relationships Marketing, in short, refers to the promoting of business and selling products and services through market research and advertising. It is based on the concept of choosing target markets through analysis and segmentation thereby understanding its influencing prospect over consumer behaviour. This provides a link between the material requirement and economic patterns and thus satisfies the needs and wants of the consumer through the developmental exchange process (Barrett Weinstein, 2015). It has built a long term relationship providing services to an applicable audience worldwide. Marketing has standout to be the most important influencer for peoples lives. Starting from buying the goods and services, purchase storing, its effect over a communication channel including TV, Radio, Television, Internet to drawing near the potential employers who have curricle themselves to fountain their rest under the marketing scope (Harker Lam, 2014). For the employer, this has paved an exciting car eer path driving out the area of specialization and letting a continuous flow over market dealing. Marketing plays an important role in economic growth through stimulating research and new ideas, providing choices as per products, and engaging in profit and non-profit companies, it has improved the standard of living. It has broadened its theory to macro and micro marketing. Market focus takes us back to its era of evolution. It was framed taking into account its trade analysis matter, production, oriented, sales, department, company, and society (Hacioglu et al., 2012). This concept led to the formation of a coordinated and integrated manner that satisfies customer intended goals. Taking the customer value the benefit perceived by the customer is the cost that it perceives when higher price makes acceptable the benefits. Again the competition in marketing cannot be ignored as it creates a superior value to compete. Relationships are building to maintain a long term retaining. There are particular links between marketing and other functions like finance, accounting, human resource, information systems, non-profit organizations, and other social responsibilities and marketing ethics. There are global aspects that impact on competition and opportunities (Ionit, 2012). Strategic Marketing Planning This context explains the brief discussion about marketing and their implied function. It details the strategic planning of marketing, its framework, the four Ps marketing mix, few briefing theory about marketing strategy, programs and difference between international and global strategy (Kraus et al., 2012). The four Ps strategy helps in organizing framework bring detailed decisions and creates an idea to all marketing decision to work together as a whole. Planning of market requires spelling out about the offers, target market and its time, resources needed, their expected results and controlled procedures (Lam Harker, 2013). These marketing plans have a structure to their strategic defining and tactics, budget, audit control procedures. They also frame target market and segmentation and lay various objectives and goals whereas the program helps in blending the companys marketing plan into a big plan. This requires effective building up process. Identifying Marketing Opportunities This resource is context to understand the searching techniques over opportunities, the effect of competitive pressures and their macro environment influences, screening, and evaluation of market strategy opportunity, and the logic for laying planning grids and matrix. The environmental forces deal with the implementation of direct marketing and external market. The company should have its objective in order to state its mission and generics activities. It enters into the competitive situation to engage in identifying pure competition, oligopoly, monopoly, monopolistic competition (Oly Ndubisi Iftikhar, 2012). Because of the marketing ix the company can set its market and understand current competitors offering. It also anticipates the likely plans and monitors effect as per the change in competition. There are few attractive opportunities like marketing strategic planning (finding attractive opportunities), various break through (enabling innovators to develop strategies) and compe titive advantage features (target market perceives marketing mix). Basically, these opportunities are market perception, product development, market development and diversification based upon the current and new market chosen (Ruiz, 2014). Again, the opportunities are crucial to evaluate as they carry different risks based upon the types discussed. Most useful ad or methodology are generated for evaluation like SWOT analysis (concerning to identify the strength, opportunities, weaknesses, and threats). Marketing Research Information Management Here there is a brief exploration to define and solve marketing problems, gather all primary and secondary data, find out the difference between qualitative and quantitative research and its methods. In market research, there are procedures to analyze information and make a marketing decision. It also focuses on new information and can be handled inside the company or by specialists. There is little scientific market research that should be combined with strategic planning which involves developing, testing and decision-making framework. The qualitative research seeks the depth, is opening ended, provide good ideas and is important in narrowing the research problem. This utilizes the sampling method for surveying, observation, and experimentation (Oly Ndubisi Iftikhar, 2012). The MIS or Marketing Information System organised the continuous flow of gathering and analysing of information. It is purely focused to make marketing better in decision making considering the specific informa tion required and then utilising the opportunities. Market Segmentation This case discusses the role of market segmentation, its varieties in the international market, basic approaches to market-oriented strategy and discussing its positioning and perceptual mapping. Understanding the market segment requires identifying and understanding the needs of particular groups and customers. It aims at the product segmentation over knowing the population. Segmentation involves its criteria over similar responses and segmentation dimensions. Few possible segmenting dimensions are based upon the Customer relation to their geography, age, sex, family, income and education; and the situation-related based upon benefits and consumption (Kraus et al., 2012). In the case of segmenting dimension, these are relevant to product and affect the purchase of a specific product or brand. There are few examples of segmentation dimensions like the type of customer, demographics, buying situation, kind of relationship and purchasing methods. Again the approach to the computer-base d method of segmenting involves clustering, customer databases, conjoint analysis framework. Over a broad product market, they fill the segment over the single target, multi target, and combined target. These are as per the selection to homogenous segments, selecting two or more segments and developed and combined marketing mix over single and combined. References Barrett, H. and Weinstein, A., 2015. Corporate entrepreneurship, the marketing mix, and business performance. InProceedings of the 1997 Academy of Marketing Science (AMS) Annual Conference(pp. 144-150). Springer International Publishing. Harker, M. and Lam, W., 2014. Marketing and entrepreneurship: an integrated view from the entrepreneurs perspective. Hacioglu, G., Eren, S.S., Eren, M.S. and Celikkan, H., 2012. The effect of entrepreneurial marketing on firms innovative performance in Turkish SMEs.Procedia-Social and Behavioral Sciences,58, pp.871-878. Ionit, D., 2012. Entrepreneurial marketing: A new approach for challenging times.Management Marketing,7(1), p.131. Kraus, S., Filser, M., Eggers, F., Hills, G.E. and Hultman, C.M., 2012. The entrepreneurial marketing domain: a citation and co-citation analysis.Journal of Research in Marketing and Entrepreneurship,14(1), pp.6-26. Lam, W. and Harker, M.J., 2013. Marketing and entrepreneurship: An integrated view from the entrepreneur's perspective.International Small Business Journal, p.0266242613496443. Oly Ndubisi, N. and Iftikhar, K., 2012. Relationship between entrepreneurship, innovation and performance: Comparing small and medium-size enterprises.Journal of Research in Marketing and Entrepreneurship,14(2), pp.214-236. Ruiz, J., 2014. Marketing capability, entrepreneurship and organizational innovation inhotel sector.Ecorfan Journal,5(12), pp.2109-2118.