How to Encourage Economic Stability Essay Example | Topics and Well Written Essays - 500 words

How to Encourage Economic Stability - Essay Example In answering the questions above, the economy will determine what is necessary to produce in order to achieve the desired economic goals and the manner of production i.e. whether to use the labor-intensive or capital-intensive technique. After production, the goods and services must be distributed to the target group or sector of the economy. In doing this, the economist must further ensure that it promotes economic stability i.e. a situation in which the inflation rates, interest rates, unemployment rate, foreign exchange rate are all put under control. Moreover, resource allocation must promote economic growth. The government in solving the economic problems and achieving economic stability uses both fiscal and monetary policies. Fiscal policy is the use of taxation and government spending to influence economic performance whereas monetary policy entails the control of interest rates and spending to attain economic stabilization (Bidard 66). The government can use either fiscal policies or monetary policies or both in solving the economic problems. During the recession, for instance, the level of economic activity is low and the government problem will be on how to stimulate economic activities in the economy. To achieve this, the government will increase its level of spending and reduce the tax rate. This would, therefore, result in an increase in disposable income that would be invested to stir economic activity. Increased investment would lead to economic growth and increased level of employment. Similarly, the government will control the level of inflation by the use of monetary policies. In the case of high level of inflation, the government, through the central bank will increase the level of interest rates (Bidard 72). An increase in the interest rates will lower the level of economic activity and reduce the amount of spending.  Ã‚  

The meaning of Essay Example | Topics and Well Written Essays - 1250 words

The meaning of - Essay Example This research will begin with the statement that when studying at high school levels, it was evident that most of the academic papers were referred to as essays even when some of them appeared as mere articles. In addition, most United States educators refer articles or essays as term or research papers. This forms the basis of my title the â€Å"meaning of the term essay†, where I tend to explore the distinction of the term essay and other literally works such as articles. This is mostly true in the French history by essayist such as Montaigne in his pronounced use of the word essay in his literary work. The word essay has also been used to mean to examine, try, and to attempt to explain something with being sure of succeeding. The association of essay with experiments also gets its root from the same idea of attempting to explain something. Francis Bacon also attempted to emphasize the lack of empirical support of essay while attempting to establish its application in social sciences or arts. The key characteristic that draws a line or creates a distinction between essays an article depends exclusively on the writer’s assumptions, objectives, personal ideas, and style or structure of the literally material. A typical essay is not based on fixed place or a given time limit but unlike an article, it thrives on the ground of its original content. Also unlike pale articles, essays insist on good and fluent language, in fact in the most excellent essays good language is not narrowly a medium of communication, but communication on its own.