Category: Economic Growth

With a population of 32.7 million, Malaysia is a multi-ethnic religious nation, distinguished primarily by three major ethnic groups: Malay and indigenous people, Chinese, and Indians. Malaysia has been effectively converting itself from a poor nation into a middle-income country since its independence in 1957. Despite difficult external factors, the economy of Malaysia has shown…

In recent years, there has been a growing trend that people tend to buy things on the Internet. This presents both pros and cons, however, in my opinion, its benefits are much more significant than the drawbacks. On the one hand, shopping online brings consumers some disadvantages. Initially, since people are unable to touch or…

The United Kingdom is the greatest example of how industrial revolution impacted the countrys economic growth. It is a well-known fact that the building of various factories and manufacturing stations on the island started back in the 1830s. Since then, the UK was one of the greatest economies in the entire world. It appears that…

Table of Contents Working Class During the Early Industrial Revolution European Society During the Industrial Revolution Criticism of Capitalism Works Cited Working Class During the Early Industrial Revolution Despite urbanization and higher wages, the standards of living of the working class were deficient during the early years of the revolution (Hartwell 20). The workers had…

The Industrial Revolution profoundly changed the world, all aspects of economics, society, politics, and other aspects. Industrialism drastically changed all aspects of production, allowing the establishment of mass production of goods and the invention of new methods of both production and agriculture. Technological developments and innovations changed how everything was done, from the production of…

Social injustice has adverse effects in the life that people lead in a given society. It also contributes to causes of diseases that affect the people and determines how long they live. It is alarming to watch the rates of advancement in healthcare in some parts of the world while in other parts it is…

Conceptual/Theoretical Model In most countries, particularly in developing nations, tourism is one of the significant sources of revenue and the main contributor to economic growth. Tourism also plays a vital role in promoting economic growth by contributing to the gross domestic product (GDP) (Shih and Do 2016, 371-372). East Timor (also known as Timor-Leste) is…

Conceptual/Theoretical Model In most countries, particularly in developing nations, tourism is one of the significant sources of revenue and the main contributor to economic growth. Tourism also plays a vital role in promoting economic growth by contributing to the gross domestic product (GDP) (Shih and Do 2016, 371-372). East Timor (also known as Timor-Leste) is…

Table of Contents Problem Statement Significance of the Study Methodology Findings Critical Evaluation Relationship to Topic Reference Problem Statement According to Coates & Humphreys (2003), the body of literature shows that the sporting facilities do not support the economic growth of the urban environments within their vicinity. In essence, some studies suggest that there is…

Table of Contents What is GDP? Limitations of GDP Price Index Change Measurement The Importance of Business Cycle The Labor Force Participation Rate References What is GDP? Gross domestic product (GDP) is a measure of the value of all services and goods produced in a certain period of time. If GDP is negative, the contraction…