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What Is Frictional Unemployment?

Frictional unemployment is also sometimes referred to as search unemployment. It refers to the unemployed period when people are between jobs or looking for their first job. This is the one type of unemployment that is probably impossible to eradicate completely. It is far less serious than the chronic lack of work that some people are faced with. In a lot of instances frictional unemployment will be voluntary because people are trying to find the work that offers them the best pay and conditions.

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Top 5 Best Economic Issues Books Reviewed

Economic issues are of relevance to a lot of people. Some individuals will have an academic interest in the topic while for others it will be more practical concerns that will attract them to this topic. Of course, there are also many of us who just enjoy finding out more about this topic. There are many texts available on this topic but here are the top 5 best economic issues books reviewed.

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What is Selective Distribution?

In the business world, the name of the game is making money. The more sales you have the higher the chances that you are making a profit. Although getting your product out into the marketplace and selling as much as possible is a worthy business strategy, it sometimes happens that there is too much competition in that market segment to justify the amount of effort you’re putting in to sell your goods/services.

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What is Economic Sustainability?

There are many factors that influence the economic sustainability of a country. Before you can even begin to think about sustainability, however, you need to consider a definition of both economic and sustainability. These definitions will guide you through the issues that countries have to face in order to obtain economic sustainability.

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What is a White Paper?

When government or an organization faces a particular problem, a white paper is written to discuss the issue and propose a specific course of action. A white paper is usually in the form of a report and has many contributors to its contents.

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What Is PPP or Purchasing Power Parity?

When dealing with different currencies it is important to be able to determine the relative value of each of them. Purchasing power parity (PPP) is a method for determining this comparative value. The theory behind PPP has been around since sixteenth century. It is based on the idea that if markets are effective, there will be the same price for items even if they are in different geographical locations – this is called the law of one price. Where differences do occur in price it can be due to barriers in trade and taxes. In reality there can be a huge difference between the prices of goods in different countries. These prices will also be impacted by things like level of supply and demand. Read the rest of this entry »

What is Dependency Theory?

Dependency theory has been put forward by social science theorists in an attempt to explain how developed and developing nations affect each other. It implies that the resources flow from poorer countries to the wealthier countries. It is viewed as an opposing view to the notion of a free market economy as it points out deficiencies in that system. This theory has been highly influenced by the work of Hans Singer and Raul Prebisch.

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Top 5 Best International Business Books Reviewed

International business has become increasingly important as more companies attempt to become global entities. It does feel like the world has become a lot smaller in the last few decades with the rise of multinationals and improved communications technology. There is a lot of interest in international business and there have been some good books written to satisfy this curiosity. Here are what we think are the top 5 best international business books reviewed.

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