How does agriculture affect economy?
agriculture has always been one of the largest sections of our economy. our economy is a lot different from hundreds if years ago, but agriculture is still one of the largest sections of our economy. farmers all over America raise crops and livestock. our meats are sold all over the world and America already makes a lot of money just by selling to other countries. one of the best selling crops is corn and it is in lots of foods we eat. even some car companies are trying to make cars that run off of a corn based gasoline. if more companies switch to this new fuel, agriculture could be an even more important part of economy than it already is. those are just some ways agriculture effects economy. hope i helped!
Why is EU economy stagnating?
At beginning you have to divide EU in two parts.There are Germany and CEE countries which are growing at very nicely -Poland, Czech, Slovakia, Romania etc.The second part of EU are stagnating countries facing with internal headwinds-demography, labor law, enviromential restriction, labor unions, debts, social programs etc. The primary problem is inability to execute any internal policy changes even if the european internal market changed dramaticaly in last 15 years - euro currency, common trade market, internet, increased competion on foreign maarket by China….This rigidity in internal policies and well organized interest groups in fighting against any change, are primary reason why slowing or stagnation occurs in any developped country.
What does "economic dislocation" mean?
When economic conditions change as a result some workers are dislocated (displaced) and do not appear to be returning upon economic recovery, we say those people have been dislocated from the economy, in terms of employment.It usually results from layoffs and plant (or facility) closings associated with economic restructuring. They need to find a different kind of job, and that often requires that they get new training or even go back to school for a different or additional education.EXAMPLE : an assembly line worker in an Automobile industry has been dislocated/displaced due to advancements in technology and his task has now been automated, and a robot does it. Thus the new jobs available require more or different skills.Thank you!
Economy in 1901 to 1910?????????????????
Economics was very very different then. Prior to 1900 money was redeemable for gold as was silver. The Gold Standard Act made it so that just gold would be the currency backer. Similarly the Federal Reserve had not yet been created, that happened in 1913. The time between 1901 and 1910 was somewhat turbulent for economics- such as the Panic of 1907, where runs on banks occurred. Economics today is so much different than from then. With the Fed came external authority to regulate money supply, thereby controlling inflation and interest rates. Similarly the increase in authority of central banking has greatly affected the ability of an economy to "grow". Of course then the need for money wasn't the same. Sure people needed money but certainly not to pay for electric, gasoline, cell phones, etc. So what does that all mean? Probably that is hard to try and parallel the era as good or bad if you mean it in terms of today's commonly accepted recession/growth periods. Money just didn't affect people in the same way. However if I were to answer the question I'd say up until 1906 the economy was generally good. The stock market was at peaks and there were lots of businesses operating. A recession hit probably early 1907 and it gave way to the 1907 panic in October. The stock market crashed 50%, businesses closed and the runs on the banks prevented banks from lending, giving way to further bad times. Well that is why they created the Fed which was supposed to prevent that from occurring again (ahem however have you paid attention to the last 5 years of Fed policy?) So how can you say if that is good or bad? Were the years 2003-2006 really that great? Well during the times yes they were, but look at what all those 'great' times got us- today we have 10%+ unemployment, people are engulfed in credit commitments and the value of the dollar is dropping. How can you say something was great when it turns out so bad. This, unfortunately, seems to be the cycle of economics and in the bigger picture, the US economy has expanded and grown beyond what anyone could have imagine from early 1900s. So then maybe it is good? It's a tough question and worthy of debate! I hope some of this info helps you guys make a decision.
How is theology related to economics?
There is a growing field of research on the economic analysis of religion, which uses the tools and techniques of economics to better understand religious institutions and practices. The link below includes a summary that might be helpful called, "What is the economic study of religion?"
What was secularism during the Renaissance?
Prior to the Renaissance and Reformation, the Pope had overarching authority over most of the monarchs in Europe. This had led to terrible practices against women, against intellectuals (scientists, writers......) who questioned beliefs, and against anybody who dared to dissent. The horrors of the Inquisition are well documented. The Popes encouraged wars and conquests (also known as crusades) to bring in more territories and people under their control and force them to convert to the christian faith.Secularism in those days, as today, meant a separation of religion and statecraft. The monarchs or elected rulers would not have to report to the church, or meet their values. With secularism, education and science flourished, and the economies grew rapidly. Society flourished.The US has always maintained separation of state and religion ever since its founding in 1776. Many of the founders had themselves, or their families had, suffered at the hands of the church in Europe.