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In economics, fiscal policy is the use of government spending and revenue collection to influence the economy. Fiscal policy can be contrasted with the other main type of economic policy,monetary policy , which attempts to stabilize the economy by controlling interest rates and the supply of money. The two main instruments of fiscal policy are government spending and taxation. Changes in the level and composition of taxation and government spending can impact on the following variables in the economy: * Aggregate demand and the level of economic activity; * The pattern of resource allocation; * The distribution of income. Fiscal policy refers to the overall effect of the budget outcome on economic activity. The three possible stances of fiscal policy are neutral, expansionary and contractionary: * A neutral stance of fiscal policy implies a balanced budget where G = T (Government spending = Tax revenue). Government spending is fully funded by tax revenue and overall the budget outcome has a neutral effect on the level of economic activity. * An expansionary stance of fiscal policy involves a net increase in government spending (G > T) through rises in government spending or a fall in taxation revenue or a combination of the two. This will lead to a larger budget deficit or a smaller budget surplus than the government previously had, or a deficit if the government previously had a balanced budget. Expansionary fiscal policy is usually associated with a budget deficit. * A contractionary fiscal policy (G < T) occurs when net government spending is reduced either through higher taxation revenue or reduced government spending or a combination of the two. This would lead to a lower budget deficit or a larger surplus than the government previously had, or a surplus if the government previously had a balanced budget. Contractionary fiscal policy is usually associated with a surplus. Fiscal policy was invented by John Maynard Keynes in the 1930s.
Three companies that have take a defensive stance to social responsibility are R.J.Reynolds,Walmart,and BP.Social responsibility is an ethical or ideological theory meaning that business should act beneficently.Cha Cha!
A country whose economy is based partly on public undertakings(socialist welfare policies) and partly on private enterprise(capitalist policies) is said to have a mixed economy.India could be perfect example in this case as the system encourages growth both in the public as well as the private sectors. With respect to India, the reason behind their economic stance is that they were politically alligned both with the then captalist(United States) as well as the socialist(Russia/formerly U.S.S.R) powers.
disciplined illectual criticism
Since the question does not directly specify what context is meant, we need to take a general stance by using examples. What are political factors? They include an unbalanced political situation in a country (caused by war for instance or a revolution), or international sanctions (like in Iran and North Korea). Economic factors are related to sanctions and war -- basically economic and political factors usually go hand in hand. International buyers are probably the people who import and export products and services from and to countries. Logically, an unfovarable economic and political situation would lead to less trade. International buyers wouldn't be able to carry out their job properly and thus it will be a disadvantage to their businesses.
Economic costs are too high.
They are no longer manufactured.
Deficit can be reduced over a period of time...NOT at the expense of the economy.
Clinton focused on economic and social opportunity
Taft was a conservative Republican who was opposed to socialism.
name three companies that are denfensive stance,accommodating stance and proactive stance
what is a objective stance
In economics, fiscal policy is the use of government spending and revenue collection to influence the economy. Fiscal policy can be contrasted with the other main type of economic policy,monetary policy , which attempts to stabilize the economy by controlling interest rates and the supply of money. The two main instruments of fiscal policy are government spending and taxation. Changes in the level and composition of taxation and government spending can impact on the following variables in the economy: * Aggregate demand and the level of economic activity; * The pattern of resource allocation; * The distribution of income. Fiscal policy refers to the overall effect of the budget outcome on economic activity. The three possible stances of fiscal policy are neutral, expansionary and contractionary: * A neutral stance of fiscal policy implies a balanced budget where G = T (Government spending = Tax revenue). Government spending is fully funded by tax revenue and overall the budget outcome has a neutral effect on the level of economic activity. * An expansionary stance of fiscal policy involves a net increase in government spending (G > T) through rises in government spending or a fall in taxation revenue or a combination of the two. This will lead to a larger budget deficit or a smaller budget surplus than the government previously had, or a deficit if the government previously had a balanced budget. Expansionary fiscal policy is usually associated with a budget deficit. * A contractionary fiscal policy (G < T) occurs when net government spending is reduced either through higher taxation revenue or reduced government spending or a combination of the two. This would lead to a lower budget deficit or a larger surplus than the government previously had, or a surplus if the government previously had a balanced budget. Contractionary fiscal policy is usually associated with a surplus. Fiscal policy was invented by John Maynard Keynes in the 1930s.
Yes. Unlike more mature economies like the United States or Germany, Mexico is still considered a developing country. Although during the last decades it has improved its economic stance and nowadays foreign debt vs. GDP ratio is relatively low (USD 354.9 billion / 1,327 billion = 26.7%), any external shock may quickly become a big economic crisis.
a stance is like having a answer to an opinion
The Federal Open Market Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.
No the swan stance does not come from the Karate Kid. There is no swan stance. What you are probably thinking of is the Crane Stance that is used in the Karate Kid. It is actually seldom seen in karate and is a Kung fu stance.