Credit crunch explained Tejvan Pettinger The credit crunch refers to a sudden shortage of funds for lending, leading to a decline in loans available. A credit crunch can occur for various reasons: Sudden increase in interest rates (e.g. in 1992, UK government increased rates to 15%) Direct...
Tejvan Pettinger The savings ratio a big determinant of economic activity. Consumer spending accounts for 63% of GDP – dwarfing other areas, such as government spending, investment and exports. A rise in the savings ratio can have a very significant impact on economic activity. A blogger, mentioned a minister,...
Tejvan Pettinger Different models of economic growth stress alternative causes of economic growth. The principal theories of economic growth include: Mercantilism – Wealth of a nation determined by accumulation of gold and running trade surplus Classical theory – Adam Smith placed emphasis on the role of...
The Tortoise Economy Tejvan Pettinger A tortoise economy refers to an economy that is barely growing – either economic growth is stagnant or growth is very slow. In particular, it has been used to describe a sluggish recovery from recession. In the aftermath of the great recession –...
Relationship between stock market and economy Tejvan Pettinger Readers Question: What’s the relationship between a countries economy and it’s stock market? Is it always true that the stock market reflects a country’s economic conditions? Generally speaking, the stock market will reflect the economic conditions of an economy. If...
Balance of Payments The Balance of Payments is a record of a country’s transactions with the rest of the world. It shows the receipts from trade. It consists of the current and financial account UK current account 1955-2015 1. Current account This is a record of all payments for...
मुकेश असीम साल 2018 का अन्त इन ख़बरों के साथ हुआ है कि विश्व पूँजीवाद के निरन्तर जारी आर्थिक संकट में तेज़ी व ध्वंस का एक और दौर आने ही वाला है। साथ ही, पूँजीवादी व्यवस्था के संकट की धुरी भी अब पूरब की ओर बढ़...
Environmental sustainability – definition and issue Tejvan Pettinger Environmental sustainability is concerned with whether environmental resources will be protected and maintained for future generations. Environmental sustainability is concerned with issues such as: Long-term health of ecosystems. Protecting the long-term productivity and health of resources to meet future economic...
Who are the winners and losers from inflation? Tejvan Pettinger inflation Inflation is a continues rise in the price level. Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: inflation will hurt those who keep cash savings and workers who have...
#schoolofeconomics Tejvan Pettinger uk economy The UK national debt is the total amount of money the British government owes to the private sector and other purchasers of UK gilts. In Nov 2018, UK public sector net debt was£1,7951.3 billion equivalent to 83.9% of GDP Source: [1. ONS public sector finances,- HF6X]...