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Identifying and eliminating unnecessary expenses
How to negotiate better deals
Understanding the importance of saving
Trade Deficits and Economic Growth
There is no clear link between trade deficits and economic growth because even if a country has a strong trade surplus does not equate to strong economic growth, take for example Japan and Germany.
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Trade Deficits and Employment
Economists argue on the broad impact of trade deficits on employment. Some argue for the connotation that imports necessarily reduce employment at home while others point to offsetting job growth in other sectors through the same trade ties.
10
66 reads
Trade Deficits
Trade Deficits happen when the value of a country's imports exceeds the value of its exports. The imports and exports include goods, physical products, and services.
It's not inherently good or bad but trade deficits can actually be a sign of a strong economy and under certain conditions c...
12
139 reads
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Trade Deficits
Trade Deficits happen when the value of a country's imports exceeds the value of its exports. The imports and exports include goods, physical products, and services.
It's not inherently good or bad but trade deficits can actually be a sign of a strong economy and under certain conditions c...
Trade-offs and Life Values
Trade-offs are not something as simple as flipping a coin. Our values guide us towards what we want in life, and it is not the same for all. Example: Buying a house has a trade-off of mortgage for the next ten or more years. This is subjective and depends on what we value in life.
Indecisi...
Comparative Advantage: Rules, Regulations and Restrictions
Governments around the world impose rules, regulations and restrictions like:
- Tariffs
- Selective trade agreements.
- Lobbying and rent-seeking to protect a country's interests.
- Tax breaks and special deals
- Sanctions
These practices e...
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