• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Why do political questions so often boil down to economic issues? Is it healthy?

Extracts from this document...

Introduction

*Why do political questions so often boil down to economic issues? * Is it healthy? A state is not able to function normally when there is no agreement between the two most essential factors which build this state. The first of these elements is politics. Politics is the art which consists of the ability to organize and coordinate the work of large social groups. Another important factor is economy which is the activity of fulfilling the human needs through the production , exchange and distribution of goods and services. Economy is the most important thing in the country. The most popular and powerful economic system occurring in most countries in the world is capitalism that has developed as a very efficient economic system, based on work, investment and savings. The role of the state in economic issues is very limited. The basic feature of capitalism is the adjustability of processes through the market. Since the core values of capitalism are self-interest, private property and free enterprise, the proper conditions for the development of large companies has been created. ...read more.

Middle

Children who did these shoes get only 2 dollars per day. It is not 2 dollars for every pair of shoes made, these are 2 dollars for a day of hard work, and it is known that during such a day more than one pair of shoes will be produced. Children are first who suffer the consequences of economic inequality. Europeans and Americans wear the clothes made by little children in the east, when these children, although they produce clothes, they can not afford to buy them. In 2001, 31 million American teenagers aged 12 to 19 have spent 155 billion on consumer durables. After 4 years 33,5 million American teenagers have spent 169 billion on consumer durables, which gives around 91 dollars per person, per week. If children in the east earn 2 dollars per day, it gives only 10 - 14 dollars per week, depending on how many days children work. It shows the economic differences between the second world and the third world. Employers do not pay the same salaries people in the west and east. ...read more.

Conclusion

In the United States, a place, where the large corporations have their headquarters, there has occured a phenomenon of addiction of politicans from the buisness. Corporations are powerful and rich, they have a lot of money. Nowadays money makes the world go round, therefore politicans are very intrested in large corporations. Politicans have power and corporations have money. These two things bound together give the absolute power. Politicans want to have money and power, which would enable them to improve the living standards in the country, to introduce reforms. To make people live better. Since corporations have a huge amount of cash, they have a great influence on politics. Politicans want to be in good relations with the corporations and they turn a blind eye to the things that corporations do, for exaple the exploitation of children. Is it healthy? It is very good for politics and economy to be in harmony with each other, but politics should not concentrate only on economy. Of course money is very important in the country, but there are many things that are also important. This concentration on economy causes the economic inequality, which may be profitable for some people. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Economics essays

  1. World Economics assignment. The core economic issues that are focused on in this ...

    According to the publication of European Commission, " on 8 December 2003, the EC requested consultations with India on 27 antidumping measures imposed on a variety of EC exports, including pharmaceuticals, chemicals, paper, textile and steel. The problems in the Indian cases mainly referred to the highly insufficient injury and

  2. An Investigation of Vietnam's Barriers of Economic Growth and Development

    Lowering the standard of living in Vietnam. As mentioned above, the bureaucracy of official procedures stops the country from building the roads, power stations and other public works due to the slow speed at which such changes take effect. These factors are needed to maintain efficient production of goods and services and, hence, growth rate.

  1. Economics Extended Essay - To what extent has the market for paintings in South ...

    the quantity demanded of a good to a change in its price. If the absolute value of the elasticity of a good is greater than 1, then the good is price elastic. Price elasticity of a good depends on various factors: substitutes of the goods, percentage of income and necessity.

  2. An analysis of why economic sanctions are good

    that way so he may well strike back escalating towards full scale war. At the other extreme your actions my push a country towards falling apart and becoming a failed state. Yes it provides a very powerful tool for changing a state's behavior- but most people would believe that it

  1. Equal rights for women in labour market in Lithuania

    stay at home, with children while men should meet their needs and provide the family with amenities. So the main question of this paper is: to what extent do women have equal rights with men in labour market in Lithuania?

  2. Growth and Development Problem Set - IB Economics exam questions and answers.

    (Total 25 marks) 2. (a) Measurement of national income in an economy is very important because it gives an estimation of the welfare of the economy. National income is the total of the value of the goods and the services which are produced in an economy during a given time period (usually 1 year).

  1. 15 Historical Economic Questions on Mercatilism and the Development of European Countries.

    Cargo on board frequently disappeared altogether during these trips. This risk that was seen in the operation attracted many wealthy investors of which were interested in getting involved. The risk brought these wealthy merchants together in an effort to splice the risk into many small fractions of equity in the venture called stock.

  2. What are the stages in economic development? Discuss this in reference to at ...

    and exports are certainly exemplary in boosting the economy of a country. It gives rise to the age of technology. People are skilled in all the fields and dimensions-be it computers, scientific research or engineering.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work