• 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 ...

    Analysis on Element 5 Trade barriers are constraints that tend to hinder the motivation to engage in the importing or exporting of goods(8). There are two types of barriers that a government can employ, which are Tariff barriers and Non-Tariff barriers.

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

    Particularly, the lack of road systems hinders economic development, as it is difficult for citizens to gain access to different areas of the country. Cultural Factors Initially an agriculture-based economy, Vietnam depends on seafood and rice as main exports for the country.

  1. An analysis of why economic sanctions are good

    is not worth keeping the possibility of military action while getting rid of sanctions. Get rid of both and you essentially have no stick at all. States do not always respond to carrots - you need to provide a big enough carrot that they can forgo a national interest after all.

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

    * Services of volunteers and self provided services are not accounted for when calculating national income. * The government can easily manipulate the national income figures. * There is no common method of calculation and different countries use different methods and policies in calculating national income.

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

    According the data I collected speculators could only expect around a 5% rate of return on their investments on a painting of a master artist. Speculators felt that the rate of return was too low and so they chose to stay away from master artists.

  2. Old IB Questions

    It would be very difficult to engage in a "new product war" as opposed to a price war, in which price cuts can be very quickly matched or exceeded by rival firms. Also, firms in oligopoly can emerge with other firms to increase its share of the market.

  1. The role of MNC headquarter

    By doing so, having both the local and global responsibility, the headquarter can easily lose focus. It is very hard to have equally focus on the global and local needs, as the headquarter can not be present in every single local market.

  2. 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.

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