The national unemployment rate fell to 4.4 percent in October the lowest level of unemployment since May 2001. This is a sign of unexpected strength in the job market. [The unemployment rate is based on a survey of households‚ rather than the survey of employers used to calculate the payroll number. Unemployment does not include full-time students‚ the retired‚ children‚ or those not actively looking for a paying job.] The unemployment level is defined as the labor force minus the number of people
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education‚ health‚ and power‚ to mention few. Some scholars argue that increase in government expenditure on socio-economic and physical infrastructures encourages economic growth. For example‚ government expenditure on health and education raises the productivity of labour and increase the growth of national output. Similarly‚ expenditure on infrastructure such as roads‚ communications‚ power‚ etc‚ reduces production costs‚ increases private sector investment and profitability of firms‚ thus fostering
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Lower education rates will raise recidivism rates because many prisoners who lack education and re-enter society will not be self-sufficient as education provides the basis for employment. Heather Ongley Lorena Quintero Amanda Winter Darren Robinson CJA/334 Philip Russo September 17‚ 2012 Introduction Before understanding the research to be conducted‚ one must understand the who‚ what‚ when‚ and why of the issue. Many people know and understand that with a better education they will
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The meaning of crime A crime can be defined as any act or omission of duty that results in harm to society and which is punishable by the state. You should take particular note of the fact that a crime‚ by definition‚ harms society as a whole. For this reason‚ while not undermining the impact that crimes have on particular victims‚ crimes are prosecuted by the state‚ i.e. it is not the role of the victim to prosecute the person(s) committing the crime. Accordingly‚ criminal cases in Australia
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Legal Studies Part I – Crime 1. The Nature Of Crime The Meaning of Crime A crime is defined as “any act or omission of duty that results in harm to society‚ and which is punishable by the state” The Elements of Crime: Actus Reus‚ Mens Rea There are two elements which must be present for a ‘crime’ to be committed: 1. Actus Reus: The Guilty Act – The act is carried out or performed‚ or an omission of an act which should have been done takes place. 2. Mens Rea: The Guilty Mind – Intent
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CHAPTER 4 (MANKIW) INFLATION RATES AND INTEREST RATES: THE FISHER EQUATION NOTES by: Chadia Mathurin Economists differentiate between real and nominal interest rates where: real interest: is defined as the increase or decrease in a consumer’s purchasing power experienced as a result of changes in the interest rate. nominal interest: is defined as the interest payed by the bank. Let: i denote the nominal interest rate r the real interest rate pi ‚ the inflation rate The equation for the
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If the minimum wage increases‚ it doesn’t necessarily mean that the economy will get better or our standards of living will be better. If wages go up‚ then the cost of living will also increase. Some statistics have proven why the rise of the minimum wage will cause more issues. As the minimum wage increases‚ the unemployment rate will increase. As well‚ there is an enormous potential of causing small business to collapse due to higher salaries and the inability to afford them. Machines would replace
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be defined as the number of people (of working age) who are willing and available to work at current wage rates‚ but not currently employed • Unemployment rate: the percentage of the labour force without a job but registered as being willing and available for work • Labour force: those people holding a job or registered as being willing and available for work • Participation rate: the percentage of the population of working age declaring themselves to be in the labour force TYPES
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ON THE ECONOMICS OF ORGANIZED CRIME By Vimal Kumar and Stergios Skaperdas Department of Economics University of California‚ Irvine Irvine‚ CA 92697 Revised: February 13‚ 2008 Prepared for inclusion in: Garoupa‚ Nuno (ed.)‚ Criminal Law and Economics ABSTRACT: The core function of organized crime is the selling of protection. Protection can be real‚ against third-party crime‚ or manufactured by the organized crime groups themselves. Mafias and gangs emerge in areas of weak state control‚ because
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cities now face is crime. What are the most effective measures to tackle crime in urban areas NumWord 343 The rapid pace of urbanization is often associated with a high level of crime and violence. The greater concentration of wealthier victims (persons‚ banks‚ houses‚ etc.) makes the urban areas attractive for the criminal-prone individuals and potential offenders. The search of the most effective way to tackle crime depends on what do we prefer - to react or to prevent crime. The traditional approach
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