Chapter 2
ECONOMIC ANALYSIS
This chapter centred on the economic situation in Kenya as higher growth rate when it comes to microeconomic stability and credible policies. The company try to determine and understand the economic ideas by analysing how effective will be the company to increase the investment, decrease the poverty and improving shared success.
I. INTRODUCTION
Kenya has one of the opened for investments in the world, and has a lot of dilemma that the country is facing off. The company put up a business in Kenya for us to help Kenyatta people to lessen poverty, enjoy and experience the things which they deserve to have better life. And promote telecommunication and improve its stability to reach and help the investors in terms of communication in a fastest ways.
Kenya’s economic is still progressing at a supported rate to strong household consumption and investment. The government encourage all investors, private capital and foreign capital to contribute to the promotion, development and improving the infrastructures, and making Kenya most attractive tourist destination. Kenya wants to create a powerful purchasing house hold and to increase the source of income of Kenyatta people.
The company also help the Kenyatta to have an active plan to emphasis fastest connection with regards of
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The group of dollar millionaires was the one highlighting the huge inequality between the rich and the poor. Two-third of Kenya’s $50 billion economy is controlled by a tiny group of super wealthy individuals. A diminutive group of 105 of these super affluent Kenyans own about fifth of the country’s gross domestic product, which each of them lying claim about $93 million in averaged. Each of Kenyan’s 42 million citizens would earn $2,158 annually were total income distributed equipollent, but that is unlikely to transpire any time as soon as the opulent perpetuate to get richer, spreading the gap between them and the
Wealth has formed an enormous gap in the society. As a country, the people are as separated as oil and water. “The wealthy class is becoming more wealthy; but the poorer class is becoming more dependent. Social contrasts are becoming sharper” (Doc A), to distinguish the poor from the rich has become extremely effortless.
(1) In “America’s Wealth Gap ‘Unsustainable’ According to Harvard Study” (September 8th, 2014), Richard Valdmanis acknowledges THAT the economic gap between the richest and its middle and lower classes is accumulating and numerous people are affected by this dilemma. (2) Valdmanis supports his acknowledgement by referring to the study done by Harvard Business School on surveying the effects of the gap on people, economy, and institutions; moreover on how it affects the hope of thriving citizens and struggling citizens to their extremes. (3) Valdmanis’s motive is to present and describe the dilemmas and effects the economic gap has caused on the society and economy IN ORDER for the readers to recognize the crisis and get an idea of what is
Four hundred American billionaires own two trillion dollars, as much as the one hundred and fifty million Americans on the very bottom. The top one percent of the richest American own one fifth of the nation’s total income. Similar to the Gilded Age, people who do business and live in urban centers earn much more money than who do not. The unprecedented technological innovation cause the production easier and faster, which renders the employers benefits. Also, the economy gives huge advantage to those who control lots of money, causing the economic disparity even deeper and promoting the appearance of the “Robber Barons,” unscrupulous businessmen who achieve monopolies in their
Economics is concentrated around the production, consumption, and transfer of wealth in a certain country. Within America alone, economics is a widely debated topic as well as a substantial matter in political debate. Trickle down economics gained popularity in the United States in the 1980s during the Reagan Administration, it is essentially an economic principle that advocates reducing tax on the wealthy as a means to encourage business investment in the short term. In Chaos or Community, author, Holly Sklar explores the wealth and poverty rates, not only in America, but also globally. Although it is notable that this article is not as formal as most, it still holds a considerable amount of factual information as well as providing the interested audience with cartoons and quantitative tables.
The rich use tactics to gain the support of the middle class, but without losing any of their own riches, like wealth or power, for their own gain. It was at the cost of the “slaves, Indians, and poor whites” (Zinn 1). It spared the rich any expenses, but brought them much gain, from the support. Finally, the growth of the colonies positively impacted the rich as well, as they received the profits and benefits from the expansions. With one percent of property owners owning forty four percent of the wealth, it shows how the majority of the wealth was given to the rich, and not distributed among the other classes at all, deepening the division.
Wealth, race, gender, and mental illness has torn society apart and lead to inequality. These major reasons for inequality has affected everyone in its path leading to major consequences as well as issues and problems. In China, a new found wealth has left the social classes more divided and issues are beginning to rise. Meanwhile in the U.S., wealth is destroying students and unequal views toward specific types of people are weakening the patriotic bond. To begin, there are many types and factors that play a part in inequality and the consequences of societies from it, but one of the main reasons and apparent factors is wealth.
As outlined in chapter 10 of the course text, inequality in housing and wealth is a major problem. The United States is described to be the most unequal countries in the western hemisphere. But with the inequalities when it comes to wealth, the United States is one of the richest countries in the world. Wealth is the sum total of a person’s assets. These assets include, cash in the bank and value of all properties, not only land but houses, cars, stocks, and bonds, and retirements savings.
The meaning of the free enterprise on trial means to achieve success by hardwork and taking risks. In his book, “From beyond Outrage”, Robert Reich speaks about how wealth is concentrated among the top wealthiest people in American leading to a wide gap between the rich and poor by increasing inequalities in income. This has not only disgusted Reich, but he is outraged too with the statistics that suggest how the top rich Americans are only getting richer, while those at the bottom of the line are suffering. The inequality gap has grown consistently over the years in America making more than half of the public change their opinion about the wealthy families in U.S. People now believe that those with money need to be taxed heavily and there should be an equal re-distribution of wealth.
Heidi De La Paz Professor Kaluzhski English 120 September 7, 2016 In the essay “ Show Me The Money”; Walter Mosley informs his readers about the uneven distribution of wealth in America and the discrimination that the working class has to face everyday. He states that it is wrong to look down on people and place judgment on them because of the amount of education and wealth they might have. Mosley goes on to tell us that we all deserve to live comfortable lives regardless of our social or economic class. In conclusion Mosley states that wealth should not define who we are and that we should all be treated equal that way we can all have equal opportunities to try to make it in this world.
1. Introduction Income inequality has grown significantly during this past decades and this phenomenon continues to increase over the years. This problem is constantly discussed in the daily news all around the world. Several consequences of this increase of inequality between people leads to economic problems such as high unemployment rates, lack of work for young people, fall of demand for certain product. The gap between rich and poor is increasing, the rich are richer and the poor are poorer as a result politicians and economists try to adopt certain policies in order to reduce this gap.
In Harrison Bergeron, depicts a society in which everyone is physically, socially, and mentally equal. Throughout the history of our nation, Americans have sought gender, socioeconomic, and racial equality. Equality can be interpreted in various ways. The ambition of numerous societies throughout human history has been to establish their freedom and equality. Gender, race and socio-economic form the experience of all people.
Wealth and Inequality in America Inequality The inequality in America has increased over time; the gap between the rich and the poor has become a problem that many Americans don’t see. Inequality is the extent of income which is distributed unequally among the citizenry. The inequality of the United has a large gap between the poor and the rich making it unfair to the population, the rich are becoming wealthier and the poor remain poor. The article “Of the 1%, By the 1%, For the 1%”, authored by Joseph E. Stiglitz describes that there is a 1 percent amount of American’s who are consuming about a quarter of the United States income in a year.
In Toni Morrison’s Song of Solomon and in Ron Rash’s short stories Blackberries In June and Speckled Trout, there are themes of wealth disparity and how it affects people. More specifically, most of the characters can be divided up into two groups; those who are wealthy and those who are not. Poorer individuals tend to view those who are wealthy as arrogant, out of touch or greedy. However, they also aspire to become rich themselves or at least be perceived as such.
Introduction All over the world, there is an obvious contrast between the living standards and lifestyle of the rich and the poor. Moreover, there is a large gap between the populations of poor and wealthy. This is known as the Wealth Gap, and it is caused by Wealth Inequality. Wealth Income/Inequality is defined as “The unequal distribution of assets within a population.” Wealth is defined as more than just the amount of income a person has, but instead the value of a person’s assets.
Unemployment in Kenya is attributed to a number of factors that include: rapid growth of the population and the labour force, skill mismatch, information problems in the labour market, structural adjustment programs, slow or declining economic growth, and the labour market setup, among others. High population growth rate in Kenya has resulted in a relatively young population and a large population of youth in the population of the working age (Njonjo, 2010). This increase in the youthful population and increasing labour force has led to labour supply outstripping demand. Consequently, unemployment, especially among the youth, has surged. In particular, high population growth has resulted in higher levels of unemployment.