The result found that, factor and impact on household saving can be vary in many countries, where else the relationship between saving and economic growth are having differences. (Frączek, 2011) “Charles Yuji Horioka & Junmin Wan” (2007) It is an analysis of the determinants of the household saving rate using a life cycle model. Findings that household saving rate has been high and rising and that the main determinants of variations over time and over space therein are the lagged saving rate, the income growth rate. (Wan,
A new source of supply for the lodging has been the rapid growth of on-line short-term rentals such as Airbnb, VRBO, Homeway and Tripping.com. However, the impact on the hotel industry and the availability of these outlets is more variable than typical changes in supply from hotel construction and tends to be very market specific (Sec.gov, 2018). Five-forces Analysis Power of Buyers - Low. Buying hotels and real estate require a significant amount of funds. Three factors limit buyers in their acquisition (a) the switching cost is high, (b) the seller’s brand reputation is important to buyers, and (c) the collaboration with sellers to find a win-win position.
Rich VS Poor We live in the public eye today which framed of two distinct classes called the rich and poor people. There are a ton of contrasts between them which are here and there additionally alluded as those who are well off and the poor of the general public. What intends to be "Poor"? The definition. Lacking sufficient money to live at a standard considered comfortable or normal in a society, ‘they were too poor to afford a telephone’ (Oxford Dictionary 2017) The significance of Having a great deal of money or assets; wealthy, ‘a rich and famous family’, ‘every day the split between the rich and the poor widens’, (Oxford Dictionary 2017).
A high ratio generally means that the company has been aggressive in financing its growth with debt. Such capital structure is likely to result in volatility in the earnings as a result of additional interest expense. This can also said to be a measure of the gearing level of the company. The optimum level of gearing is different to specific business sectors. For example, capital intensive industries such as logistics tend to have a slightly higher long term debt/equity ratio while electronics manufacturing companies have a relatively lower ratio The company had a debt equity ratio of 2.44 in FY 2011.
There are other and more unique reasons in Hawaii that cause a much higher growth rate of homeless people compared to the steady number in most states. These causes include, rising costs in daily goods, low wages, and limited land (Bussewitz). Also, it is not easy for a homeless person to move to another state since Hawaii is an island. The minimum wage in Hawaii is $8.50. This means that an individual would have to work 140 hours a week in order to just afford a two-bedroom apartment in Honolulu.
Key to set the right price is in understanding economics. To achieve business revenue the product price multiplied by the number sold. A high price charged can end up selling fewer rooms and as result, a high revenue is denied. A low price in combination with a low number of rooms sold cannot increase your sales numbers. Pricing elasticity in hospitality is reflected by a response to price changes in the change of room demand.
Global income inequality: When compared to other nations, the U.S. is one of the richest despite the severe income gap among its own citizens. Although many U.S. citizens are classified as low-income, their wages are still a great deal higher than citizens from poorer countries. Most of the world’s top 1% live in the U.S., increasing the overall national average income. Global inequality is also seeing a decline as developing nations develop and become industrialized. In spite of growing populations, especially in underdeveloped countries, the economic growth brought on by industrialization has helped many families escape living in poverty.
The action that taken by government to overcomes the inflation in 2011 by reduce the rate of interest created house price become increase and this give benefit to the house owner for the short term but it gives burden to the public because they do not afford especially to middle income to buy house especially in urban area. When this happened it probably one of the factors Malaysia can be one of the country that facing housing bubbles problem. Income of Malaysia citizen is still far below the housing price, this will give burden to them to purchases house and the bank exposed to more credit default risk. In Malaysia, the Malaysia House Price Index (VPSD 1993) was started in 1993 and formally launched in 1997. The goal is to set up a national price index that ready to monitor the development of house costs in Malaysia and help the policymakers in defining national monetary policy as for lodging and property improvement.
This is because the minority rich get richer at the expense of the majority poor who are often employed as laborers. They thus would be unable to contribute much to the economy through spending/consumption since the minority rich are in charge of the factors of production. This can be done through favorable income tax policies so as to improve economic growth. Lower income tax increases disposable income of consumers and increases consumer spending guaranteeing the population a way of contributing to the growth of the economy. The remedies available include progressive taxation where a person is taxed depending on the rate of one’s earning, meaning the high earning are taxed higher than the low-earning workers.
On the negative side, we can stress the high cost for governments (retirement, medical expenses, and dependence). These liabilities are known but not taken into account at the present time. It is going to be a great challenge and it will hedge on public balance, debt and economic growth for a long period of time putting possibly more deflationary pressures. In the other hand, an ageing population creates large room for opportunities: strong pressure on government spending will create room for private sector to develop services and take part of the “grey business”, new services and specific age related products will have to be invented, many economic sectors will be positively impacted. The urban population will continue to grow, by 2030, almost 60% of the world 's population will live in urban areas, compared with around 53% today.