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If the home country imposes a 20% tariff on shoes, but no tariff on leather, shoes would sell for $180 in the home country, and the value added for the domestic shoe maker would increase by $30, from $50 to $80. The domestic shoe maker is afforded a 60% effective rate of protection per dollar of value added.
In Latin America, there is an abundant number of workers to help out with domestic work, and consequently, domestic service is cheap, diminishing the family tensions surrounding the issue of domestic work. Currently, about half of the working population is employed in the informal sector, leading to "unemployment, underemployment, and social ...
Unpaid domestic work has a positive effect on a state's budget. [1] Unpaid domestic work is typically the type of work that a state would provide for its citizens if family members were not already providing for their family. [1] This includes things like child care, elder care, medical care, and nutrition. [1]
Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Household economics analyses all the decisions made by a household. These analyses are both at the microeconomic and macroeconomic level. This field analyses the structures of households, the behavior of family members, and their broader influence on society, including: household consumption, division of labour within the household, allocation of time to household production, marriage, divorce ...
Text about domestic labor expectations in a relationship, advising independence and equal responsibility. Text comment discussing a man used to women doing all domestic labor, questioning if he's ...
One conceptual construct for representing flows of all economic transactions that take place in an economy is a social accounting matrix with accounts in each respective row-column entry. [ 4 ] National accounting has developed in tandem with macroeconomics from the 1930s with its relation of aggregate demand to total output through interaction ...