3.3 Application of Economic Power

This page is part of the Repository Contents Listing

3.3.1      Economic Regulations

3.3.2      Supply and Demand for Materials, Goods and Services

3.3.3      The Labour Market

3.3.3.1   Supply and Demand for Workers, and the Impact of Productivity
3.3.3.2   The Strength of an Employee’s Bargaining Position
3.3.3.3   Minimum Wage Policies

3.3.4      Financial Markets

3.3.4.1   Investment Risk and Interest Rates
3.3.4.2   The Exploitative Aspect of the Financial Services Industry
3.3.4.3   Price Bubbles and the 2007-8 Financial Crisis
3.3.4.4   Measures to Reduce the Impact of Financial Instability
3.3.4.5   The Power of Lenders

3.3.5      Deviations from the Classical Economic Model

3.3.6      Government Control of Markets

3.3.7      Tactical Political Manipulation of Economic Power

3.3.7.1   Tactical Intervention to Support an Industry or Region
3.3.7.2   International Economic Inducements and Sanctions

3.3.8      Macroeconomic Management and the Role of Central Banks

3.3.8.1   Managing Government Spending, Taxation and Borrowing
3.3.8.2   Responding to the Economic Cycle with a Stimulus
3.3.8.3   Inflation
3.3.8.4   Balance of Trade and Currency Exchange Rates

3.3.9      Economic Pressures on Governments

3.3.9.1   A Government’s Need to Deliver Economic Satisfaction
3.3.9.2   The Difficulty of Assigning Economic Responsibility

Comment: