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Population Graph
This graph demonstrates that the a population of Hong Kong is slow as there is a large proportion are from the working population, roughly at the age of 20-65. The shape of the graph shows that it has a narrow base meaning Hong Kong has low birth rates and a slow population growth.

PopulationPyramid.net (n.d.). Population Pyramids of the World from 1950 to 2100. PopulationPyramid.net. Retrieved from https://www.populationpyramid.net/en/china-hong-kong-sar/2017/

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Video in News link
The role of labour changing occupation in the workplace can be seen in the change of technological development. An example of this technological development is Mcdonald's providing self serving machines to customers for a fast and convenient service. As Operation consultant Gary Whitehead states that transformation is needed “because [it offers] customers more choice and fast service.” (Wright,2015) and since technology is constantly being used in today’s society and is part of today’s lifestyle.This sort of unemployment can be recognized to be caused by technological change, rather than fluctuations in supply or demand. This means that employees decrease will technology increases.
Jade Wright (20 Oct. 2015.). See inside Britain's first modern McDonald's. mirror. Retrieved from http://www.mirror.co.uk/news/uk-news/see-inside-modern-mcdonalds-touchscreens-6668333

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I learnt that in the economic way of thinking  opportunity cost  is the process of giving something as important for something else, like in the article where the farmers gave away their land for solar powered plants which is equivalent to the income they could be earning farming on their land. This demonstrates the opportunity cost of the customers.In an economic system, i learnt that government system can either hinder the country's growth or enhance their growth like in North Korea. they have the potential of growing but are hindered because of the command economic style. In a Market Structure, A technological monopoly patents are used to gain a competitive edge in the market and also serves as a potential growth for GDP as it creates jobs in the manufacturing sectors leading to an economic growth of the country. In the role of labour I learnt that many businesses need to adapt to the new developing technology in order to provide the customers with more efficient and convenient service. Businesses like Mcdonald's and starbucks are good examples of businesses changing into technology; since starbucks uses their app for them to order ahead of time and pick up their coffee for efficiency while Mcdonald's uses self ordering machines to create an efficient and convenient service for customers. In economic indicators  and measurements, i learnt that when trying to decrease inflation rate; increasing taxes and implement new government regulations are required to help a country's economy grow like in india. In Facing Economic Challenges, Poverty rate are higher in undeveloped countries than in a developed country because they lack the education to invest in foreign investments. This demonstrates that education and the poverty rate has a correlation between the developed and undeveloped. In the federal Reserve and monetary policy, I learnt that government uses contractionary policy to control the inflation the country by using a plan and reducing money supply. In issues of economic development, I realised that the poverty rate, GDP, Healthcare and life expectancy are all correlated to whether the country is developed or not; poverty rate are connected because in a developed country healthcare and GDP  are much higher than in an undeveloped country this is because they are focused in the service industry while in the developing country they are focusing in the agricultural industry making their GDP Low. this brings us to the fact that the life expectancy is much higher in a developed country than in an undeveloped country.In a personal finance, when keeping a good credit results by making a budget to account for all your expenses to help determine a fixed and flexible expense. In a population pyramid, I learnt that like Hong Kong’s population pyramid a rocket like shaped means that there is more  there is more working class meaning that the government needs to invest in retirement funds since most of the working class will be retiring. overall i believe that this class also taught me how to become a great economist.

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Blog
The technological Monopoly of Sony can be seen with their new portable handheld system.  Technological Monopoly means that you obtain full property right on the invention or process for certain number of years (patent) According to Digital Trends, “This Patent of the new Sony portable handheld system comes as a major surprise” (Khan, 2017)which brings them a competitive edge in the market since no-one can copy their design until the patent finishes that bring them a “Positive buzz and excitement around the switch…. [to enter]the highly competitive mobile market Pie.”(Khan, 2017)

Imad Khan (19 Feb. 2017.). Sony files patent for new handheld that looks a lot like a Nintendo Switch. Digital Trends. Retrieved from https://www.digitaltrends.com/gaming/sony-handheld-patent-switch/

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Youtube Link
According to the video, “A budget is a plan to identify your savings and your expenditures; as it determines your income, tracks your expense and categorizes expense to determine fixed and flexible expenses.”(2013) This would help the person Increase your credit report as it provides potential financial investors an idea of whether you would pay off your debt on time or not. Therefore, everyone so increase their credit rating so that it would be easier for financial bureau to loan money.
YouTube, Boone Wealth Advisors, LLC (30 Jul. 2013.). What are Credit Reports and Credit Scores?. YouTube. Retrieved from https://www.youtube.com/watch?v=iCTxlUTAhBg

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What are Credit Reports and Credit Scores?

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Credit reports and credit scores are fully explained in this fast-paced video. Learn how to get your credit information and how to improve your credit score so you can prepare to get a home loan with the best interest rates.

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Youtube Link
According to the bnbalenda, “developed nations and life expectancy has a correlation because of their high standards of living.” For example, “France has universal healthcare which is financed by the government, through a system of nation health; spending 11% of its GDP on healthcare. “ (bnbalenda, 2011) Therefore we can state that the life expectancy of developed countries are much larger than in developing countries.

Youtube, bnbalenda (23 Feb. 2011.). (2) Top 25 countries with the world's best healthcare systems - YouTube. Youtube.com. Retrieved from https://www.youtube.com/watch?v=pbMOp1qzBMc

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Top 25 countries with the world's best healthcare systems

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Healthcare is needed everywhere, regardless of political, social, cultural or religious affiliation. Healthcare by country http://www.photius.com/rankings/healthranks.html Country healthcare http://www.countryhealthcare.com.au/ The U.S.

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In a contractionary monetary policy government needs to initiate a plan to reduce the money supply. according to Jan, In Estrovia “Unemployment rate is at 7% ...with the inflation rate of -1% and a growth rate of 0.5%.” (2015) By using a contractionary policy Estrovia will be able to reduce inflation since their unemployment is about 9%. However, I believe that because of establishing such change unemployment rate would increase while reducing growth rate to sustain their growth.

Obaidullah Jan (2015). Contractionary Monetary Policy | Definition | Example. Xplaind.com. Retrieved from http://xplaind.com/525232/contractionary-monetary-policy

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IBT article

In the Philippines contractionary fiscal policy is used to slow down a growing economy to control inflation of the economy. as stated in the article there has been a 6.7% growth in the year 2015 through the lowering of prices. This shows that demand and production drops to control the inflation. leading to the increase of taxes to reduce disposable income removing any deficit the country has. According to Boby Micheal,"Fiscal policy was contractionary with the budget deficit at 0.6% of GDP in 2014 while monetary conditions remained supportive of growth.” (2015)

Boby Michael (1 Apr. 2015.). The Philippines to grow 6.7% in 2015 helped by lower commodity prices, fundamental strength: IMF. International Business Times UK. Retrieved from http://www.ibtimes.co.uk/philippines-grow-6-7-2015-helped-by-lower-commodity-prices-fundamental-strength-imf-1494461

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GDP% Link
Poverty rate in Afghanistan is currently the 41st largest nation and 42nd most population. However According to Sammy Said,  “the people of Afghanistan average annual income is only $1,100, which is the tenth lowest in the world and has an unemployment rate of over 35%” (2013) This shows that the main reason why the country is poor is because of the lack of education and the lack of foreign investments. Many research shows that countries with higher education  obtain higher income or higher GDP rather than countries with lower education. This also shows the correlation on why education is important when investing in a foreign market. education in Afghanistan would initially help improve their economy through the study of business .

Sammy Said (7 Nov. 2013.). Top 10 Poorest Countries In The World 2013. TheRichest. Retrieved from http://www.therichest.com/rich-list/poorest-list/top-10-poorest-countries-in-the-world-2013/

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Youtube Link
Economic growth can be seen in India Government actions help improved India’s economy . In 2015 indian government address macro issues such as Infrastructure, poverty, shorting up labour issues. India’s economy has been growing at an annual rate of about 7% or more faster than major countries like China or The U.S. Inflation rate of india decreases significantly due to government action and how the government is taking advantage of human resources as the labor force of india increased multiplying the length of the work week leading to a higher GDP. India has also transformed itself into the world of technology and is "currently ranked 18/66; according to BSA Global index "(2016)

YouTube,Credit Suisse (19 May 2015.). Indian Economic Growth in 90 Seconds | FT World. YouTube. Retrieved from https://www.youtube.com/watch?v=sB0uIuDnKLM

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Indian Economic Growth in 90 Seconds | FT World

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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs India's finance ministry has issued its annual economic survey that says the economy could grow by more than 8% in the next year. The FT's south Asia bureau chief Victor Mallet explains the reasons for optimism and the challenges ahead.

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Article
According to TIme, “North Korean government Kim Jong-un  is the third generation Kim to dictate political and economic relations” (2016) showing that North Korea is under the command economy style where Kim Jong-un is the only one who makes the economic decisions; also known as an authoritarian style. According to the TIme article, Kim Jong- un also Introduced “Limited controlled reforms primarily to the farming sector. While on shoring up the country’s paltry manufacturing” He has also priorities nuclear power over his own people making work pay equal.

Ian Bremmer (n.d.). After Castro—5 Nations Where Dictators Still Rule. Time.com. Retrieved from http://time.com/4587639/fidel-castro-death-autocracies/

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The Economic Way Of             Thinking

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The Economic Way Of             Thinking

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NEWS Article
According to the Hans India, farmers care about their land and doesn’t want to give up land for solar plants. “The Solar Pump Irrigators' Cooperative Enterprise Also Known as SPICE; has  the incentive to save power and curtail their groundwater use” (2017) this indicates the fact that farmers opportunity cost of giving a piece of their land is to partner with solar powered companies to a decent earnings and ultimately improve GDP of the country as stated in the article “At the same time the farmers now have an incentive to economise on their energy as well as water use." (2017)

The Hans India (n.d.). Solar powered solution for groundwater crisis . The Hans India. Retrieved from http://www.thehansindia.com/posts/index/Commoner/2017-06-06/Solar-powered-solution-for-groundwater-crisis-/304727