Posts Tagged ‘Economy’
Monday, July 19th, 2010 by Dr. Sheila Moore Ph.D
In our previous Economic Insights article, we expanded our understanding of the macro economy with the concept GDP — Gross Domestic Product. And we discovered that the key to assessing changes in our economy is by noticing not just the actual dollar value — but rather the percentage change in our indicator, period over period.
To have a better grasp for evaluating GDP, we need to make another adjustment to our macro measurement, and that is: we must take into account price changes that could affect the dollar value of GDP — and in turn distort the changes in real productivity or real output. So we need to move from the concept “GDP” to “Real GDP”.
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Tags: concept, current gdp, deflator, dollar value, econometrics, economic indicators, Economics, Economy, financial media, gdp, gdp deflator, Gross domestic product, index numbers, macro economy, macroeconomics, macros, measuring gdp, national accounts, Real gross domestic product, statistics, Value
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Thursday, May 13th, 2010 by Dr. Sheila Moore Ph.D
In the previous Economic Insight we introduced the concept of GNP, or Gross National Product. For decades this was the major macro-economic indicator of final output produced for the economy over a year’s time.
As the world became more internationalized, and as increasing numbers of companies became more globalized, the measurement of GNP became ever more difficult, especially in the attempt to identify what would be “national” product (which could be produced anywhere in the world). So the concept was updated to GDP — or Gross Domestic Product.
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Tags: Economics, Economy, GNP, Gross domestic product, Management, Measures of national income and output, Real gross domestic product, United States, United States Economy
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Tuesday, May 26th, 2009 by ListenToSee
Many of the business owners that I talk to are struggling with the problem of how to sell their product in an economic environment that seems to be taking so many customers out of the market. Most are struggling just to keep their company alive. We, as a business community and as a country; have become distracted by constant and often conflicting rhetoric coming out of the media and our political leaders. In short we have lost our focus on things that matter most to our business.
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Tags: Add new tag, Customers, Economy, Management, Sales, Vendors
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Saturday, April 18th, 2009 by ListenToSee
Answering this question is not always easy for most businesses. When looking for places to trim the budget, marketing is an easy target with immediately perceived results. While this may be the case, you should take a long hard look at the ramifications of reducing your exposure in the marketplace.
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Tags: Buzz, Customers, Economy, Management, Marketing
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