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  #11  
Old Tuesday, December 27, 2011
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Originally Posted by Eager View Post
Trickle down effect

The trickle-down effect is a marketing phenomenon that affects many consumer goods. Initially a product may be so expensive that only the wealthy can afford it. Over time, however, the price will fall until it is inexpensive enough for the general public to purchase.
Eager: Since it seems that the concept has been defined by a layman, please rectify it. Neither it is a marketing phenomena nor it is restricted to consumer goods only. Moreover, the pricing mechanism as narrated above is illogical to explain the trickle-down effect.

Let’s trickle it down in simple and economics concept:

Correction:

Origination of the Term: Coined by Ronald Regan in 1981

Gist: Economic growth flows down from the top to the bottom, indirectly benefiting those who do not directly benefit from the policy changes.

Definition: Tax breaks or other economic benefits provided by government to businesses/wealthy/top income earners benefit the poor as the wealth necessarily “trickles down” to them, mainly through employment generated by the demand for personal services and as a result of additional investments made by the wealthy/firms. If the top earners are taxed less they will invest more into the business infrastructure and equity markets, it will in turn lead to more goods at lower prices, and create more jobs for middle and lower class individuals.


OR


Trickle-down effect refers to letting businesses flourish, since their profits will ultimately trickle down to lower-income individuals and the rest of the economy through more investment and employment opportunities. Income tax cuts will result in the increased disposable income of the rich which will result in increased spending and ultimately create additional aggregate demand in the economy, which in turn will create more jobs and higher wages for labor. Firms will re-invest their higher profits for expansion which will bring higher growth, higher wages, and shared income.


Sources:
Glossary of Terms: Tr

Trickle-down economics - Wikipedia, the free encyclopedia

Trickle-down economics - Wikipedia, the free encyclopedia

Trickle Down economics was a Trojan Horse

Trickle Down Economics | Economics Blog


Regards
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  #12  
Old Wednesday, December 28, 2011
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Originally Posted by intelligentgal View Post
A very good effort friends. keep it up. God bless you all.
Here goes my little contribution:

GNP:

Gross National Product (GNP) is the market value of all products and services produced in one year by labor and property supplied by the residents of a country. Unlike Gross Domestic Product (GDP), which defines production based on the geographical location of production, GNP allocates production based on ownership.

(the difference between GDP and GNP is that in former foreign remittances are included while GNP does not take foreign remittances into account, Please correct me if i am wrong)

Correction:

Gross Domestic Product (GDP) as evident from the term itself, is based on the economic activity within a country. It is monetary value of all the final goods and services produced within a country in a given period of time (normally one year).
(GDP does not take into account the foreign flows (inflows and outflows).

Whereas, Gross National Product (GNP) takes into account the foreign flows too (net income made abroad).

GDP is the value of goods and services produced within the boundaries of a country and GNP is the value of goods and services produced by all the citizens of a country where ever they may be.

Expenditure Method Formula:

GDP = consumption + investment + (government spending) + (exports – imports), or, GDP = C + I + G + (X-M)

GNP = GDP + NR (Net income from assets abroad (Net Income Receipts))



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@ Raz
Thanks a lot, brother for clearing the idea.
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Question interview..........need guideline
plz any one guide me how to prepare for interview as i have been shortlisted in the CCE GB 2011-12.
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Old Wednesday, December 28, 2011
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@ Raz
thanks a lot Sir, now you must have understood why a layman asked for an economist's help I can only search the given term and go for the easiest explanation without knowing whether its right or wrong, but you actually know the difference.
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Old Wednesday, December 28, 2011
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What is trade deficit of Pakistan
12 billion dollars

Economic problems of Pakistan
Power Crises
Less focus on agricultural sector
War on Terrorism
Declining export
Tumbling Stock market
Lack of tourism:

What is the share of Balochistan in NFC?
9.09% in 7th NFC awards (increased from 5.1%)

Shares of sectors in economy
Agriculture accounts for about 21% of GDP
Industries: 25% of GDP
Services: 53.3% of GDP
Remittances: 5.1% GDP
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Old Wednesday, December 28, 2011
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Quote:
Originally Posted by Eager View Post
What is trade deficit of Pakistan
12 billion dollars

Economic problems of Pakistan
Power Crises
Less focus on agricultural sector
War on Terrorism
Declining export
Tumbling Stock market
Lack of tourism:

What is the share of Balochistan in NFC?
9.09% in 7th NFC awards (increased from 5.1%)

Shares of sectors in economy
Agriculture accounts for about 21% of GDP
Industries: 25% of GDP
Services: 53.3% of GDP
Remittances: 5.1% GDP
I hope it's not asking for too much if you could with little more efforts mention the source of the statistics as one may support one's answer by quoting references.

Regards,
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Old Wednesday, December 28, 2011
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Originally Posted by redmax View Post
I hope it's not asking for too much if you could with little more efforts mention the source of the statistics as one may support one's answer by quoting references.

Regards,
sure, infact, i should have done it earlier

share of various sectors in GDP:
Economy of Pakistan - Wikipedia, the free encyclopedia

share of balochistan in nfc awards:
NFC award - Wikipedia, the free encyclopedia

trade deficit of Pakistan:
rough estimate calculated after taking figures of imports and exports from
Pakistan Imports - Economy

Economic problems are the ones i could think of
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Old Wednesday, December 28, 2011
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i appreciate efforts from all specially from eager.
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Old Wednesday, December 28, 2011
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