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Essay / Research Paper Abstract
This 11 page paper takes a look at the economy in 2005. The economy is evaluated in respect to classic economic theories. Information about the theories is relayed. A case study is also to accentuate what type of company might do well in the future. Bibliography lists 10 sources.
Page Count:
11 pages (~225 words per page)
File: RT13_SA506eco.rtf
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Unformatted sample text from the term paper:
unprecedented growth. While Clinton to some extent got the credit for the positive outcome, it seems that the positive nature of the economy during those years rode on information. It
was the advent of the Internet. Everything had changed and new technology was arriving at a frenetic pace. Although it is true that during other times in history there would
be new inventions and things to occur, it seems as if there was rapid development in one sector in the last decade. With the rise of the NASDAQ and the
dot-com phenomena, there were millionaires made overnight. The new economy is driven in part by B to B, but C to C is the new wave. With companies like eBay,
trading between individuals is allowed. The world has in fact gotten smaller and people use e-mail like they used to use their land lines. Today, technology has rendered a world
where communication is constant and affects all demographics. This new world has been also riding a good economy. The news of course is not all that good. The market crash
of 1987 changed things and the boom boom eighties were over. A mini-recession during the early 1990s was short lived and soon, the advents of technology created a great deal
of growth. Generation Y, who grew up during those years, is the first generation to be raised on high technology. Of course, no surge lasts forever and things would
slow down. The recession that arguably began around 1999 would be exacerbated by the events of 9/11. The economy had felt that and the Asian monetary crisis of the 1990s
is also over for the most part. In 2005, things are not bad. There is hope for the future and better numbers than in say, 2001 or 2002. Yet, in
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