centuries the circle of this relationship closely to identify interrelated patterns. Separation theory of micro and macroeconomics allowed to answer various questions which humanity facing. Macroeconomics – is the section of economic theory, which studies the interaction of systems and the economy as a whole. All events are studied together and not split into the individual elements. The range of issues is studying: • Employment; • Economic growth; • Balance of Trade;
economic collapse. This provided a backdrop for a revolution spearheaded by John Maynard Keynes. John Maynard Keynes was an influential policy analyst and economist. His book titled “The General Theory of Employment Interest and Money” was published in 1936 i.e. during the Great Depression and became the basis of modern macroeconomics. Keynes supports government intervention during economic turmoil in the capitalist economy. Keynes believed that it was the role of the state to build a bridge between the
recourse to the activities in the underground economy, engage in clandestine activities and hence, affecting the economic growth of the country (Andreoni et al. 1998; Slemrod 2004; Johnson et al. 2000). Dabla-Norris and Feltenstein (2005) found in their study that there exist a strong and negative relationship between the financial development that is how much people know about taxation and the size of the shadow economy. Consequently, governments face a short-fall in revenue; therefore they reduce the
“inequality and private power shape the social order,” Classical liberalism arose along with the Enlightenment movement of the late 17th and the 18th centuries which proclaimed reason as the foundation of individual freedom. Enlightenment thinkers like John Locke (1632–1704) argued that in the ‘state of nature’, all men were free and equal, therefore possessing inalienable rights independent of the laws of any government or authority. Naturally endowed with the right to life, liberty, and property, humans
A Study of Impact of Organizational Change on Mental Health, Personality, and Stress in the Employees of Higher Educational Institutions Chapter 1. Introduction 1.1 Background, theoretical basis and definition 1.1.1 Higher Education Introduction 1.1.2 Importance of Higher Education 1.1.3 Higher Education’s Complexity and Problems 1.1.4 Need of Change in Higher Education 1.1.5 Define Personality Mental Well being and stress 1.1.6 Personality (optimism) 1.1.7 Higher