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Consumer Spending Essays

Impact of COVID-19 on the Rising Global Economy

Coronavirus (COVID-19) is an infectious disease caused by the SARS-CoV-2 virus (World Health Organization, 2020). It was identified late in December 2019. Coronavirus resulted in symptoms like the common cold, loss of appetite, and shortness of breath, causing many deaths, especially those in the older age brackets. It resulted in the closure of churches, schools, ... Read More
Pages: 12       Words: 3208

Impact of Labour Participation Rate on Urbanization

Chart Due to rapid modernization, Kuala Lumpur has undergone a lot of economic as well as social changes. In other words, this shift instigated a spatial re-distribution brought about by migration, which was attracted by the growth rate and urbanization rate (Yasin, Zain, Haniff, & Hassan, 2022). These migrations promoted a steady and balanced labour ... Read More
Pages: 7       Words: 1670
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Low Minimum Wage

Introduction Over the years, the minimum wage issue has been a heavily debated and controversial topic. With the recent decline in global economic performance, many workers earning minimum wage are placed in a position where they struggle to make ends meet (Manning, 2021). This is reflected in the extensive exodus of employees from minimum-wage jobs ... Read More
Pages: 7       Words: 1721

Consumer Sentiment Versus Consumer Spending

Consumer spending is highly affected by changes in economic conditions, which impacts future expectations. Changes in the customer sentiment indices show the alteration in the expectations of future economic status, which consequently affects consumption. For instance, Hall (1993) and Blanchard (1993) claimed that the 1990-1991 recession in America was caused by the reduced consumption predicted ... Read More
Pages: 6       Words: 1472
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