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LABOUR MARKET IN KEYNESIAN ANALYSIS

Abstract   The research examines labor dynamics within a Keynesian market framework, emphasizing the complex interplay between labor, economic policies, and market forces. It explores the impact of sector-specific developments, like tourism in local economies, on labor markets, highlighting how industries shape employment and wages. The report integrates heterodox economic theories, providing a multi-dimensional view of labor under global crises and stressing the need for diverse perspectives in tackling labor challenges. A core focus is the Keynesian analysis of the goods-labor market nexus, revealing a bidirectional relationship crucial for understanding economic stability and labor market outcomes. The studies advocate for holistic, context-sensitive policies, centralizing labor in economic strategies for sustainable development. Keywords : Keynesian Dynamics, Labor Market Interplay, Economic Policy Impact, Sector-Specific Influences Introduction  This study delves into the...
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COVID-19's Economic Impact on the UK: GDP and Inflation Analysis

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  Introduction The pandemic-induced recession's severity is unmatched in contemporary times. According to estimates, GDP fell by 9.7% in 2020, which is the worst loss since reliable records have been kept since 1948 and is on par with the decline in 1921. The UK economy is the sixth-largest in the world by nominal GDP and the ninth-largest by purchasing power parity. The services sector is the largest sector of the economy, accounting for about 80% of GDP. The manufacturing sector accounts for about 16% of GDP, and the agricultural sector accounts for about 1% of GDP. The UK economy is a major player in the global economy being a  leading exporter of financial services, pharmaceuticals, and aerospace products and also a major destination for foreign investment. The economic impacts of the COVID-19 pandemic have been significant, with GDP contracting in 2020 and a sharp increase in inflation rates. As the pandemic continued, the UK economy started to recover in 2021 with the he...
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A STUDY ON IMPACT OF SOCIAL MEDIA ON CONSUMER BEHAVIOUR AND DECISIONS

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  ‘Impact of social media on consumer decisions’ SOCIAL MEDIA  Social media may be summed up as a collection of web-based programmes that support the production and dissemination of user-generated content and are based on the conceptual and technical underpinnings of the Web. Communication approaches that are scalable make social media accessible and possible. Consumer behaviour is changing as social media becomes more commonplace, connecting people and enabling the exchange of information. Consumers may now simply watch an engaging advertisement on YouTube, share it with friends on Facebook and Twitter, and write their own thoughts on it. In many respects, including quality frequency, interactivity, usability, and performance, social media differ from paper-based media (such as periodicals and newspapers) and traditional electronic media . Social media has evolved into a tool for empowering customers to express themselves. WHAT IS MEANT BY CONSUMER BEHAVIOUR ? The study ...
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