Health and the economy: Interactions between health and economy. Healthcare performance is strongly dependent on the economy, but also on the health systems themselves. This link should not be underestimated.
According to the principles established by this law, there is a corresponding two percent increase in employment for every established one percent increase in GDP. The reasoning behind this law is quite simple.
It states that GDP levels are driven by the principles of demand and supply, and as such, an increase in demand leads to an increase in GDP. Such an increase in demand must be accompanied by a corresponding increase in productivity and employment to keep up with the demand.
GDP and unemployment rates are linked in the sense that both are macroeconomic factors that are used to gauge the state of an economy. A rise in the GDP is significant in the study of macroeconomic trends in a nation.
This is also true of a rise or decrease in unemployment levels. GDP and unemployment rates usually go together because a decrease in the GDP is reflected in a decrease in the rate of employment. Ad Such a relationship between GDP and unemployment rates is important in two ways.
A rise in employment levels is the natural result of increased GDP levels caused by an increase in consumer demand for goods and services. Such a rise in both GDP and employment levels is an indication that the economy is booming.
During such periods, consumer confidence is high and the demand for various goods and services are correspondingly elevated. In order to meet this surge in demand, manufactures and other types of companies hire more employees. The opposite is true in the case of a deflationwhich also shows the relationship between GDP and unemployment rates.
When there is a dip in the GDP caused by a decrease in consumer confidence and a corresponding reduction in demand, companies must adjust to this low demand. Part of the adjustment process includes the shedding of workers who may have become redundant in the face of sluggish demand by consumers.
At times like this, companies look for ways of conserving money since they are no longer making as much money as they used too. One of the cost-cutting measures includes mass sacking of employees whose salaries the companies can no longer sustain.
Signs like this are indicators to economists that the demand for goods and services have dropped and that the GDP level is also on a downward slope.The purpose of this study is to explore the link between job satisfaction and organisational performance and to determine if there is an empirically provable relationship between these two variables, and the direction and the intensity of this relationship.
Empirical research was conducted on a. International Journal of Academic Research in Business and Social Sciences February , Vol. 3, No. 2 ISSN: The relationship between organizational structure and strategy becomes clearer when the company’s strategy is in place.
With a clear focus of what it wants to achieve, the organization will. Other articles suggest that there is a relationship between fitness and productivity, yet only in the extreme cases.
Still other articles suggest that a relationship may exist, but it . What is 'Productivity And Costs ' Productivity and costs refer to an economic data set that measures future inflationary trends with two indicators.
Productivity is the indicator that measures labor efficiency in producing goods and services in the U.S. economy. Costs is the indicator that measures the unit labor costs of producing each unit of output in the .
The trade-off between inflation and unemployment was first reported by A. W. Phillips in —and so has been christened the Phillips curve.