We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Colombian Economy Essay Sample

essay
The whole doc is available only for registered users OPEN DOC

Get Full Essay

Get access to this section to get all help you need with your essay and educational issues.

Get Access

Colombian Economy Essay Sample

Economic external factors that may affect the toy’s sells and market performance will be analyzed according to the showed table, where most data is relevant and reflex the last fiscal balance in Colombia. Our country is registering a 4.5% economic growth, which means that the GDP is growing in a direct proportion, statistics from DANE show that the GDP is growing a 2.8% compared to the last quarter. And that GDP growth let us conclude that if the population doesn’t increment in a high proportion, there will be more GDP per capita (which finalized in 2012 in 8.089), and also, there will be more disposable income in each Colombian family, and they will have more money to spend in goods and most important: Toys. Complementing the given information, as we can see in the table, only 10,4% of the total population is in condition of unemployment, which not only support a good moment in the Colombian economy but also let us know that trough creation of new jobs (whether they come from government or private sector), is reducing poverty index which is a fact that help us supporting the growing of disposable income inside the country.

In other words, we could say that due to the decreasing index of poverty, unemployment and inequality, people is getting to the possibility to buy more and off course in most cases that will involve toys. Another positive fact is the low inflation index, where prices don’t go up and automatically make decrease the demand. As in the table says, at the end of 2012 it was just a 2,8 inflation raise, which means that industry in general is maintaining stable and solid.

We can write a custom essay

According to Your Specific Requirements

Order an essay

You May Also Find These Documents Helpful

Ten Principles of Economics

The administration of society\'s assets is vital in light of the fact that assets are rare. Scarcity alludes to the constrained idea of society\'s assets. Economics includes the investigation of how society deals with its rare assets In many social orders, assets are allotted through the consolidated choices and activities of a huge number of family units and firms. Hence, financial analysts must examination: 1)...

The key elements of the financial plan

One of the fundamental tools used in managing account, profit forecasting and pricing strategies is definitely the “break-even analysis”, that can be defined as “a technique for analysing how revenue, expenses and profit vary with changes in sales volume or simply it is the analysis that enables any professional organisation to determine the break-even point”. The “break-even point” or BEP can be considered as “the...

Managing fixed and variable costs in a...

Explain the fixed and variable costs in relation to the organization In management accounting, cost management has a crucial role and finds its foundations in understanding “cost behavior”. “Cost behavior analysis” can be defined as “the study of how cost changes when there is a change in an organization’s level of activity”. Managers need to analyze the behavior of three different types of costs: -...

Types of Costs in Management Accounting

In management accounting, cost management has a crucial role and finds its foundations in understanding “cost behavior”. “Cost behavior analysis” can be defined as “the study of how cost changes when there is a change in an organization’s level of activity”. Managers need to analyze the behavior of three different types of costs: - Fixed costs; - Variable costs; - Semi-Variable (or mixed) costs. A...

Cost Sheet: Meaning, Advantages and Preparation

Like for any other business, it is very important for hotels tracking how much money is being spent when taking a new project and running their daily operations, considering the revenue made and the profit generated during a specific period. The most valuable tool to keep track of the expenditures is the “basic cost statement”, also known as “basic cost sheet”, that can be defined...

Get Access To The Full Essay
icon
300+
Materials Daily
icon
100,000+ Subjects
2000+ Topics
icon
Free Plagiarism
Checker
icon
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access
immediately?

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!

logo

Emma Taylor

online

Hi there!
Would you like to get such a paper?
How about getting a customized one?

Couldn't Find What You Looking For?

Get access to our huge knowledge base which is continuously updated

Next Update Will Be About:
14 : 59 : 59
Become a Member