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The main goal of this paper is to explain the role of environmental economics on the example of the policy regarding saving the blue-fin tuna. The paper is focused towards lessening the demand on blue-fin tuna by using sub-par fish species such as yellow-fin tuna as a replacement.
Fiscal policy is a very powerful government's instrument, which has an influence on the national economy of the country. It determines business climate and can give incentives to do businesses to both national and international companies. Fiscal policy has also a significant influence on the national economy in the global scale, as some countries use low taxes as their competitive advantage.
Economics is the study of how people allocate their limited resources in an attempt to satisfy their unlimited needs. This is a study of how people make choices.
Perfect competition is a market structure in which there are many firms in a similar industry producing identical goods and services. Market structure relates to the organization of firms in the industry.
In perfectly competitive market, the government does not interfere in any way, and it is assumed that the parties in the market have correct information meaning that none of them can benefit by giving false information (Hall, 98).
Unemployment is the other term of joblessness. This term mainly refers to those people who have not job and actively search for it. Therefore, it is significant to calculate the unemployment rate in a particular area.