Notes on finance # 001 The German economyGerman economy: After the unification of Germany in 1990, this country became the largest economic potential in Europe and the fifth largest economy in the world.Germany is not a country rich in natural resources, only salt K and relatively large resources of brown coal and hard coal are significant, but other resources are practically nonexistent. The scarcity of resources determined the economic attitude of Germans towards resources and the country's specialization in industrial sectors, which was more based on human intelligence (intensive in human capital).Germany has a population of over 80 million people. In this sense, it is the most populous country in the EU and has the highest decision-making power in the community. Immigrants make up 10% of the total population.Economic development is complicated : social market economyThe role of the state in the economy was much greater than in the United States or Great Britain. The totalitarianism of the Hitler era meant the total dictatorship of the state in the economy, and during the post-war German economy it was the state that intervened to ensure stability and social protection. The active social market policy on the part of the state is characteristic of the German economy at the present stage.The history of moneyCurrently, the system of social market economy is in crisis. This is due to the high level of wages (high cost of labor) and high social guarantees, and on the other hand, the lack of innovations that affect competitiveness. 40% of company revenues are allocated to pay salaries and benefits to the social fund. Unemployment benefits are quite high (unemployed people are not motivated to look for work). Germany has a fairly high unemployment rate of 7.1% (2010). In order to maintain the social system, there is a lot of financial pressure on the company and the workforce. This fact has forced many German companies to work abroad (through the transnationalization of capital).The history of money is an exciting story. Analyzing money over time, how it came to be, and its use and abuse by those who created it is the most appropriate way to understand the intricacies of this invention, which I consider to be the most important in human history.Thus, over time, the gold and silver pieces used in exchange became known as money. This new use of gold and silver has caused an increase in public demand for these metals. Thus, money arose out of social necessity, with the aim of serving to measure the value of goods in the exchange process, becoming an objective requirement for the development of society. 1xBet offers an exclusive welcome bonus for new customers who register using the 1xbet promo code to claim an exclusive bonus in total of €130. The bonus is available to new users registering an account with 1xbet. This already excellent deal is made even more irresistible by the fact that users can receive a 100% first deposit match bonus up to 130$. تصفّح المقالات Previous Post قبل إزالة الشعر بالليزر! Next Post كريم إزالة الشعر