General problems facing the economy of Kenya include;
i. Floods and recurring drought.
One of the problems facing the economy of Kenya is frequent floods which has led to destruction of properties such as houses and plantation, loss of lives of many Kenyans among others. Drought is also one of the major problems which the economy of Kenya faces. Areas such as North Eastern of Kenya frequently experience drought, a phenomenon which has led to increase in loss of lives of the people living in that region and also death of many animals including livestock. However, Kenya as a country supports such regions with food and water to reduce the sufferings of the individuals.
ii. Kenya is also faced with a large and rapidly rising population. Increase in the population growth rate is as a result of high birth rates, migrations into the country, lack of family planning among others.
iii. Kenya has semi-desert in a number of areas in the country.
iv. The economy of Kenya is coupled with poor land tenure system.
v. Kenya has recently faced chronic budget deficits. This hampers implementation on proposed development programs.
vi. Poor health system characterized by inadequate infrastructure.
vii. Kenya has poor and backward education system which is largely not aligned to the current world job market.
viii. The judicial system of Kenya is said to be weak which gives room for economic wreckage. Overall economic freedom is low and there is weak protection of property right.
ix. The Kenyan economy is experiencing pay pressure from those in employment, this puts more demand on the overstretched state budget.
x. The economy of Kenya is characterized by pervasive corruption which has led to poor economic growth.
Dullayo answered the question on April 21, 2018 at 16:41
- Discuss Kenya’s economic system(Solved)
Discuss Kenya’s economic system.
Date posted: April 21, 2018. Answers (1)
- Explain briefly the various stages of economic development according to W.W. Rostov(Solved)
Explain briefly the various stages of economic development according to W.W. Rostov.
Date posted: April 21, 2018. Answers (1)
- Discuss the problems associated with using per capita income to compare standard of living over time(Solved)
Discuss the problems associated with using per capita income to compare standard of living over time
Date posted: April 21, 2018. Answers (1)
- Describe the development of money from barter trade system to the digital trade system(Solved)
Describe the development of money from barter trade system to the digital trade system.
Date posted: April 21, 2018. Answers (1)
- In respect to demand for money, discuss the following motives of holding money: a. Transaction motive b.Asset motive c. Speculative motive d.Portfolio motive(Solved)
In respect to demand for money, discuss the following motives of holding money:
a. Transaction motive
b.Asset motive
c. Speculative motive
d.Portfolio motive
Date posted: April 21, 2018. Answers (1)
- State and explain ten reasons that causes most developing countries to find themselves excessively borrowing resulting to a public debt crisis?(Solved)
State and explain ten reasons that causes most developing countries to find themselves excessively borrowing resulting to a public debt crisis?
Date posted: April 17, 2018. Answers (1)
- Critically explain Malthusian theory of population(Solved)
Critically explain Malthusian theory of population.
Date posted: April 16, 2018. Answers (1)
- Define and state the significance of Pareto efficiency
(Solved)
Define and state the significance of Pareto efficiency
Date posted: April 7, 2018. Answers (1)
- Differentiate between positive and normative economics
(Solved)
Differentiate between positive and normative economics
Date posted: April 6, 2018. Answers (1)
- What is the difference between impact and incidence?(Solved)
What is the difference between impact and incidence?
Date posted: April 5, 2018. Answers (1)
- What are the reasons for studying economics of education?(Solved)
What are the reasons for studying economics of education?
Date posted: April 4, 2018. Answers (1)
- Investment planning proposal(Solved)
Investment Planning Proposal
Imagine you are meeting with friends to discuss the importance of investments as part of a retirement plan.
Read the following summaries of the financial situation and goals of two of your friends:
Kathy
Kathy is a 28-year-old, single mother of twin boys. She has been working as a public relations media specialist for three years, having worked at the same company where she started out answering the phones. She has her B.A. in Communications and a student loan of USD20,000 she has not yet begun to pay off. Her job pays USD70,000 a year. She receive no financial support from the father of her twins. Her costs include paying for childcare, credit cards, and a mortgage. She is able to set aside between USD200-325 a month in a savings account. Her financial goals are to pay off the remaining USD1,000 of her credit card debt, and to begin contributing to a retirement plan. Her employer offers a 401k with a 3% match, and she is not yet enrolled in that plan.
Jackson
Jackson is a recently graduated 44-year-old, single man. He earned his B.S. in Criminal Justice and just recently started a job at the local police department earning USD45,000 a year. Jackson pays child support for one child from a previous marriage. His student loans total USD30,000, and he has no other debt at this time. He expects to have $200 a month to contribute toward his goals of owning a home and having a more secure retirement.
Choose one friend and write an APA-formatted, 3- to 4-page proposal advising a friend about investing for the future. The text of your proposal should be a minimum of 700 words. You may add any graphics or illustrations that support your proposal.
Address the following in your proposal:
Why is investment planning important?
How would you suggest your friend start retirement planning? What steps should he/she take to start?
What investment strategy would you suggest? Why? (Note: Your strategy should explain how money could be invested in stocks, bonds, mutual funds or a mix of all.)
Of what risks and rewards of investing should your friend be aware?
How could your friend minimize the risks associated with investing risk?
Provide two to three resources you would offer to your friend to continue learning more about investments and retirement planning and discuss how these can help.
Your paper must cite two to three academic resources (only one source can be your class textbook).
Submit your proposal.
Date posted: April 4, 2018. Answers (1)
- a)In each of the following three situations, use the binomial, poisson, or normal distribution depending on which is the most appropriate.
In each case,...(Solved)
In each of the following three situations, use the binomial, poisson, or normal distribution depending on which is the most appropriate.
In each case, explain why you selected the distribution and draw attention to any feature which supports or casts doubt on the choice of distribution.
Situation 1:
The lifetimes of a certain type of electrical components are distributed with a mean of 800 hours and standard deviation of 160 hours.
Required:
Identify situation 1. (2 marks)
If the manufacturer replaces all components that fail before the guaranteed minimum life time of 600 hours, what percentage of the components have to be replaced?
(3 marks)
If the manufacturer wishes to replace only 1% of the components that have the shortest life, what value should be used as the guaranteed lifetime? (3 marks)
What is the probability that the mean lifetime of a sample of 25 of these electrical components exceeds 850 hours? (2 marks)
Date posted: April 2, 2018. Answers (1)
-
a)Explain briefly the application of calculus to economic models, especially in the context of maximizing contribution and minimizing costs.
b)Company A...(Solved)
a)Explain briefly the application of calculus to economic models, especially in the context of maximizing contribution and minimizing costs.
b)company A sells all its output to company B for Sh. 200 per unit. The cost of the sales per week in company A are given by the function C = 2q2 + 40q + 80 where q is the value of weekly sales. Company B uses the output of company A to manufacture a product whose demand is dependent on the sale price. The revenue per week of company B is given by the function:
R = 1000q – 16q2 and the cost per week of company B excluding cost of the products bought from company A are given by the function.
C = 2q2 + 80q + 400
Company A can restrict the weekly supply of its product to company B, but cannot raise the unit price above Sh. 200. The two companies are considering whether to merge together into a single company.
Required:
i)At what weekly sales would company A maximize its profits? What would be the profit or loss of company B if company A were able to supply a profit maximizing quantity of its product each week?
ii)At what level of weekly sales would company B maximize its profits?
iii)If the two companies merge into one, what would be the profit maximizing output per week and what would be the weekly profit?
Date posted: April 2, 2018. Answers (1)
- Describe the limitations of the CVP (Cost, Volume and Profit) Analysis(Solved)
Describe the limitations of the CVP (Cost, Volume and Profit) Analysis.
Date posted: April 1, 2018. Answers (1)
- Describe the competitive strategy by Michael Porter(Solved)
Describe the competitive strategy by Michael Porter.
Date posted: April 1, 2018. Answers (1)
- Describe the BCG matrix as used as a corporate business portfolio analysis tool(Solved)
Describe the BCG matrix as used as a corporate business portfolio analysis tool.
Date posted: April 1, 2018. Answers (1)
- Give the factors which determines the gains from international trade(Solved)
Give the factors which determines the gains from international trade.
Date posted: April 1, 2018. Answers (1)
- Describe the various gains from trade(Solved)
Describe the various gains from trade.
Date posted: April 1, 2018. Answers (1)
- Case study analysis of communication strategysummarize the communication strategy of your chosen organization, b) analyze the communication strategy of your chosen organization, and c) explain...(Solved)
In this assignment, you will need to a) summarize the communication strategy of your chosen organization, b) analyze the communication strategy of your chosen organization, and c) explain how you would integrate the communication strategy into the current organization where you work or into a former organization where you have worked.
A. Summarize the Communication Strategy
Locate an article that discusses the communication strategies used by your chosen organization. After reading your chosen article, you may find the exercise below to be helpful in developing a summary paragraph. Identify the author(s) of your chosen article, and complete the following exercise:
[Insert author’s name here] discusses how innovative communication processes have helped [insert name of the organization here] resolve [insert issue here].
The top reason [insert author’s name here] holds that position is __________.
A second reason [insert author’s name here] holds that position is __________.
A third reason [insert author’s name here] holds that position is __________.
After filling in the blanks, you should have a list of the positions and claims made by the authors about your chosen organization. Shape your notes into a summary paragraph. (Do not simply include the list that you completed in the exercise above.)
Remember that the summary paragraph is where you will present information from the source. You will provide your analysis and interpretation in the following section of the paper.
B. Analyze the Communication Strategy
Be sure to include how the communication strategy impacts the organization on multiple levels. Feel free to use the four levels of sales, services, value chain, and continuous improvement as a model, which was discussed in the case study on the Dell Computer Corporation in the Unit VI Lesson. (Note: Your categories may be different.)
In the analysis portion of the assignment, discuss any problems (or potential problems) with the communications in your chosen organization, and provide potential solutions based on your research. Include ways that effective management could help to provide a solution.
C. Explain Integration Techniques
Finally, explain how this communication strategy could be integrated into your current or former workplace.
You will need to reference at least two academic sources.
Use the standard five-paragraph format (introduction/body/conclusion). APA format should be used. The assignment should be a minimum of three pages in length. Content, organization, and grammar/mechanics will be evaluated.
Date posted: March 31, 2018. Answers (1)