Tropical cyclone Essay | Essay

This student essay consists of approximately 3 pages of analysis of Hurricanes' Effect on Economics.
This section contains 572 words
(approx. 2 pages at 300 words per page)
Buy the Student Essay on Hurricanes' Effect on Economics

Hurricanes' Effect on Economics

Summary: A look at the factors that affected the U.S. and world economies following Hurricanes Katrina, Rita, and Wilma in 2005. These three natural disasters increased the cost and affected the supply and demand for products and services, including gasoline, lumber, and trade in general.
The world's economy can be greatly affected by how well other countries do because we are living in a globalized economy. The United States have recently experienced three hurricanes - Hurrican Katrina, Hurrican Wilma, and Hurrican Rita. The three natural disaster has affected the economy of the United States and other countries by causing an increase in supply and demand for products or services. Consumers worldwide have watched the prices gasoline has been increasing and it has been affecting their ways of spending their income.

Consumers have been watching how they spend their income since the hurricanes hit the United States. People gaining a certain income will have to give up some of their wants in order to satisfy their needs. Prices for gasoline has been fluctuating the whole year and the cause has been mainly because of the cost of crude oil. Crude oil prices have risen...

(read more)

This section contains 572 words
(approx. 2 pages at 300 words per page)
Buy the Student Essay on Hurricanes' Effect on Economics
Copyrights
BookRags
Hurricanes' Effect on Economics from BookRags. (c)2016 BookRags, Inc. All rights reserved.
Follow Us on Facebook