Can you help me understand this Economics question?
1200 words minimum
pick United Arab Emirates and the UK
I uploaded the full instructions and structure
You are required to write a report to evaluate the economic performance of two countries in the last 15 years. You should select two countries from the list below; • Bhutan • Brasil • China • India • Russia • Turkey • United Arab Emirates • United Kingdom • Zambia Your report should include the two countries’ economic systems with reference to the market mechanism, resource allocation and the role of government interventions in managing the economy. It should also explain the source of countries’ competitive advantages.
The report should analyse the main macroeconomic indicators and trends over the last 15 years and compare the economic growth and welfare performance of the two countries. The aim of the task is to test your understanding on taught economic concepts including economic systems, national income and the circular flow of income, economic growth and welfare, business cycles and government macroeconomic objectives and policy intervention.
The assignment will also test ability of effective interpretation by using linguistic skills and strategies and economic vocabulary. In your report, you are required to distinguish between the different economic systems, macroeconomic trends, objectives and policy interventions of two countries with a particular focus on economic growth. You need to demonstrate your ability in applying theoretical concepts to real situations and explain the strengths and limitations of GDP as a measure of economic welfare.
Please use official statistical data, reported business news, academic reports and use economic diagrams and charts throughout the report to illustrate your points. You must ensure that this assignment is your own work and in your own words. Any ideas/theories based upon the work of other writers must be fully acknowledged and correctly referenced both within the text and the bibliography. It is not acceptable to quote major sections of text, even if it has been fully referenced.
PLS SELECT UNITED ARAB EMIRATES AND UNITED KINGDOM. pls follow instructions and structure and perferred sources of data and information
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