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Social and Economic Inequality in India and South Africa

5 Pages 2262 Words
For the beginning, I would like to define the notion of economic and social inequality, before we move to the main idea of this research. Economic inequality has two meanings: it can either refer to income distribution or wealth distribution among countries. Income distribution and wealth distribution refer to the national income divided among citizens of a country. According to...

Brexit’s Potential Impact on Individuals and Companies

1 Page 492 Words
What does Brexit mean to you, me or SMEs? Undoubtedly, Brexit’s impact will affect individuals and companies, whether they are SMEs, multinational corporations, banks or other organizations, in a myriad of different ways depending on the specific nature of the business or person. Certainly, the origin or make up of the SME is key to assessing the potential impact since...
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Students' Access to Credit Cards

2 Pages 985 Words
Credit card, small plastic card including a means of identification such as a signature or picture, authorizes the person named on it to charge goods or services to an account for which the cardholder is billed is periodically. Using credit card is really beneficial because you have the opportunity to effectively control your payments which is one of the best...

The Implications of Brexit: Britain's EU Departure

2 Pages 830 Words
Introduction On June 23, 2016, the United Kingdom (UK) held a pivotal referendum that resulted in a decision to leave the European Union (EU), a move commonly referred to as Brexit. This decision marked a significant turning point in British and European political landscapes, triggering widespread debates and analyses. Although the referendum passed with a narrow margin—51.9% in favor of...
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The Youth’s Voice About Ramon Bong Revilla

3 Pages 1337 Words
Ramon Bong Revilla Jr. is a man from Cavite who followed his father’s footsteps but made a name for himself. He was said to be a defender of the poor and oppressed citizens. He made this claim true by entering the field of the political offices in 1995 when he became the vice governor of his hometown, Cavite. He strongly...

National Energy Supply and Demand Outlook

3 Pages 1518 Words
Having sufficient energy can support for the country in the stage of developing country like Myanmar. This is focuses on estimation of electricity demand & supply rate for future which can be supported to reduce the energy gap in long-term. Based on the methodologies and framework constructed to define what action and plan should be taken to fulfill the electricity...

Comprehensive Analysis of Brazil's Economic Landscape

2 Pages 771 Words
Introduction The Brazilian economy, characterized by its vast natural resources and diverse industrial sectors, represents a critical player in the global economic arena. As the largest economy in Latin America and the ninth largest in the world, Brazil's economic framework combines agriculture, mining, manufacturing, and services, reflecting its complex and multifaceted nature. Historically, the country has experienced a cyclical pattern...

Microeconomic Models for Public Policy: Structures & Usefulness

5 Pages 2175 Words
Microeconomics focuses on the activities of individual agents within the economy like households, workers and businesses. However, because human beings are at the centre of microeconomic activities, it is difficult to understand certain economic principles when you consider their ever-changing nature. Thus, to better understand microeconomic principles, economists developed theories or models, which are simplified representations of how two or...

Brexit: Britain’s Decision to Leave the EU and Its Possible Consequences

3 Pages 1460 Words
The word ‘Brexit’ is a combination of two words ‘Britain’ and ‘Exit’. The United Kingdom decided to leave the EU 3 years on June 2016. There were total of 72.2% voters and 51.9% voted in favor of Brexit and 42.1% vote against the notion. The supporters of Brexit won the margin by 3.8% which was enough for the government to...
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The Importance of Human Development

2 Pages 838 Words
People experience plenty of changes over the period of their lives. So, what is the meaning of human development? The definition of human development is the process of expansion of human’s potential, an increase of choices and opportunities and fulfillment of human rights. Human development also describes as the growth of humans throughout their lifespan, from conception to death. Changes...

Analyzing the Socioeconomic Insights in 'Freakonomics'

2 Pages 983 Words
Introduction 'Freakonomics: A Rogue Economist Explores the Hidden Side of Everything,' authored by Steven D. Levitt and Stephen J. Dubner, presents an unconventional approach to economic analysis, deviating from traditional boundaries to explore intriguing correlations between disparate variables. The book, first published in 2005, has been acclaimed for its innovative examination of socioeconomic issues, employing the principles of economics to...

Risks and Vulnerabilities Associated with Bitcoin as a Cryptocurrency

3 Pages 1569 Words
Nowadays, just about everything is going digital. It was only a matter of time before money ended up going that way too. Most of us are familiar with digital payment options including online card payments and inter/intra bank fund transfers. In 2009, the world saw its very first digital currency. A developer named Satoshi Nakamoto developed this virtual currency called...
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Income Disparities in America

2 Pages 908 Words
Introduction The issue of income inequality in the United States has become a focal point of economic and social discourse over the past several decades. Characterized by the disproportionate distribution of income among different segments of the population, this phenomenon has far-reaching implications on social mobility, access to resources, and overall economic stability. According to the Pew Research Center, income...

Adam Smith's Ideas in 'Wealth of Nations' and Economic Modernity

3 Pages 1374 Words
‘Economy’ is assumed to be a part of natural phenomenon, something that was given to human creatures completely predefined. This means that we do not classify the existence of economy as modern. However, it is essential to note that the word ‘economy’ itself came into being in the late 20th century when neo-liberalism started in the 1970’s. Economy is a...

Division of Labor in Adam Smith's 'The Wealth of Nations'

3 Pages 1333 Words
In the first three chapters of the book, ‘The Wealth of Nations’, by Adam Smith, the central question addressed is how division of labor resulted in man’s newfound capability to produce in quantities previously unattainable. Division of labor has resulted in an identical amount of work producing significantly more. This improvement is credited with the increased specialization of laborers, time...

Euro Vs Dollar: Differences Between the US and European Financial Systems

2 Pages 1053 Words
The Eurozone is a geographic and economic region that consists of all the European Union (EU) countries that have fully incorporated the euro as their national currency. As of 2019, the Eurozone consists of 19 countries in the EU: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain....
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How Should the US Reduce Economic Inequality? Essay

2 Pages 1133 Words
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Over the past few decades, America has been experiencing a great deal of alterations. One of those changes involves the growth of the country. The expansion rate in America has been rapidly growing since 1950. Decreased death rate and an increase in average human age are some of the leading causes of skyrocketing population. Growth has tended to be more...

China's Stock Market and Its Effects

5 Pages 2443 Words
In today’s world financial assets are very valuable. A financial asset can be described as a liquid asset that gets its value from ownership claim. Examples of financial assets, according to James Chen, include: cash, stocks, bonds, mutual funds, and bank deposits (Chen). Imagine not having to work as hard but still being able to bring in a hefty annual...

How to Reduce Unemployment? Essay

2 Pages 1150 Words
Reducing the unemployment rate in a country is one of the responsibilities of the local authorities to ensure that the people and producers of the country have sufficient resources. As we all know, unemployment can be caused by two sides, namely demand-side failures and supply-side failures. Therefore, there are two strategies used to address the problem of unemployment namely the...

How Workers' Compensation Policy Works

1 Page 487 Words
Do you know safety is vital to everyone? Businesses need to start taking employees’ welfare with seriousness. So, business has an obligation of ensuring the employees’ safety is guaranteed. If businesses don’t plan early enough, they might end up spending a lot of money pay for medical expenses and bills relating to the employees’ health? I hope from today the...

Macroeconomic Trends and Their Impact on the Life of the Average Person

2 Pages 764 Words
At its most basic level, macroeconomics studies the interaction among the main aggregate economic variables such as: unemployment, inflation, interest rates, exchange rates, etc. It also simplifies and summarizes the interactions between the structures of the economy of an entire nation, taking into account things that apply universally to it. Considered as an important method in economic analysis, macroeconomics is...

Is Apple a Monopoly or Oligopoly?

2 Pages 729 Words
Apple is undoubtedly one of the most prestigious companies in the world, but behind the great success they have had, hard work is hidden by its founders Steve Jobs and Steve Wozniak, since they were people with few resources and with a dream that which over time they could get little by little. The key to the ascent of this...

The Impact of Industrialization on the Food Systems

3 Pages 1612 Words
This essay will highlight the impact of the industrialization on the food system and how it has worked wonders for the developed countries in terms of feeding their population. Food is the basic need of humans for their survival and it becomes important for the policymakers and the government to develop an effective food system will ensure continuous production and...

The 1929 Stock Market Collapse

2 Pages 827 Words
Introduction The Stock Market Crash of 1929 stands as a pivotal moment in economic history, marking the onset of the Great Depression. This catastrophic event not only decimated individual fortunes but also sent shockwaves across the global financial system. Understanding the causes and effects of this crash is crucial for economists, historians, and policymakers, as it provides valuable lessons about...

What I Learned in Microeconomics? Essay

2 Pages 851 Words
Microeconomics is the part of economics that studies the reactions of individuals and companies when making decisions depending on scarce resources and also studies the interactions among these individuals and firms. Economics is found everywhere, this is why it is so important to not only study economics but also understand it and relate it to events that occur around us....

Major Aspects of Industrialization Between 1865 and 1920

2 Pages 1119 Words
In the 19th century, the period between 1865 and 1900 marked as a major threshold in the improvement of industrialization in America. The Northern society realized a profound positive change, due to the rapid expansion of industrialization. There were various factors that boosted the expansion of industrialization in America at the end of the 19th century. Some of these elements...

Debunking Misconceptions About Bitcoin

4 Pages 1823 Words
There are many people that don’t know much or have heard false information about Bitcoin. Bitcoin is a cryptocurrency which takes advantage of a peer-to-peer (P2P) connection. A P2P connection is a type of connection that utilizes a direct link between both parties without going through a central server or administrator. Everyone should support the use of Bitcoin because both...
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