Compensation can be described as a systematic approach to providing monetary value to employees in exchange for work performed. Employee compensation may achieve several purposes in recruitment, job-performance and job satisfaction. It can be defined as all the rewards earned by employees in return for their labor. We have to say that сompensation is divided into direct and indirect components....
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Materialism has become part of human nature. It has been spread throughout history and evolved into an issue that will never cease to exist. However, this is no new discovery, materialism is not a new thing. It is displayed all over the media, in magazines, and in commercials. From the dawn of time, there has been an innate competition between...
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Introduction Capitalism and socialism represent two diametrically opposed economic paradigms that have shaped global socio-economic landscapes. Capitalism, characterized by private ownership and market-driven economies, promotes individualism and economic liberalism. In contrast, socialism advocates for collective ownership and state intervention, striving for social equity and wealth redistribution. The ideological clash between these systems has fueled political debates and influenced policy-making across...
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This paper tries to reviews the effects of unemployment in Kenya. How the effects are leading to home breakage, Kenyans are falling into depression. This has made the young people still in school downhearted and wonders if they will fall victim to unemployment. Unemployment cuts across the country in that, in every five people you meet on street one of...
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International trade emerged as a controversial concept that led to the creation of various theories to justify the adoption of the practice. International trade theories explain the exchange of goods and services between entities or people from two different nations. The trade between individuals and entities results from the belief in the possibilities of benefiting from exchanging goods and services...
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How many of us truly consider the potential consequences of being seriously injured at work? No workplace is ever completely safe or without risk. Workers who get hurt on the job can go through physical, emotional, and financial difficulties. Getting the aid, they deserve can be grueling for them and their families. Costly hospital bills and treatments can destroy savings,...
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Actual chronological age is only a relative indicator of the developmental stage of someone’s physical, cognitive and psychosocial. However, as unique as everyone is, some typical trends in development have been identified throughout the life cycle as milestones of normal progression. It is imperative to examine the developmental phases when dealing with the teaching and learning process as individuals progress...
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Giving people the resources and ability to learn about how things are going in our economy is an extremely important thing. One issue that is especially prevalent in today’s economy is inflation and how it affects the overall well-being of the people in our country and around the globe. This economic issue affects every member of our society, and it...
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Saving is an attitude of the person keeping extra money before or after expenses. It is very important and needs to be a priority in life. However, most of the financial expert suggests that savings must be done before expenses and includes in the personal budgeting. Life is unpredictable, maybe a sudden car repair, the stove that stops working, or...
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Amazon is among the four great Big Tech companies dominating market. In recent years, these Big Tech companies have garnered scrutiny at home and abroad. Google ran afoul with the European Union resulting in $9 billon dollars in fines. Facebook has received criticism for failing to address fake news story on its platform. These two giants while increasingly powerful deal...
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How true the statement ‘insurance fraud is a victim-less crime’ is, is debatable. What’s not debatable is that workers’ compensation fraud committed by businesses has huge impacts on the lives of thousands of employees in North Carolina. We are too focused on the crimes committed by workers targeting to collect undeserved benefits that we turn a blind eye on fraudulent...
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Inequality, in its myriad of social and economic forms, is a persisting issue in Latin American society. As of 2014, Latin America was found to be the most economically unequal region in the world: just 10% of the richest Latin Americans controlled 71% of the region’s wealth (Ibarra, 2014). When wealth is concentrated in the hands of the few, often...
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The demand for OSVs is strongly connected to the number of rigs employed by the exploration and production companies. The demand for certain specialized OSVs may be driven by factors other than the oil prices, but those are the exception rather than the rule. According to Clarksons Research, since the oil price slump, rates for rig have fallen more than...
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Money makes the world go round, well that saying is partially true. Money influences our decision-making process. As emphasized in ‘Study Reveals Who Influences the Financial Behavior of Children’ by Copywriter Jessica Horton, the fact that 44% of Americans learned the most about personal finance from their parents (Horton). The way we handle money is affecting our future and our...
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Minimum wage is the minimum hourly wage an employer is allowed to legally pay his or her workers a day. It was created as a direct result of the Fair Labor Standards Act in 1938 and provides a set minimum income. The current minimum wage in the USA is at $7.25 an hour. Although different states have varying minimum wages,...
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Minimum wage laws have been a topic of social, economic, and political debate for decades. As most things, there is generally never an answer that seems to make everyone happy, and this topic usually sparks mass debate. This is at both a state and federal level, as a fair percentage of states have a higher minimum wage than federally required....
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A monopoly is an exclusive possession of the supply of or trade in a commodity or service. After being offered the position of Junior Executive and thinking about the pros and cons of each side, I have concluded to accept the role of Junior Executive at Mega Avocado Corporation. Three main points that support my claim are the data from...
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Prior to the late 19th century, America played a minimal role in worldly matters. However, this isolation would change due to imperialism, which is the political, military, and economic control of powerful countries over weaker territories. European nations and Japan initially started the race of acquiring new territories in the 1800s, and in due course, America would join in on...
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Workers’ compensation previously known as workmen's compensation is a form of insurance given to an employee who is injured in the line of duty. It is presented in form of payment of money commensurate to the work or medical services needed by the injured persona. The employer is mandated to show humanity and avoid litigation. While there are many plans...
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The smartphone market demonstrates one economic change related to smartphones in the 21st century through technological advances. This market transformation particularly demonstrates how technological innovation affects both supply-side economics and consumer behavior. When we analyze what is one economic change related to smartphones, we see that technological innovations create multiple ripple effects throughout the supply chain. These effects demonstrate how...
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The issue of money in politics is not new. Those with the biggest pockets are able to sway government policies through donations, fundraisers and campaign finances. Analyzing this from a comparative politics perspective can prove difficult, as countries tend to deal with this issue in different ways. In America, the existence of PAC’s and Super PAC’s gives way to a...
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On the 23rd of June 2016, the United Kingdom held a referendum to decide on the future of Great Britain. As stated in the journal, ‘The economics of international disintegration by Thomas Sampson (2019)’, “Brexit is the withdrawal of the United Kingdom from the EU’s supranational political institutions and will lead to the erection of new barriers for the exchange...
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Unemployment is a key financial marker since it flags the inability of employees to promptly acquire profitable work to add to the beneficial yield of the economy. The more unemployed people, the lesser economic production. Unemployed people also need to keep up in any event subsistence utilization during their time of unemployment. This implies the economy with high unemployment has...
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As students, you are already having a few adult responsibilities. One of such is budget planning and management. A large percentage of students will not be living with their parents but are living alone or with a roommate or with roommates. How then can you ensure that you properly manage your finances? That is actually the whole essence of this...
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I agree with Shapiro and Varian's statement of technology changes, economic laws do not. I would say economic principles do not change but evolve as technological advances take place and have a significant influence on shaping our modern-day economy. As the technology that surrounds us and is immersed in our daily life advances, it changes the efficiency and level of...
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Introduction The question of whether substantial financial resources should be allocated to space exploration remains a contentious issue within academic and governmental circles. Space exploration embodies humanity's quest for knowledge and the innate desire to push boundaries beyond our terrestrial confines. Since the mid-20th century, remarkable achievements such as the Apollo moon landings and Mars rover missions have underscored the...
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The state of Europe’s current economic recession taints all promise for its future, its excellence, and its international prestige, as manufacturing in the EU has hit its lowest point since the previous eurozone crisis in October 2012 and is expected to stay this way for the rest of 2019. Although the euro, a common currency shaping the eurozone as a...
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Egypt has one of the longest histories of any other nation, tracing its heritage until the sixth or fourth millennium BC. Egypt saw some of the earliest developments in writing, agriculture, urbanization, organized religion, and central government. The Egyptian economy depends mainly on agriculture, telecommunications, oil and natural gas exports and the tourism industry. Also, more than three million Egyptians...
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Income inequality is a major issue in the United States. We often hear how people cannot get basic things such as healthcare or put food on a plate 3 times a day. These are dire conditions for many people that are under the poverty line. These are basic living needs that many people in the upper-middle-class don’t need to worry...
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Philosophers from different parts of history are still studied today all over the world. The works of people like Socrates and Ibn Sina, which were written thousands of years ago, are still continuing to be discussed by intellectuals. So why is philosophy so important? Why must we continue to discuss the works of people who lived in ancient times? Well...
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