Capitalism, the foundation of many countries, is today the most widely spread economic system in the world. It goes without mentioning that capitalism was and still is most concentrated in one country in the world, and that is the United States of America (USA). But how did this happen? How come the USA developed into such a big capitalist superpower?...
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Inequality can come in many different forms like gender, racial or social inequality. In this essay, I will focus on economic inequality as it often exaggerates and contributes to the other types of inequalities mentioned. Economic inequality comes in two forms mainly: income and wealth inequality. There are many different measures of inequality: using the Gini Coefficient, ratio measures or...
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Football is the world’s game. It is played by over 250 million players in over 200 countries. From the Turks and Caicos Islands to the Russian Federation. It has risen to become the best sport in the world because anyone can play all you need is a ball. The game has come a long way since 1869 but during the...
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The assertion here is that capitalism poses a threat to democratic governance, however, not only do I disagree with this statement, but I feel that democracy and capitalism go hand in hand. We just have to look to history to find the compatibility between the two, where we can see that democracies thrive with a capitalist economy, taking the example...
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Humans go through the different steps throughout their life; they will change and develop. These development changes can be organized into 4 sections: physical, intellectual, emotional and social. Throughout my work I will be showing the differences between each life stage. Infant 0-2 Months They wouldn't be able to lift their own head. They can respond to sounds by moving...
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The 21st century discord is a majorly increasing problem in today's world in regards to political, social and economic inequalities. These issues are growing at an astonishing rate and if they are not resolved soon, they will cause us to degrade as a human race and destroy the infrastructure for future generations to come. Social inequality is when resources in...
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During the first decade of independence, it believed that the economic growth of the nation would automatically reduce poverty and unemployment. But it realized that along with the growth the policies and programed need effective state intervention. In order to achieve the planned objectives, it needs to cooperate with various projects, including public-private partnership. In the present scenario it is...
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Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus. This is a new virus that has been discovered in 2020 all around the world. During this virus has occur, there has been many economic impacts and has caused problems for example increase of unemployment and the banks reducing interest rates. Also, the main impact which is...
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Would you be able to envision yourself working 12-hours per day and just having enough cash to pay for lease and put nourishment on the table for your family? With working every one of those extended periods, you can scarcely stand to cover your utility tabs and from that point onward, you need more cash or time for extravagances like...
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The economy is significantly essential for one nation’s development. If the economy was depressed, many individuals and organizations would suffer seriously. In this essay, I am going to present factors that affect the business environment, explain the factors that drive supply and demand. The environmental forces that impact on company’s ability to serve its customers are the micro-environment and macro-environment....
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Technology is an inevitable tool in today’s competitive world. Banks today operate in a highly globalized, liberalized, privatized and competitive environment. To survive in this environment, banks have to use Information Technology to provide traditional and other banking services in a digital platform. Plastic money is a term that is used to denote the hard plastic cards which the bank...
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Money power is defined as, “Money is one of the primary collective powers developed by humanity for social accomplishment. Like language, money is an instrument to promote productive, cooperative human social relationships. Money is one of the greatest inventions of all time”. How Could Money Change Your Lifestyle and Your Way of Living? Simple if you have a lot of...
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Time is money, just as money is time - but is one really worth more than the other? You spend at the bare minimum twelve years of your precious time preparing to waste the next forty at some menial job just to make money and retire to live out the next fifteen years of your life at some lake in...
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Imagine if you were living off $15,000 per year. You would have a hard time to support your family and have little extra money to spend on enjoyments. You would most likely not be able to go to the grocery store and buy snacks simply because you like them. You would also not be able to go to a movie...
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Macroeconomics is a subset within the study of economics which regards large-scale and general economic factors, and is the study of the economy as a whole. The study of macroeconomics regards topics such as a nation’s employment, total supply and demand, national income, inflation/deflation, total investments and savings, interest rates, overall consumption, and fluctuations in price levels. These topics serve...
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At present, many questions arise, while the promotion of various products makes us become materialistic. Advertisements promote materialism in several ways. The first is by creating new needs and desires among people. Advertisements also encourage people to compete with each other by purchasing more and better objects. Finally, advertisements often encourage consumers to replace their old possessions by purchasing the...
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The article is about the overall falling rate of unemployment in the United States which dropped to 3.9% or 6.3 million people. This means that 3.9% of Americans are actively looking for a job, but are unable to find work. Despite the United States’ unemployment rate falling to the lowest since 2000, the retail sector has not experienced much growth...
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The purpose of this report is to discuss about the unemployment rate in United States of America in comparisons with the rest of the world. Unemployment rate refers to the percentage of unemployed people in an economy among people that are currently belonging to labor force. This is computed as unemployed people divided by total labor force and multiple by...
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This paper aims to examine the effect of the spread of Covid-19 on the Egyptian companies trading in stock markets. The outcome of such an infectious disease is regarded as serious. It actually affected stock markets worldwide. Using an event study method, our results indicate that the stock markets in major affected countries and areas fell quickly after the spread...
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‘Brexit’ was unprecedented and life-changing for the United Kingdom. It not only exposed weaknesses within British Liberal Democracy, but it also saw an evolution of its more traditional principles, a necessary adaption to the needs of modern times. In reference to British Liberal Democracy, we refer to the form of government and ideology with representative democracy operating under principles of...
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In the United States (US), the household wealth of a median white family in 2019 was $147,000, while the median black family owns $3,600 – just over 2% of what the median white family owns (Collins, Asante-Muhammad, Hoxie, & Terry, 2019). The wealth gap between whites and blacks not only suggests that there is an inequality of outcomes, but also...
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Have you ever thought of how money started? Well, it all started with bartering. People use to swap their goods for the other persons goods. Bartering turned to coins. The first coin ever minted featured a roaring lion created by King Alyattes in Lydia now known as Turkey. Coins then turned into bank notes around 1661 AD. In 1950 credit...
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The impact of a changing demographic structure on the price of financial assets, especially stock prices has been the subject of extensive research and discussion for some time (Quayes & Jamal, 2014). Data gathered from the U.S Census estimated there were 65 million US born baby boomers accounting for more than 20% of the US population in 2014 (Colby &...
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While increasing demand is generally great news for an economy, a lagged supply chain can cause Inflation. In this blog post, we'll go through why this is a very real issue facing economic managers all around the world. Firstly, what is inflation? Inflation occurs when the demand for a product/service is greater than the current supply. When this occurs, the...
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The urbanization and industrialization in the 19th century have made a change in America. Urbanization, the diverse that impacted the environment. As well as how things were created and a development in the work environment, it was a big growth for many things. In the 19th century there was a rapid growth towards unity, social and politically. Cities attracted very...
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Compensation covers everything an employer offers an employee in return for their work. Although the term is commonly associated with money, employee compensation also includes nonmonetary benefits, such as health insurance and a pension plan. Employee compensation often plays a significant role in different areas of the workplace and may affect everything from turnover rate to workers morale. Efficient compensation...
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Similarly, in 1901, every Australian had the right to vote, however in 1902 Aboriginal and Torres Strait Islanders were not allowed to vote in Federal Elections until 1962. They were also not considered in the census until 1967 (Australian Electoral Commission, 2017). A White Australia Policy was employed in 1901 and it was not entirely eradicated until the 1970’s. Non-white...
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Introduction In contemporary society, the pursuit of material wealth and possessions has become synonymous with success and happiness. However, the increasing obsession with materialism may be contributing to a pervasive sense of dissatisfaction and depression. Materialism, defined as the tendency to consider material possessions and physical comfort as more important than spiritual or emotional values, is often associated with the...
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Gold’s Gym, originally started by Joe Gold, is an American chain of international co-ed fitness centers. He opened the first Gold's Gym, with homemade equipment, in August 1965, in Venice Beach, California, way before gyms existed. The gym got popular when it was in a documentary, ‘Pumping Iron’ (1977), and Arnold Schwarzenegger and Dave Draper used to train there. Each...
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Both the political and economic worlds have always been dependent on each other, neither can survive without the other and the modern world is incapable of functioning without them both. Countries have been competing in finding the best economic and political combination that brings their countries into the power they need to lead the world for a prolonged period of...
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