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Introduction Income inequality refers to how income is distributed unevenly in a population, social class, or a society. In layman’s language, income inequality refers to the difference between the money grossed by the richest in an economy and the money earned by the poorest. It is influenced by factors such as...
The coronavirus pandemic outbreak has negatively impacted the economic performance of most nations around the world. Additionally, this is chiefly because the viral outbreak was an unexpected occurrence that forced governments to adopt urgent strategies focused on preserving their economic stabilities at the peak of the pandemic. In the United...
Global economic integration is an arrangement whereby countries or nations agree to manage and direct their trade, fiscal, and monetary policies so as to benefit symbiotically (Lloyd, 2010). There are various degrees of economic integration like free trade. In global economic integration, no country issues payments for custom duty or...
The economic effects of Brexit in Euro region was the major topic of discussion when the economists declared that the Brexit will drastically bring down the per capita income in the region. Withdrawing members argued that when the contributions are ceased, then it would lead to tax cuts or an...
Abstract: Climate change presents one of the most pressing challenges of the 21st century, with far- reaching implications for the global economy, environment, and society. This essay explores the economics of climate change mitigation, focusing on the economic costs and benefits of various strategies aimed at reducing greenhouse gas emissions and...
Abstract Hearing the vibrant country of Cambodia, one that might most remind us of its kaleidoscopic culture and heritage is the Angkor Wat. The latter is one of the most famous temple in the site for its awe- inspiring structure, also once held by UNESCO World Heritage as the largest pre-...
Introduction Economic growth can only be sustained if it is supported by a well-educated workforce. As various theories of economic growth say, human capital is an important factor in economic development. Education, health care, training, immigration, and other expenditures that increase an individual's productivity are all considered human assets in economic...
A vast variety of aspects of civilisation and our everyday lives have been strongly affected by economics since its inception. and heterodox and Orthodox economics, despite the fact that there are numerous different schools of economics, are unique in their antagonism. To Marx, orthodox economics includes individualism and optimization as...
Introduction The increasing population along with climatic changes continue to put enormous stresses on freshwater supply. Water resources are valuable to ecosystems and society. Additionally, clean drinking water is essential for good health as well as for agriculture, production of energy, recreation, navigation, and manufacturing. However, most of these uses exert...
Introduction Great depression occurred between 1929 and 1933 and is considered a critical financial and stock market crash in the history of the financial crisis. From 1933, the world tried to recover from the depression, and no depression have been reported lately. In 2007, the world almost experienced another depression, but...
Introduction The Netherlands is one of the most prosperous economies in the world. The World Bank suggests a 3.5% economic growth in 2022 (Gyamfi et al., 2022). The government systems are well structured to enable remarkable resilience against local and global economic risks. It is not only in the present where...
Economic events are occurrences which affect the economic positively or negatively. An example of an economic event is the Covid-19 pandemic that happened in 2019. Measuring the changes in employment, revenue and profits are some of the ways of measuring the impact an event has to the economy. These impacts...
Introduction The study of economics is instrumental in understanding and addressing the challenges faced by developing countries as they strive for economic growth and stability. Keynesian economics, developed by John Maynard Keynes during the early 20th century, provides a valuable framework that is particularly relevant for developing nations. This essay explores...
Economic interdependence is an indispensable aspect of international relations. When there is economic interdependence, national economies depend on each other through investment and trade. Economic integration has previously been viewed as promoting security and peace (Jackson & Nei, 2023). After the Second World War, for example, the building of partnerships...
One of the industries that were hit hard by the COVID-19 pandemic is the tourism industry where individuals' economic wellbeing was impacted. The fact that the industry is fickle was greatly affected since the virus's spread involved traveling and making contact. Recently, the industry has experienced tremendous growth that has...
Introduction Among the sports leagues that Americans participate in, the National Football League continues to be a leading economic driver, and sports has become a significant contributor to the country’s economic activity. In light of the economic contribution that the football sector has made over the years, Raymundo notes that league...
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