Introduction Despite the fact that there is an exceptionally long history of concern with economic inequality, interest for this point has increased significantly after decades of stability. Economic inequality is the unequal division of salary and opportunity among various gatherings of society and has been a concern of many nations around the earth and recently has made it harder for some individuals to have opportunities […]

Economic inequality has been a major subject of discussion over the past few years, by academic circles, political spheres and the popular press. Kulkarni and Matin-Bekat (2009) suggest that as inequality applied to income and economic inequality, is a very complex issue; economists, sociologists, and political scientists are only a few of the concerned with economic inequality. What is spoken and mainly the biggest concern […]

There are many researches made on the relationship between the income inequality and the growth by economics. Inequality can be considered from many perspectives: economic, social and political perspective. In resolving this problem distinguish economics used empirical and theoretical overview as well. Lack of regulations and insufficient funds are just some of the reasons that do affect almost all. Many economic authors clam that it […]

Jared Diamond’s Pulitzer-winning “Guns, Germs and Steel: The Fates of Human Societies”, is an unquestionable contribution to debates attempting to explain global economic inequalities through detailed historical narratives. A ponderous recollection of seemingly dense but important details, the book offers the reader and extremely in-depth incursion into the economic history of the world, in an effort to pinpoint the root causes of progress and innovation […]

Materialism in America isn’t something new, rather it’s something that has been a part of American society for some time now. Materialism is defined as valuing material possessions and physical comfort over spiritual values. In today’s society, we have hundreds if not thousands of examples of people obsessing over material things. Most Americans believe that buying will bring fulfillment, happiness, a higher social standing, and […]

In The Wealth of Nations, Adam Smith outlines the principle that self-interested market participants unknowingly maximize the welfare of society as a whole. This “Invisible hand” idea originated in 1776 and has been the basis for how our economy functions today. When a firm provides goods and services for a customer, it is never out of the kindness of their heart, but out of greed […]

Fast Moving Consumer Goods (FMCG), also referred to as Consumer Packaged Goods (CPG), are items that are purchased and consumed frequently by consumers. FMCG are products with a lifespan shorter than a year, which have relatively low prices. Think of food, beverages, tobacco, apparel, household products and personal care items. Some leading FMCG companies are; Nestlé AG, Procter & Gamble, PepsiCo, Unilever, L’Oréal, Coca-Cola Company […]

First things first, the investment markets are not in freefall. In fact, investment markets have been calm for the last number of years. So much so that some investors may have forgotten how frightening economic crises can be.Looking at past economic crises, we can see that the markets have never told us precisely when, where or how steep their short-term movements were going to be. […]

The fast-paced living in today’s society leaves no time for inconvenience. Consumers today usually opt for services that are easily adjustable to their time of need. The television and film industry is no exception. To adapt to these circumstances, numerous technological advancements have been made to make most media content readily available for continuous consumption. This is where “binge-watching” comes in. Binge-watching is a term […]

I am applying for the Economics bachelor of science program. Right now I am completing the final year of my IB diploma at Bonn International school. The subjects that I am undertaking in the IB are German B language and acquisition, History and Biology at higher level. My standard level subjects are Economics, English language and acquisition and Mathematical studies. After I graduate in May […]