Essays on Economic System

The Gold coast is a coastal city in the Australian state of Queenslanda and is located in South-east Queensland, stretching along 57 kilometres of coastline. The Gold Coast is just one hour, or 66 kilometres, south from Brisbane and immediately north of the border with…

Rail transport plays a huge role in creating and making a great future for people and users to transport safely every day without any fear (Riad, Zohny, Ibrahim, & Elsayed, 2018). The authors also added that safety can be defined as preventing any rail accidents…

In the year 1839, on July 8th, Eliza and William Rockefeller had a child which they named John. John only had a little time with his father because William left the family when John was ten years old. William later became known as “Devil Bill,”…

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 economic crisis, is considered to have been the worst financial crisis since the Great Depression of the 1930s by many well renowned economists. There are many factors that contributed towards…

“Inequality—the state of not being equal, especially in status, rights, and opportunities.” (Development Policy and Analysis 2015) Be that as it may, it is inclined to disarray in public wrangle about because it tends to cruel diverse things to different people. A few qualifications are…

Over the past few decades, America has been experiencing a lot of alterations. One of those changes involves population growth. The population of America has been rapidly growing since 1950. Decreased death rate and an increase in average human age are some of the leading…

The book for this specific review will be “Taking on the Trust,” written by Steve Weinberg. The year of publication is 2009, and the publisher is W. W. Norton & Company. It has 337 pages. The author presents a biographical approach of the clash between…

Economics is a broad topic of optimal resource distribution in society. There are several different branches within the topic, which concentrate on various aspects. There are also different schools of thought that typically have different views on economic aspects. Microeconomics and macroeconomics are the first…

Could you imagine a world without tourism? It is likely that the world would be stable especially for our economy. First of all, according to Wikipedia (2019), ‘tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting,…

The Philippines has been through a lot, but Filipinos has always been strong, grateful, and happy. Philippine economy as we all know is not as great as some of the countries in the world nevertheless we’re not the poorest country either thanks to our not…

Often some of us happen to say that we are becoming more and more capitalist due to the burgeoning industry while the number of poor are increasing. While the economists are best suited to respond, we should also know what it means. It becomes easier…

Capitalism and Socialism are two very different economic systems that have been around for hundreds of years. Each system is unique in their own way and each offer advantages and disadvantages. Capitalism is an economic system that involves the use of privatized companies with little…

According to an old superstition, it’s good luck to find a penny on the sidewalk. But whether or not you believe picking up that penny will bring you luck, one thing it definitely won’t bring you is wealth. Pennies are worth so little now that…

Introduction Officially shopping malls are defined as “one or more buildings forming a complex of shops representing merchandisers, with interconnected walkways enabling visitors to walk from unit to unit. Unofficially, they are the heart and soul of communities, the foundation of retail economies, and a…

Among the most distinguished and long-standing debates in the anthropology of economy in general – and that of exchange in particular – is the divide between formalists and substantivists that occurred during the 20th century. These perspectives, as coined by Polanyi, provide distinct explanations for…