Essays on Economics

Michael Moore from the very beginning puts one problem above the rest – it’s a mortgage. It is in this area that the financial structure has created a gap, which in turn served as the beginning of global changes in the US economy. However, Moore…

Compensating employees through financial payments in exchange for their labor and time is how wages are defined. An hourly rate of pay is determined as the amount of compensation paid to an employee in return for their services. The rate at which the employee is…

The implementation of capitalism throughout history has created a heritage of greed among the financially elite, manifested a tradition of inequality among social classes, and caused financial instability among the middle class. Capitalism allows for the formation of monopolies and the exploitation of the middle…

I think we all have dealt with having to wait in line at a grocery store or at a coffee shop and having to just stand there while somebody counts out each and every cent. Not to mention the constant hassle these coins cause. They…

The idea of helping one another seems to be a common similarity in many people’s lives. Andrew Carnegie’s “Gospel of Wealth” and Karl Marx’s “Communist Manifesto”, both have very different stances on the topic of the rich and poor yet similarities can still be found…

When people go and apply for credit cards they do it in good faith, not thinking about the possibility that they could suddenly be thrust out onto the street standing in the unemployment line. However, the harsh reality of things today is that we live…

Winning the lottery would be interesting for many reasons. One of the biggest is that you’d wonder what to do with all that money, of course. Would you keep it all for yourself? That would be tempting? Would you give it to your loved ones?…

Should football players be earning the wages they earn? It is argued that the salaries football players can earn are immensely high therefore being able to live the extravagant and luxurious lifestyles they have earned in this career. Should footballers be earning the amount of…

Credit card usage has advantages and disadvantages depending on the consumer’s pattern of use. The prudent and right use of credit card decreases liquidity risk of individuals and provide additional resources. However, unconscious and over budgetary limits’ credit card expenditures, may cause individuals to have…

In this article, the authors mention “Five interlinked transformations” as the main driving force that is shaping the production of food agriculturally in Asia – urbanization, dietary diversification, evolved food supply chains, advanced agricultural-related markets, and the transition to machine-led farm technology. It also evaluates…