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Pros and Cons of NAFTA for Canada

4 Pages 1798 Words
Over the years many Canadians believed that free trade was not the best answer but as time went on these trade agreements showed that free trade is a positive outcome for a country. The North American Free Trade Agreement which is also known as NAFTA is an agreement signed by Canada, Mexico, and the United States of American that came...
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Essay on Why Smokers Should Pay a High Health Tax on Tobacco

2 Pages 1125 Words
One of the most important questions that has to be raised is whether it is right or even ethical for smokers to pay a high amount of tax on tobacco or not. Or even whether individuals who live a healthy lifestyle and don’t smoke are forced to pay a cost for something that they never even did. There are 3...

Adam Smith's View of Wealth and Virtue

2 Pages 819 Words
Wealth is an abundance of valuable possessions or money. In other means such as the plentiful supplies of a particular resource. When one asks themselves, ‘What is wealth?’, people immediately think of money. They think of nice cars and big houses. People think of power and the ability to have control over others, and money is not the only wealth...

Strong Inheritance Tax for Poverty and Inequality

3 Pages 1169 Words
Poverty is an increasing issue in modern day that stems from wealth inequality. Families that hold wealth throughout generations are making an increasing gap in income in the United States which is making the poor even more poor. Poverty can have several negative effects on a person’s long-term health, including heart attacks, inflammatory diseases, and even can attribute to a...

Should the Rich Pay More Taxes? Essay

2 Pages 823 Words
In America today, there is a constant conversation about taxing the rich. They’re arguments on both sides of the coin. As of right now, since taxes are based on percentages, wealthy citizens should not be required to pay higher taxes because they fairly earned their money and they should get to keep it. On the other hand, some people believe...

Trump's Tax Cut Analysis

2 Pages 1085 Words
At the end of 2017, President Trump signed into law one of the largest tax code overhauls since the 1980s. The President assured taxpayers that this bill included a simpler and more reformed tax code, protection for lower- and middle-income Americans and cuts for corporations that would in theory spur investment and economic growth. Once implemented, however, this bill disproportionately...

Overview of NAFTA's Disadvantages

2 Pages 830 Words
The North American Free Trade Agreement (NAFTA) has been instrumental when it comes to trade. It is an international agreement between Canada, Mexico and the U.S. It steered the economic, social and political development of the North American region. NAFTA was intended to bring positive effects in the development of North American countries; however, it has been shown that NAFTA...
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Essay on the Financial Crisis in Greece

3 Pages 1179 Words
Everyone knows that Greece is famous for its rich history, mythology, and architecture. But they cannot rely solely on tourism to keep their economy afloat. There were some key mistakes and mismanagements from their government threw them into a deep, deep hole. When Greece joined into Europe, they were doing well financially. In 1981, the party that rose to power...

The Financial Crisis: An Essay on Its Causes and Consequences

1 Page 517 Words
A financial crisis is a situation when businesses and consumers are unable to pay their debts, asset prices depreciate, and financial institutions go through a shortage of liquidity. There are several types of crises, including stock market crash, financial bubble or a currency crisis (Dabla-Norris et al., 2015). All these crises have similar causes, and the consequences are much more...

The Pros and Cons of Mercantilism

1 Page 623 Words
Mercantilism is one of classical theories in international political economy (IPE) along with economic liberalism and neo-Marxism. Mercantilism believes the world is in struggle of power and security between each national interest, in order to grow their economy, they need to limit the imported goods by using tariffs while at the same time increasing their export instead (List, 1841), and...

North America Vs Latin America: Economic Change & Development

5 Pages 2145 Words
North America and Latin America have always been two nations, which possessed fairly different characteristics. North America, the third-largest continent in the world, consisting of twenty-three countries, occupies the majority of the northwest hemisphere. Latin America, based in the southern part of the western hemisphere, consists of a group of countries and dependencies. Latin America consists of the entire continent...

Essay on the Advantages and Disadvantages of Free Trade

1 Page 539 Words
In recent decades, nations have become more interdependent in term of the economy through the increase of international trade and intercontinental investments. Thanks to globalization, the international transactions in markets for goods, services and some factor of production and much more has increased. The number of exports had exponentially increased to be more than 40 times larger than in 1913....

Should Cash Currency Be Eliminated? Essay

2 Pages 727 Words
A cashless society is a society in which purchases of goods or services are made by credit card or electronic funds transferal rather than with cash or checks. The economic concept of a cashless society appeared as early as the 17th century, but it was presented as a check at that time. Then it slowly evolved to credit card and...
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Is a Tax on Junk Food a Good Approach to Combating Global Obesity

2 Pages 734 Words
Aptly described by WHO as an ‘escalating global epidemic’ (WHO, 2002), the burden of obesity on communities is self-evident: an estimated 3 million deaths and 2 trillion dollars in medical costs (Dobbs et al., 2014). To address the challenge member nations have introduced tax policies to regulate people’s nutrition. The phraseology ‘junk food’ is attributed to sugar sweetened beverages and...

Adam Smith's View on Fast Fashion Today

3 Pages 1354 Words
Remember when like a year ago when ‘Toms’ were a must-have wardrobe staple? Well, where is that pair now? Where is that flared purse charm you wore just once to that music festival? We live in a world where fast fashion is momentary, and consumer behavior and trends change faster than manufacturers can keep up. Let’s traceback that one funny...

Reflections on Adam Smith's Theory

1 Page 408 Words
The market is something that we face every day we are either consumers or producers it’s something you can’t avoid. For example, you run out of apples and you decided to go to the market and get some more apples that automatically make you a consumer. It is everywhere supply and demand. But it all depends on how one perceives...

Government Tax on Unhealthy Foods for Healthier Eating

2 Pages 693 Words
In this essay I'm going to be discussing the following: why the government has introduced a sugar tax and the results of this initiative, future plans to increase this scheme as well as potential alternate methods to improving the nation’s health without punishing the consumer. The government last year joined the ranks of many other nations around the world in...

Social Credit System in China

3 Pages 1587 Words
In the United States, citizens take their credit scores seriously since they can affect how they live their lives. They show the creditworthiness of people to lenders who then decide if these banks or credit card companies should provide people with loans if needed for purchases. In China, the government takes these scores more vigorously and instead of taking out...
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Does Scotland Need a Tourist Tax? An Essay

3 Pages 1292 Words
Tourism is a critical source of income for many countries but for Scotland in particular, it is a major source of revenue. Yet a substantial part of the money made from tourism does not go to the local council or benefit the whole population. Instead, the money is going into the hands of accommodation providers, cafes, restaurants and retail outlets....

Impact of NAFTA on Canada's Economy

2 Pages 883 Words
The North American Free Trade Agreement (NAFTA) is a treaty among Canada, the United States and Mexico that eliminated most of the barriers to free trade among the 3 countries. The agreement means purchasing certain items from NAFTA countries is often cheaper than buying similar goods from non-NAFTA countries. Thanks to NAFTA, enjoying Mexican avocados year-round is easy. Similarly, Canadians...
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Progressive Tax Vs Flat Tax: An Essay on What Is Fairer

6 Pages 2794 Words
The federal government collects revenue from income taxes, capital gains taxes, and payroll taxes. Tax rates depend on income types. Income taxes are progressive – that is, initial dollar amounts are taxed at a lower rate and additional dollars are taxed at higher rates. Income from investments (capital gain) is taxed at a flat 15%. Payroll taxes are charged at...

Blue Economy of Bangladesh: Opportunity for Sustainable Development

3 Pages 1573 Words
Nowadays one of the most highlighted topics for Bangladesh is blue economy. Blue economy refers to the economic activity based on maritime resources. The blue economy is the sustainable use of ocean resources for economic growth, improve livelihoods, and jobs while preserving the health of ocean ecosystem (WB). Blue Economy was considered at the RIO+20 UNITED NATION conference on sustainable...

Reflections on Whether Investing in Cryptocurrencies Could Be the Future

5 Pages 2394 Words
Cryptocurrencies are digital currencies that work under blockchain which secures and controls the transaction that occurs through the network. This was created to send online payment directly without the interface of the banks. This decentralized network was created by Satoshi Nakamoto so that anyone could use it but no one can own it. The first most popular type of cryptocurrency...
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The Importance of Cultivating Sympathy in Modern Democracies

5 Pages 2229 Words
Democracy is a highly contest term and is constantly redefined by modern contexts. However, the success of a democracy always relied on its ability to ensure political equality and liberty. Yet the struggles in modern democracies such as US and UK highlight the difficulties in achieving these goals. Ronald Reagan (1982) once proposed that to foster the infrastructure of a...

Macroeconomic View of the Greek Economy in the Period 2003–2019

4 Pages 1648 Words
Greece currently stands as the 51st largest economy in the world and are well known for their rocky economic history. Since joining the European Union (EU) in 1981, Greece had a steadily rising GDP, reaching its peak in 2008 at 354.5 billion USD (World Bank, 2019). However, in 2009 the country’s economy took a turn for the worst; declaring that...

Globalization and Its Effects on Employment

6 Pages 2847 Words
Globalization is the higher integration, cooperation, togetherness of various nations in numerous fields like defense, trade, business, politics etc. It is the strong interconnection between nations all over the world. Globalization also works in other various essential elements like competitively priced, social and environmental etc. If we speak about economic globalization, it deals with the increasing drift of products and...

Coronavirus Impact on Indian Economy

3 Pages 1332 Words
Coronavirus disease 2019 (COVID-19) is an infectious disease caused by severe acute respiratory syndrome (SARS-CoV-2). It was first identified in December 2019 in Wuhan, China, and has since spread globally, resulting in an ongoing pandemic. As of 25th may 2020 around 5.4 million people are infected around 2.17 million people have recovered and the disease had caused around 3,45,000 deaths....

Essay on Productivity and Economic Growth

5 Pages 2428 Words
Economic growth should be a positive force for the whole planet. This is why we must make sure that financial progress creates decent and fulfilling jobs while not harming the environment. We must protect labor rights and once and for all put a stop to modern slavery and child labor. If we promote job creation with expanded access to banking...

Do Rich People and Celebrities Deserve the Money They Earn? Essay

2 Pages 1011 Words
Over the past generations, there has always been three classes of wealth: the upper class, middle class, and the lower class. And not to mention, high Income earners likely are substantially educated, have high-status occupations, and maintain powerful social networks. The upper class, however, only makes up to 3% of the population of the United States, with 2% earning millions...

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