Amazon is among the four great Big Tech companies dominating market. In recent years, these Big Tech companies have garnered scrutiny at home and abroad. Google ran afoul with the European Union resulting in $9 billon dollars in fines. Facebook has received criticism for failing to address fake news story on its platform. These two giants while increasingly powerful deal...
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How true the statement âinsurance fraud is a victim-less crimeâ is, is debatable. Whatâs not debatable is that workersâ compensation fraud committed by businesses has huge impacts on the lives of thousands of employees in North Carolina. We are too focused on the crimes committed by workers targeting to collect undeserved benefits that we turn a blind eye on fraudulent...
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Inequality, in its myriad of social and economic forms, is a persisting issue in Latin American society. As of 2014, Latin America was found to be the most economically unequal region in the world: just 10% of the richest Latin Americans controlled 71% of the regionâs wealth (Ibarra, 2014). When wealth is concentrated in the hands of the few, often...
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The demand for OSVs is strongly connected to the number of rigs employed by the exploration and production companies. The demand for certain specialized OSVs may be driven by factors other than the oil prices, but those are the exception rather than the rule. According to Clarksons Research, since the oil price slump, rates for rig have fallen more than...
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Money makes the world go round, well that saying is partially true. Money influences our decision-making process. As emphasized in âStudy Reveals Who Influences the Financial Behavior of Childrenâ by Copywriter Jessica Horton, the fact that 44% of Americans learned the most about personal finance from their parents (Horton). The way we handle money is affecting our future and our...
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Minimum wage is the minimum hourly wage an employer is allowed to legally pay his or her workers a day. It was created as a direct result of the Fair Labor Standards Act in 1938 and provides a set minimum income. The current minimum wage in the USA is at $7.25 an hour. Although different states have varying minimum wages,...
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Income inequality not only puts us in harm, but affects our physical and mental well-being. With that being, it is important to know the correct ways of distributing the wealth among people. Income Inequality has affected citizens in the United States ever since the American Dream had come into existence. The American Dream is the concept of having the ability...
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Discussion of inequalities has long been at the forefront of economic and political debate due to the concerns regarding the widening gap between the rich and the poor. Income inequality describes the extent to which income from revenue streams is distributed unevenly amongst the national population. Statistics from the Organization for Economic Cooperation & Development (OECD) depict the United Kingdom...
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Minimum wage laws have been a topic of social, economic, and political debate for decades. As most things, there is generally never an answer that seems to make everyone happy, and this topic usually sparks mass debate. This is at both a state and federal level, as a fair percentage of states have a higher minimum wage than federally required....
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A monopoly is an exclusive possession of the supply of or trade in a commodity or service. After being offered the position of Junior Executive and thinking about the pros and cons of each side, I have concluded to accept the role of Junior Executive at Mega Avocado Corporation. Three main points that support my claim are the data from...
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Prior to the late 19th century, America played a minimal role in worldly matters. However, this isolation would change due to imperialism, which is the political, military, and economic control of powerful countries over weaker territories. European nations and Japan initially started the race of acquiring new territories in the 1800s, and in due course, America would join in on...
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Workersâ compensation previously known as workmen's compensation is a form of insurance given to an employee who is injured in the line of duty. It is presented in form of payment of money commensurate to the work or medical services needed by the injured persona. The employer is mandated to show humanity and avoid litigation. While there are many plans...
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Smartphones market is a good example to show that the advances in technology that can reduce the input cost of production easily by shifts in a supply curve. In this 21st century, technology became advances that can improve the efficiency of production and this will cause the supply curve shift to the right. The lower the cost of production goes...
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The issue of money in politics is not new. Those with the biggest pockets are able to sway government policies through donations, fundraisers and campaign finances. Analyzing this from a comparative politics perspective can prove difficult, as countries tend to deal with this issue in different ways. In America, the existence of PACâs and Super PACâs gives way to a...
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On the 23rd of June 2016, the United Kingdom held a referendum to decide on the future of Great Britain. As stated in the journal, âThe economics of international disintegration by Thomas Sampson (2019)â, âBrexit is the withdrawal of the United Kingdom from the EUâs supranational political institutions and will lead to the erection of new barriers for the exchange...
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Unemployment is a key financial marker since it flags the inability of employees to promptly acquire profitable work to add to the beneficial yield of the economy. The more unemployed people, the lesser economic production. Unemployed people also need to keep up in any event subsistence utilization during their time of unemployment. This implies the economy with high unemployment has...
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Author Burton W. Folsom Jr.âs book âThe Myth of the Robber Barons; A New Look at the Rise of Big Business in Americaâ is an excellent example of a book which presents an evidence-based argument. He divides the book into seven chapters based on the most prominent business Moghuls during their era. The author uses historical anecdotes to prove that...
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Immigration has been a significant impact on Americans' dreams since the late 1800s-1900s involving around ten-million immigrants getting into us. This has stimulated resentful attitudes from Americans as a result of immigrants obtain their dreams here, rental immigrants have a touch additional attention than Americans do. To measure the American Dream would be to measure in peace with no worries...
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As students, you are already having a few adult responsibilities. One of such is budget planning and management. A large percentage of students will not be living with their parents but are living alone or with a roommate or with roommates. How then can you ensure that you properly manage your finances? That is actually the whole essence of this...
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I agree with Shapiro and Varian's statement of technology changes, economic laws do not. I would say economic principles do not change but evolve as technological advances take place and have a significant influence on shaping our modern-day economy. As the technology that surrounds us and is immersed in our daily life advances, it changes the efficiency and level of...
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An era seeing vast social, political, and economic changes, the Progressive Era from 1890 to the 1920âs was a steppingstone in correcting democracy and eradicating widespread issues spawned by monopolistic industrial figures. A precursor in laying the framework for WWI and the Roaring Twenties, the Progressive movement saw a dramatic rise in industrialization as movement supporters were avid modernizers. Nonetheless,...
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Venezuela was once the richest country in South America where its economy was supported by large oil reserves. Its oil accounted for more than 90% of its exports and the Venezuelan government relied heavily on the sales. The oil exports were also a way to provide the country with imported consumer goods. However, under years of mismanagement from President Hugo...
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As we know that necessity of humans always come first. People have three essential things first in their life, nourishment, haven, and garments however these days most individuals don't have these fundamental things for enduring. The greater part of the created nations confronting destitution issues. On the other hand, government spend more and more money on space research. Envision you...
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The state of Europeâs current economic recession taints all promise for its future, its excellence, and its international prestige, as manufacturing in the EU has hit its lowest point since the previous eurozone crisis in October 2012 and is expected to stay this way for the rest of 2019. Although the euro, a common currency shaping the eurozone as a...
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Egypt has one of the longest histories of any other nation, tracing its heritage until the sixth or fourth millennium BC. Egypt saw some of the earliest developments in writing, agriculture, urbanization, organized religion, and central government. The Egyptian economy depends mainly on agriculture, telecommunications, oil and natural gas exports and the tourism industry. Also, more than three million Egyptians...
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Income inequality is a major issue in the United States. We often hear how people cannot get basic things such as healthcare or put food on a plate 3 times a day. These are dire conditions for many people that are under the poverty line. These are basic living needs that many people in the upper-middle-class donât need to worry...
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Philosophers from different parts of history are still studied today all over the world. The works of people like Socrates and Ibn Sina, which were written thousands of years ago, are still continuing to be discussed by intellectuals. So why is philosophy so important? Why must we continue to discuss the works of people who lived in ancient times? Well...
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The great number of modern theories explaining the role of central bank in each country were established based on British journalistâs Walter Bagehotâs paper (1873), where he explains the workings of banking system of his time. In first chapter of the book writer points out the seriousness of the danger of possibly bank runs, when commercial banks has insufficient equity...
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Capitalism, the foundation of many countries, is today the most widely spread economic system in the world. It goes without mentioning that capitalism was and still is most concentrated in one country in the world, and that is the United States of America (USA). But how did this happen? How come the USA developed into such a big capitalist superpower?...
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Inequality can come in many different forms like gender, racial or social inequality. In this essay, I will focus on economic inequality as it often exaggerates and contributes to the other types of inequalities mentioned. Economic inequality comes in two forms mainly: income and wealth inequality. There are many different measures of inequality: using the Gini Coefficient, ratio measures or...
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