Environment or Development? One of the most controversial ethical issues in the modern business area is the conflict between environmental protection and economic development. Economic development demands that a large number of products be produced in a time as short as possible. Mass production, therefore, requires the involvement of factory work that would generate a lot of wastewater and air...
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Considering the advancement in the field of medicine, the average life expectancy of an individual has increased from 60 to 69 years on average. For most of us today, the major concern is being able to maintain the same lifestyle after retirement as we are living today. But, is it really possible? Yes, it is! And, this is what we...
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Healthy living is being mindful of one’s own physical, mental, and social well-being. In recent years, there has been a greater need for seniors to maintain a healthy lifestyle after retirement, primarily to minimize healthcare costs for an aging population. In light of this issue, the government has modernized health infrastructure and initiated disease-preventive and healthy aging projects alongside organizations...
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With a population of 32.7 million, Malaysia is a multi-ethnic religious nation, distinguished primarily by three major ethnic groups: Malay and indigenous people, Chinese, and Indians. Malaysia has been effectively converting itself from a poor nation into a middle-income country since its independence in 1957. Despite difficult external factors, the economy of Malaysia has shown periodic expansion. It may also...
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Crime and violence is a development issue. The high rates of crime and violence have both direct effects on human welfare in the short-run and longer-run effects on economic growth and social development. While levels of crime and associated circumstances vary throughout different countries, crime and violence have reached a worrying high, and their apparent rise in recent years is...
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Theoretically, economic systems are imperative for the efficient allocation of scarce resources across society and the protection of its citizens on a national and globular scale. One of the most renowned of these systems is capitalism, in which autonomy is granted to its members, allowing them to trade in a free market, less encumbered by regulation to achieve greater efficiency....
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A society is composed of people who live interactively in the same territory and share a similar culture. In most cases, individuals in a society share a common culture and have a common origin. The type of society determines the social practices practiced in society, that is, different communities exhibit different ways of survival. For example, different communities have different...
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Banking as an industry processes cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and loans. They offer savings accounts, certificates of deposit, and checking accounts. Bank loans and credit mean that families don't have to save before going to college or buying a house. Banking plays a significant role in the economy of...
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The World Bank is an international organization that has the largest sources of development assistance that help its group to develop countries with various goals to make sure people around the world can live a better life by eradicating extreme poverty and hunger, achieving universal primary education, promote gender equality and empower women, reduce child mortality, improve maternal health, combat...
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The average price of gas has been constantly inflating our economy. Of many countries, the US is one of the few places where a household commonly owns more than one automobile. Due to the current conflict between Russia and Ukraine, gas prices have skyrocketed. Russia ended up pulling the plug on the gas and oil supply. Tesla, an electric car...
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Shockingly, 57 million children across the world don't have a school to go to. This is atrocious for the kids as well as the country they are in because without formal education it is hard for a country to develop. This information arises the question of how access to quality education positively impacts children as they become older. Access to...
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Poverty refers to shortages of basic things like food, shelter, housing, and health facilities. Although the UN defines poverty as when a household earns less than 1 dollar per day, poverty goes beyond this. Poverty is a result of poor politics, harsh climatic conditions, and unequal social and economic welfare. Various measures can alleviate poverty. Firstly, through the provision of...
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Energy is a prime requirement of our day-to-day life functioning and thus in general words energy is defined as the ability to do work. In the present world, energy plays a very important role in day-to-day life. In ancient times, wood and fossil fuels were often used as sources of energy. The amount of energy consumed is an indicator of...
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Financing is a skill that should learn by everyone. The management of finance is about taking good care of the money for investment, savings, and putting it in the right place. Based on invertopedia.com, finance is a broad term that describes activities associated with banking, leverage or debt, credit, capital markets, funds, and investments. The main resource for it is...
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Money is one of the most significant fundamental factors that influence social customs; it makes people greedy and corrupt; even worse, it causes family collapse. Due to the background of 'The Rocking-Horse Winner', it is the period of Western industrial civilization where materialism is extraordinarily prevalent and money is the symbol of social status. In the introductory paragraph, Lawrence makes...
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Judith Teichman in her book 'The Politics of Inclusive Development' explores the politics of inclusive development through an in-depth analysis of four case studies, Mexico, Indonesia, Chile, and South Korea, each with clear-cut development paths and different social welfare and distributive outcomes, and places these cases in the context of international development thinking and practice. The book tries to tackle...
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It has always been implied that men have participated more in the economics of labor. However, the engaging role of women in labor has been disregarded due to the ideals of both gender distinctions. The following essay will identify the changing gender norms in economic production in the 20th century. This time of era recognized women as capable to be...
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With loud machines that produce millions of products to profit the rich, capitalism continues to be glorified. Capitalism is constantly portrayed as the ideal economic system, one that promotes freedom and hope. Communism, on the other hand, carries a terrorizing and despairing image. Positive Western ideas of capitalism have matriculated on a global scale, hiding the violence that happens behind...
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Whenever you are doing transactions online or in-store, are you tired of forgetting your credit card somewhere, or being asked to provide your Zip Code or three-digit secure code at the back of your credit card, well say hello to easy, secure, and worldwide transactional means called cryptocurrency that avoid all this. The technologies of cryptocurrency have a major capacity...
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Income inequality has been a growing issue within the U.S. for decades. People are becoming increasingly richer while the poor somehow becomes poorer. People are starting to see polarization and communities are becoming increasingly divided. Many would think if this was an ongoing issue, then why is this widening gap continuing to increase? First, it is important to understand what...
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The digital economy in world creates efficiency and is beneficial to connect the whole world within a single framework. It is also termed a new economy. The digital economy was first coined by a Japanese professor at the end of 1990. The digital economy is termed because digital technologies help the economy by providing several inclusive opportunities. The broad scope...
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Employer-employee relationships are controlled by a number of rules known as employment legislation. Discrimination, legal working ages, and safe working conditions are some of the issues covered by employment legislation. Employment code violations are typically treated as legal matters and are resolved by civil courts or disciplinary proceedings. Many complications and disputes could occur in an employer-employee relationship if there...
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One of Sicily’s prominent filmmakers, Giuseppe Tornatore, transcended the Italian film industry by breaking the conventional, stereotypical and ordinary. On the 17th of November 1988, Cinema Paradiso was released and it is a product of his creativity that helped the Italian cinema to its peak. The film follows the life story of a notable film director Salvatore di Vita who...
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This week, the city council will be voting on whether to increase the minimum wage in our city to $15. It is reported that some workers are making as little as $7/hour or $9/hour in our city. As a council member, before I make a decision on whether to vote for the minimum wage increase or not, it is important...
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Issues Employees Employees are vastly affected by the changes in the minimum wage. This is because what they earn has a drastic effect on their living such as choices in financial expenses. Through the perspective of the employees, the standard economic model of supply and demand suggests that the higher the wages for a job are, the more of the...
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Black and White Flashbacks: Looking Our Racist in the Eye In the film, American History X, he portrays the profound message of how prejudice and hatred can change people and bring them closer together. Shows how “hate is baggage and life’s too short to be pissed off all the time.” Although hard to watch the film American History X, the...
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Minimum wage: Labor wage or welfare regulator? Minimum fee: criteria for approving The criterion for approving a minimum wage is what the economic measure is for a troglodyte for an unqualified labor force, the basis for prestige for approving a troglodyte for a qualification is labor force and, before that, a goldmine for pay for a worker in the same...
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Abstract Using our knowledge and research of wage and hour laws to study minimum wage, law monitoring, statistics on entry leveled citizens and the labor economy: Locating the opportunities and obstacles between minimum wage laws, it will be determined on the occasion that minimum wage laws should or should not be abolished. The unique ways that companies and states have...
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Ever wonder why jeans have that little 5th pocket? Well, originally it was for a pocket watch. But it became known as a coin pocket for many decades. This will be hard to believe but there was a time, before cell phones, when these physical phones were placed in public places like street corners, schools, and restaurants and that’s how...
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General Purpose: To persuade Specific Purpose: To convince my audience that raising the minimum wage is not a good idea. Central Idea: Increasing the minimum wage is not beneficial to the economy. Introduction I. Lately a popular source of debate has been the topic of minimum wage. Although there are many who will argue raising the minimum wage will be...
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