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By January 1, 1989, the US-Canada Free Trade Agreement was passed and put into power, liberating trade between the two countries. By January 1, 1994, the North American Free Trade Agreement (NAFTA) was ratified and enforced, eliminating tax tariffs between the three regions of North…
The NAFTA renegotiations began on August 16, 2017. President Trump chose U.S. Trade Representative Robert Lighthizer to address the United States. The three countries had needed to wrap up before the completion of 2017. Congress required a substance of the new understanding by mid-June to…
The word Trade defines the trafficking of materials and resources. When two countries interchange its products and resources, then it is termed as Trade. Sending products to other nations is called Export, while buying goods from other countries is called Import. The North American Free…
Political ideology is a fixed or settled set of ethical ideas, principles or foundation for a system, doctrines about the political, economic, social and cultural affairs held by the people and explains how the society should work on, how to allocate power and on what…
Poverty is a truth of reality that has existed since the dawn of man, a constant and disappointing fact of life. In fact, the vast majority of people throughout the earth live in poverty, with only a select few ruling the world. Many in the…
One of the United States’ 50 states, Hawaii, is known for its beautiful sceneries and full of natural environments. Due to its geographical location, located in the middle of the Pacific Ocean, Hawaii is fascinating enough to attract tourists and discover a long history and…
In the beginning of the 1870s, the United States entered an impactful period of American history known as “The Gilded Age”, which caused an outstanding transformation due to industrialization and urbanization. However, this era’s transformation created a mere facade for the corruption and classism. A…
China has experienced vast economic reforms which have extended since 1978 and have been accompanied by an indisputable income inequality. The economic growth bolstered by widespread industrialization has significantly reduced China’s poverty level. However, income inequality has taken a fast-paced upward trend beyond levels experienced…
Income inequality can be described simply as the income gap between the richest and the rest. It has increased in the UK over the past 30 years and has been concerned as an economic problem, which brings economic instability instead of growth and social problems….
This film happens in 2008. During that time, the world had a big economy. In 2011, the Wall Street has a big revolution and demonstration. Breaking the serious gap between the rich and the poor in the US society. The film explores the causes of…
The inequality involves different dimensions in the global, for example, income inequality, gender inequality and racial inequality, etc. The widening income inequality is a decisive challenge of our time. The gap between rich and poor has reached its highest level in decades. According to the…
What is Income inequality? It’s the study of the percentage of the discrimination of a group and or section of people based on background. First, statistics show that the average income of a person usually depends on a few things. For example, in most work…
Introduction Income inequality has been on the rise in recent years, Carmen Reinicke of CNBC found that the top one percent of earners in the United States took home an average of 26.3 times more than the bottom 99% of earners in 2015, which is…
Regarding macroeconomic challenges in Europe, the issue of income inequality is at the center of discussion in many areas in contemporary society and serves as an integral part of developed economies. In fact, from the economic point of view income inequality is widely viewed as…
‘LeBron effect’ has been the most potent economic impact during the 21st century so far. With three championships and four Most Valuable Player (MVP) awards to his name, LeBron Raymone James Sr is arguably the greatest or one of the greatest players to play the…
Karl Marx was very insistent when it came down to explanation of the nature of society. That is to say, he claimed that capitalism created a hostile, evil environment where people had no choice but to trade their souls for survival. Of course, Marx never…
Economics is a study of social science that analyzes the production, distribution and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how the country economies work. There are two types of economics that is Microeconomics and Macroeconomics….
In this essay an effort has been made to understand the different application of mathematics in economics and to analyze its usage in day-to-day life. It was also observed how the study of mathematics and economics could be combined and applied in our life. I…
The global economy has been shifting tremendously since 2016. Led by Brexit, rise of populism in the continent of Europe, and Trump’s presidential victory, globalization has been shaken to its core and has become blighted by uncertainty, both from a political and economic perspective. Political…
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