Essays on Economics

Abstract With the active development of E-commerce, the number of online transactions by credit card is increasing rapidly, there are many risks to be taken into consideration by the financial companies whose most of the payments are made by credit card. Finance fraud is growing...

The Big Short is a film based on a non-fictional movie covering the financial crisis of 2007-2008 before it even happened. This movie not only focuses on the events that led up to the financial crisis, but men that saw the crisis in advance. The...

Foundations of the Revolution The mid to late twentieth century saw a revolution that dramatically changed the field of agriculture and is known as the Green Revolution. It saw a substantial increase in agricultural productivity due to the introduction of high-yield varieties of grains, the...

America has a long history with individuals moving to America since the 1600’s. Everybody trusts that America is this extraordinary nation of expectation and chance to have a superior life where individuals touch base to achieve their fantasy. In any case, others don’t get that...

The main elements of Weber’s ideal model of bureaucracy included division of labour, hierarchy, and selection of staff based on technical competence. It provided for officials to be appointed, not elected, fixed salaries and promotions based on seniority of service. Weber suggested a model for...

Introduction Early Life On June 5, 1723 Adam Smith was born, at Kirkcaldy, Scotland. His father was advocate, solicitor and prosecutor by profession. Burgh School of Kirkcaldy was one of the best schools in Scotland and there he learnt writing, mathematics and history. At the...

Abstract Trust and reputation systems are always subject to attacks if an adversary can gain a benefit in doing so. The list of different attacks against them is extensive. Assaults like knocking, newcomer, Sybil, intrigue and numerous more are liable to ebb and flow inquire...

The model of bureaucratic administration dates back to the ancient civilizations of Egypt to China, India and Rome. It is known for its keen interest in official organization and its insistence on the rules, official methods and purely procedural aspects. But it was developed in...

The consumer goods we buy in our day to day lives have a lot of work and a big story to tell behind their making, but the story may not be so pleasing. Sweatshops commit an abundance of crimes that most of us are unaware...

In 2009 there was a federal legislation passed called The Credit Card Act, also known as the The Credit Card Accountability, Responsibility, and Disclosure Act of 2009, to protect people who own credit cards from commiting excessive lending that is placed and practiced by the...

Abstract Credit card can be useful tool for consumers build credit and grow their credit scores. On the other side they can be harmful when people depend on credit card to pay for all their expenses and fail to pay their credit balance. The main...

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...

To raise the issue of globalization how linked we are in our present culture and where it comes from, one of the primary ways that has evolved over time is through trade routes and the concept of all trade paths is the Silk Roads. Evidence...

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...

Summary Throughout history, tracing social welfare can be seen through the interrelationships of political, economic, and religious overtones that defined social welfare in different societies and of today. In the readings, the development of social welfare evolved from communal, involuntary aid to a more complex...