The terms sector, industry, and market have been used extensively in business communications and other materials or literatures such as reference books, academic and professional […]
Tag Archives: Economics
The Purpose of the European Union
The European Union or EU emerged as a political and economic union after the Second World War. It was the successor to the European Economic […]
Difference Between Internationalization and Globalization
There is a relationship between internationalization and globalization. The two have some overlaps in their respective definitions. However, when comparing the entire scope of their […]
OPEC Explained: Purpose, Importance, and Criticisms
The Organization of the Petroleum Exporting Countries or OPEC is an intergovernmental organization composed of 13 countries with proven oil reserves and the capacity to […]
Impacts of the Great Depression
The Great Depression or the Depression of the 1930s that started in the United States in 1929 and affected most countries of the world emerged […]
Economic Globalization: Advantages and Disadvantages
One of the three major dimensions of globalization, alongside political and cultural dimensions, is economic globalization. It represents the process involved in the accelerated cross-border […]
Explainer: Causes of Hyperinflation in Venezuela
The hyperinflation in Venezuela is one of the offshoots of a political and socioeconomic crisis that brewed under the presidency of Hugo Chávez and has […]
Mortgage-Backed Security: Explained
A mortgage-backed security or MBS is a type of security or financial instrument. To be more specific, it is an asset-backed security made up of […]
Explainer: Why Did The Great Leap Forward Fail
The Chinese Communist Party uprooted the National Party in 1949. Mao Zedong spearheaded this defining moment in the modern history of China. It is also […]
Legacy of Karl Marx: Accomplishments and Contributions
The accomplishments of Karl Marx transcend beyond his death on 14 March 1883. His legacy centers on the lasting impacts of his theories and concepts […]