Category: Economic Problem

What is meant by the neoclassical (free-market) approach to business and how does it differ from a Socialist school of economic thought? Discuss their implications for people in contemporary economies. Today, the approach a business should take in order to be successful is often debated as it can have an impact on the contemporary economy.…

The Brusilov Offensive, which lasted from June to September 1916, was the straw that broke the camel’s back for Russia. The war was lost when Russia signed the Treaty of Brest-Litovsk following the 1917 revolutions. This essay will argue that the ‘June Advance’ was not necessarily a military failure since it inflicted enormous losses on…

Ill be honest, walking into my first economics lesson, I was skeptical, questioning if I had made the right choice. Growing up in Hong Kong, the citys position as a major hub of finance and trade was an unavoidable fact, with both my parents working in the financial sector; the sound of the talking heads…

Africa is a vast continent in our world, and it is also a continent which our ancestors came from. There is a long history along with Africa, and people here made a lot of miracles like pyramids. Back to today, however, Africa has some complex social issues, and the major one is poverty. I can…

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,…

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…

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 lifes too short to be pissed off all the time. Although hard to watch the…

Democrats introduced a bill last month to gradually raise the federal minimum wage to $15 per hour by 2024. The new House Democratic majority sees this as an attempt to live low-wage workers and boost the economy. and focus on policy priorities. If implemented, this bill will significantly affect the lives of many college-aged students…

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…

The minimum wage is the least amount of payment an employer is required to pay his or her employee. It is paid after completing a number of tasks the employer gives his or her employee. It can be hourly, daily, weekly, or monthly as per the contract agreement between the two parties. Minimum wage refers…