What Does Any Threat to Democracy Mean? A power imbalance between any citizens and any other organization (be it an individual or governmental) where the state is protecting the latter signifies the diminishing strength of democracy. Any threat to democracy is fatal because the failed social structure exposes almost every Read more…
During and outside the game, the sports industry can provide a rich stream of data that economists can use to analyze vital issues. For example, we can study discrimination, racism, gender difference, wage gap, game theory, and during gameplay, what drives entertainment, what type of content generates the most revenue, Read more…
Today, the world doesn’t face a wealth crisis but rather an income inequality crisis. Simply put, wealth is unequally distributed.
Pesticides, in their modern form and perception, are any substances or chemical compounds utilized in pest management of any kind. Until the agricultural revolution, pesticides took the form of natural sulfur compounds or smokes to fight mildew and blight, after which saw the use of industrial by-products (i.e. nitrophenols, petroleum Read more…
Economics is inherently a study of scarcity by determining the cause-and-effect relations between all sorts of things. Without scarcity, the need to quantify things and gather vast amounts of data wouldn’t arise. Lack of resources — and therefore the question of how to distribute them — provides an incentive to Read more…