Economics

Economics is the study of the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (house) and nomos (custom or law), hence “rules of the house(hold).”A Lionel Robbins in his 1932 essay: “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.” Scarcity means that available resources are insufficient to satisfy all wants and needs.

HIH Auditing Report

As the second largest insurance company in Australia, HIH Group was constituted by more than 240 subsidiaries at one time. It operated within 16 countries, covering the business over five continents. However, HIH went into liquidation in March 2001, with …

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Afghanistan’s Economy

There are many concerns that come to mind when discussing the current state of Afghanistan’s economy. Twenty years of war has crippled the economy and citizens must find ways to survive day-by-day by scrounging enough food for themselves and family. …

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The United States Economy

Editor’s Note: Explore the US real GDP trends from 2004 to Q1 2009, analyzing economic growth, key contributors, and the impact of the 2007 financial crisis. This essay delves into how consumer spending, exports, and government interventions influenced GDP. Understand …

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Poverty in America

Poverty
There has always been a problem in America that continues to grow each year. This problem is known as poverty. To understand people from poverty, one must understand what poverty is. Ruby Payne defines poverty as, “the extent to …

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