Categoría: Economy

One of the traditional arguments for a free market economy is that it provides businesses with a tangible incentive to offer goods and services that people want. That is, firms…

Unions are voluntary associations of workers formed to improve the negotiating leverage of their members through collective bargaining.1 Workers and employers need each other to create economic value, but often…

A command economy is one in which a centralized government controls the means of production. This has both advantages and disadvantages when compared to a free-market economy, which is an…

What Is a Plutocracy? Plutocracy is a government controlled exclusively by the wealthy, either directly or indirectly. A plutocracy allows, either openly or by circumstance, only the wealthy to rule.…

As the COVID-19 pandemic shut down the U.S. economy, many companies were unprepared for everyone to suddenly be working from home, leaving them scrambling to set up remote procedures. “More…

he past two years may have been the most peculiar recession and recovery in living memory. In 2020, the human tragedy of the COVID-19 pandemic triggered a global economic downturn…

Mobile-payment wallets have taken the Southeast Asian payments sector by storm, but where next for this groundbreaking technology? Three leaders in the field share their insights. DOWNLOADS Article (10 pages)…

What is an Official Strike? An official strike is a work stoppage by union members that is endorsed by the union and that follows the legal requirements for striking, such…

What Is the Black Economy? The black economy is a segment of a country’s economic activity that is derived from sources that fall outside of the country’s rules and regulations…

Labor unions are associations of workers formed to protect workers’ rights and advance their interests. Unions negotiate with employers through a process known as collective bargaining. The resulting union contract…