Being the largest country with an area of 17,075,200 square kilometers (6,592,800 sq mi), Russian Federation also known as ‘Mother Russia’, is full of blessings to earth, containing a wide range of natural resources including world’s largest natural gas reserve (2nd largest producer), oil reserve…
Social Stratification When it comes to the growth and progress on an economy there are numerous aspects that play their part. This can be seen in the fall of many economies where they neglected a single aspect that was seen to be minute. Even so,…
Inequality, in its myriad of social and economic forms, is a persisting issue in Latin American society. As of 2014, Latin America was found to be the most economically unequal region in the world: just 10 percent of the richest Latin Americans controlled 71 percent…
Since 19th century, the economists tried to identify and explain the major causes that lead to inequality but always obtaining a scarce consensus. The first was Marx in his book ‘The Capital) that pointed exploitation as the main cause, where people in upper classes get…
Every morning, 63% of Americans wake up and grab a cup of coffee, whether it be an iced, sugar-free, vanilla latte with soy milk or just a simple cup of black coffee (DeRupo). Coffee is the morning necessity that many can’t seem to get through…
Coffee has played an important role in society and in todays modernised world and has a rich history dating back centuries. In the West, both coffee and tea are precious commodities, both used to enhance productivity or to enjoy in social settings. Coffee and tea…
People’s preferences can be broken down into left and right voting preferences. Dalton (2010) characterises a Leftist citizen as “supporting more extensive social services, a larger role of government in managing the economy, and policies to ensure the well-being of the working class.” While “the…
While it is true that voters tend to vote for what they perceive to be in their best economic interest, and they generally won’t vote against this interest, that is not to say that there are other determinants which, combined, may have more influence overall….
Singapore is a Southeast Asian island country located at the southern tip of the Malay Peninsula between Malaysia and Indonesia and separated from the mainland by the Johor Strait. Owing to its proximity to the equator, Singapore is blessed with a tropical climate around the…
Introduction Without taking the risk, banks, the important financial institution, cannot be in running order (Matthews & Thompson, 2014). In business term, bank is defined as an institution authorized by a government which provide financial services, for example, accepting deposits, paying interest, making loans, etc.,…
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