Unemployment is defined as 'People willing and able to work at the current rate of pay but who are unable to find a job'. There are a number of types of unemployment, including structural, cyclical, seasonal and frictional unemployment. Unemployment is a key measure of...
Is it fair that Teachers and Professional Athletes are paid differently? I think the real question should be if they can even be categorized the same. I don't believe the wages of the two can even compare, simply because who is to say one is...
The lowest wage permitted by law or by a special agreement is a country’s Minimum wage [1]. With a population of 7.6 billion people in the world of whom 2.5 billion live on less than $2 a day [2]. The cost of water in the...
Inflation rate is a significant variable in economy and affected nation’s balance of payments. It is determined as a stable increase in the overall price level of goods and services in the economy. According to Quah and Vahey (1995), inflation rate is general increase in...