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Tag: economy

zahira schmidt
Global Economics in History

Global Economics in History

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Globalization encompasses the changes regarding international trade and economy; falling trade barriers, unrestricted capital flows fueled by technological innovation, and a new mobile global work force would all combine. The global economy transforms by online financial markets, transnational mergers and currency speculation that dwarfs trade in goods and services. It is crucial that countries guarantee they are fostering a culture that encourages alertness, responsiveness, flexibility, and speeding up the cycle time of processes and decisions. For in order to reap…

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Income and Expenses

Income and Expenses

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What is income? Income is the money that you make. There are several sources of income. The most common form of income is the paycheck you receive from your employer, usually either a weekly or biweekly basis. However, there are other forms of income besides a paycheck. Some other common forms of income include: • Child Support • Alimony • Unemployment Benefits • Interest Income • Dividend Income • Rental Income • Social Security Disability Income • Self-Employment Income •…

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Investment Options in Today’s Financial Market

Investment Options in Today’s Financial Market

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Each year you should make it a goal to save at least ten (10%) percent of your net income for retirement. One of the best ways to ensure that you save ten (10%) percent of your net income is to open up a retirement account and have ten (10%) percent of each one of your paychecks automatically deposited into it. This idea is what is often referred to as “paying yourself first.” In order to make this happen, you will…

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Budget Development

Budget Development

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What is a budget? This is a word we all know and use, but how accurately is it being utilized? A budget is a list of all planned income and expenses whether monthly, weekly, etc. Documenting your budget, whether on paper or digitally, truly helps you manage your money and how you spend it. By creating a budget and sticking to it, you are able to manage money in much simpler terms. By simplifying just this aspect of life, you…

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Wage Gap? What do YOU think?

Wage Gap? What do YOU think?

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Depending on whether one looks at global statistics or American statistics, there is a significant difference in men and women’s typical earnings. The focus here will be solely on data collected for the United States. I became extremely interested in this after a conversation I had with someone on campus so I figured I would share what I learned. The numbers tell a story but, where the numbers come from is a much more interesting one. The gender wage gap…

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Price Controls in A Free Market

Price Controls in A Free Market

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“There is no such thing as a free lunch.”   This has been a staple of economic education for years. Nothing is free and the thought that something can be given for free, with no relative cost, crosses over beyond the realm of naivety into ignorance and unrealistic expectations. Price controls, the establishment and maintenance of maximum price levels for basic goods and services by the government, are sold as a possible reality when in truth, they come with dangerous…

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