Month: May 2021
Medium of Exchnage
Money serves theree major functions i.e. medium of exchange i.e. people settle on something that will serve as a medium of exchange they select something to be money , serves as a unit of account i.e. serves as a unit of account, which is a consistent means of measuring the value of things and as
Data Visuals
With the use of advanced technologies such s the artificial intelligence and big data organizations leverage on private and public data sources to create social and economic value by analyzing and visualizing data insights that can be linked to a clear set of actions and it makes it easier to access, manage, and analyze data
Monopsony
Monopsony enables firms to be more profitable but can mean workers don’t share from the same level of proceeds as the owners of capital. It explains why with increasing monopsony power we have seen periods of stagnant real wage growth while firms profitability has increased for example firms can have monopsony power in employing workers
Profit Making Motives
The motive to make a profit is for everyone’s wish in any business and that is where capitalism start from and It is this rational self-interest that can lead to economic prosperity .Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and
Investment Saving
Investment has been the best way to beat inflation and live a good life but nothing comes easy. It’s not enough to simply save a lot of money ,if you want your savings to outpace inflation and grow into a nest egg, you have to invest. Learn what you need to know about investing for
World Exploration Through Travelling
Travel as a form of leisure has been around since the time of the ancients. For example, Eastern Asians used to wander both for exploration and to gain new cultural experiences. The Ancient Romans were known to have traveled to vacation homes, which are no different from today’s Mediterranean villas. Even back then, people made
Erie Canal-first major infrastructure project
The Erie Canal was built decades before the invention of dynamite to efficiently blast through stubborn rock, or steam-powered earth-movers and excavators to clear mud, rock and rubble. Instead, the thickly forested land was cleared and the 40-foot wide canal was dug and the locks were constructed by the raw manpower of an estimated 50,000
Where Universal Health Care Started
For children from poor families whose father had died or couldn’t work, there were day nurseries funded by charitable donations, Michel says. But there were no affordable all-day childcare centers for families in which both parents worked a situation that was common for low-income families, particularly Black families, and less common for middle- and upper-class
Suppressing Black-America Voters in Mississippi State Convention
At the 1890 Mississippi State Convention a new constitution was adopted that included a literacy test and poll tax for eligible voters. Under the new literacy requirement, a potential voter had to be able to read any section of the Mississippi Constitution or understand any section when read to him, or give a reasonable interpretation
Ban of Use of Poisonous Gas in War
World War I, both the Allies and Central Powers deployed noxious gasses to incapacitate the enemy or at least strike fear into their hearts. After early failed efforts by the French and German armies to use tear gas and other irritants in battle, the first successful gas attack was launched by the Germans against the