Tag: economics
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Credit Card Debt as a National Phenomena
Credit card debt is a phenomenon that is characteristic of the .. economy and banking system because the U.S. households prefer using credit cards and regularly report credit card debts. In this context, it’s important to examine what factors can influence the increases in borrowing and accumulations of debt. The phenomenon of the credit card…
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How Does Poverty Influence Learning?
People in poverty are diverse as people in any socioeconomics class. They present, like other groups, a wide array of values, beliefs, dispositions, experiences, backgrounds and life changes. As educators, in order to be responsive to the needs of our students, it’s helpful to consider the constraints that poverty often places on people’s lives, particularly…
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The Pros and Cons of Globalization
Trade has been the driving force of the global economy and interaction of communities since ancient times. With the technological advancement and evolution of society, international commerce is heightened. Currently, one can order goods from abroad and receive them anywhere around the world. The connectiveness of the countries results from increased globalization, which very much…
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Social Security Plans After Retirement
Life after retirement can be challenging, with several needs that need to be satisfied. For a comfortable life after employment, one needs to have a reliable savings plan enabling an individual to easily access services like healthcare. The social security plan formulated to protect people after retirement faces a financial crisis due to unemployment issues.…
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Growth and Medication Cost in the United States
The country’s spending on medications usually determined by three possible factors: the volume of drugs consumed and population of the country, drug utilization per individual, and the price and type of drug itself. However, in the U.S., the general inflation, which the health care policy has failed to control, is the main factor leading to…
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Biggest Economic Threat: Student Loan Debt
Argument Against: There are a number of reasons that can lead people to believe that student loan debt does not pose a serious threat to the economy. First and foremost, it is presumed that the government has a responsibility to ensure that all citizens have access to education. For this reason, any expense that goes…
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What Would I Do if I Won the Lottery
What would I do if I won the lottery? First of all I’d be happy as hell If I won a lot of money in a lottery event and would try to figure out what I’d do. Actually, I already know what I would do if I won the lottery. I would definetely invest in…
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Conspicuous Consumption and Race: Who Spends More on What
Fashionable clothes, jewelry, flashy cars…They are all items of conspicuous consumption that gives their owners status on the streets. Such groups, such as blacks and Hispanics, seem to spend more on such emblems of success than others. Or is it just a stereotype? Economists have long accepted the explanation for conspicuous consumption presented by Norwegian-American…
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What is My Dream Job?
I have had a lot of jobs over the years and some were good and others not so great, but to be honest, I really never of thought of having a “dream job”, but as long as it brought in good money I’m fine. I remember when I was younger I wanted to be…