Reducing inequality in an economy is one of the important goals of any economic policy. A common way of reducing inequality is using taxes where the money is moved from the richest to the poorest.Answer and Exp
Cultural globalization.This aspect of globalization focuses in large part on the technological and societal factors that are causing cultures to converge. These include increased ease of communication, the pervasiveness ofsocial mediaand access to faster and better transportation. These three types of glo...
What's causing the so-called 'labor shortage'? Recent labor market data has sowed confusion for some over where workers have gone. The unemployment rate as of last month remains at an elevated 4.8%, still above the pre-pandemic 3.5% seen in February 2020....
Peter Gumbel:Sree, just turning to you now. You have just finished up a report onmanufacturing in America. Are you seeing the same tendencies in terms of manufacturing? Is there very intense pressure on these low-skill and middle-skill jobs?
Historically, the "younger" generation has always been seen as frivolous and spending too much. This is not the first time that the older generation points the finger at the younger generation. Some experts suggest that high spending and debt combined is causing millennials to move in with ...
And for some banks, the rates business has gone from profitable to unprofitable, causing some banks to exit the business altogether. Because of our large volume and low costs, we already have begun to make significant changes to this business and expect to maintain decent pro...
Thus, the country may fall into the predicament of declining economic growth or even experience economic regression, causing the country to be trapped in the middle-income status and lose the ability to stride toward the high-income status. After its proposal, the concept of the “middle income...
In an economy, the people suffering from poverty indicate that they are the ones who fail to afford to purchase things that are very necessary for maintaining a standard of living.Answer and Explanation: This is a situation that commences from growing up of a child in a poor family, and ...
The unprecedented heat resulted in higher mortality than the heatwaves of 2003, causing 5316 deaths attributed to extreme heat and 6738 deaths attributed to moderate heat (Tobías et al., 2022), breaking a tendency of reduced mortality due to heat since 2003 (Achebak et al., 2018). ...
Such equivocation has prompted "an impassioned de- bate among today's global health community about how UHC should be operationalized in low- and middle- income countries," particularly in Latin America [7]. Critical analysts have underscored how these ambiguities have both led to diverse ...