Before the innovation of technologies, opening a manufacturing business was difficult due to the lack of production and huge cost expenditures. However, with niche products and advanced technologies, now it is possible for entrepreneurs to venture into manufacturing industry. The term manufacturing business refers to any business that uses components, parts, or raw materials to … More Starting a New Bakery Business?
This is like a little sequel to my previous blog, if you read the last one then this one will add onto the major point of it. In case you haven’t read my previous blog then you can finish this then proceed to read my last one. Back to the business. We all know that … More Price Floor: Airlines!
One of the main issues in economics is the extent to which the government should intervene in the economy. Free market economists like Adam Smith argued that for the best efficiency, individuals are usually best left to their own devices without the heavy hand of government guiding their actions while others claim that government intervention … More Would Rent Control in London Be A Disaster?
During the 19th century the prevalent idea was that taxes should serve mainly to finance the government. In earlier times, and again today, governments have utilized taxation for other than merely fiscal purposes. The issue; The people’s republic of China is a country known for its economic success and part of the reason would be … More Why the Us-China trade war is hurting consumers
Introduction In the field of economics, with no surprise, we have landed on governments. Try as I might, no matter how much I try to run from this (like my responsibility), I always have to deal with it at the end of the day; Government Intervention. We have seen it all coming, and we can’t … More Government Intervention: Just Can’t Keep Their Hands to Themselves
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