health
What is the role of firms in a market economy?
The role of firms in an economy. Firms employ different factors of production. This includes employing workers (labour) to produce goods and services. By ...
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education insights
What is the impact of the ongoing strike action on the economy?
Whilst there are potential benefits from strikes (e.g. better work morale,lower absenteeism, or improved labour productivity), strike action also brings a...
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global news
What are the main economic activities in the parishes of Jamaica?
Jamaica’s most important modern economic activities are tourism, bauxite mining, agriculture and manufacturing. Tourism is now the country’s largest earne...
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education insights
What are the problems in East Africa?
East Africa is affected by a wide range of climatic shocks and stressors, including droughts, floods, heatwaves, pests and diseases, among others. What is...
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environment
How is Ghana a developing country?
Ghana is considered to be a less economically developed country mainly because of the fact that it is not very rich. Ghana’s GDP per capita is 6622.50 GHS...
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health
How has the radio impacted the world?
From there, radio evolved into a steadfast means of communication for pilots, ship captains, truck drivers, law enforcement, emergency services and many m...
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business
Is tax always shared between buyers and sellers?
But how the tax incidence, or tax burden, is shared between buyer and seller depends on the elasticity of both demand and supply. The buyer bears a greate...
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technology updates
What roles did African slaves play in the American economy?
Recruited as an inexpensive source of labor, enslaved Africans in the United States also became important economic and political capital in the American p...
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business
What countries are not part of the OPEC?
The 13 non-OPEC countries taking part in the agreement are: Russia, Azerbaijan, Bahrain, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Ru...
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public affairs
Why were the crops so important to the economy of the South?
Crops such as cotton, tobacco, rice, sugar cane and indigo were grown in great quantities. Cotton exports made up two thirds of the total value of America...
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