How is China Challenging the USA as the World’s Main Superpower?

A superpower is a very powerful and influential nation. Such influences include soft and hard power. Soft power includes the country’s culturally influential power upon other countries.

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Economics of Elon Musk

Most of Elon Musk’s ideas are based on simple economics, simply supplying the people with what they demand, in a right and proper manner.

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The War Over Fruit and Veg!

Aside from your standard 20% off and buy one get one frees that you see as you walk the aisles of supermarket chain Tesco, their corporate office has recently announced a deal with the grocery wholesaler Booker.

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Interest Rates Rise For The First Time in Over a Decade: Is it in Our Interests?

On the 2nd November the UK saw a doubling of the Bank of England base rate from 0.25% to 0.5% and whilst this is deemed to be a miniscule change, it marks the first rise in borrowing costs for a decade.

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The Myth of Getting Rich Quick

We’ve all thought about it, the idea of getting rich quick. The idea of making lots of money in a short time period has long since haunted man, because, in economic terms, it makes no sense.

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Flat Pack Furniture's Future is Being Assembled

A typical visit to IKEA has not changed in the fifty years since the Swedish flat-pack furniture first opened its doors in 1958 in Älmhult, Småland. Couples and families of all ages make their way through the massive stores, fuelled on meatballs and cranberry sauce

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Money: The Economic Glue That Holds The World Together

Money makes the world go round, it really does. Look everywhere around you, and you will find money changing hands. Everybody has certain goods and services that they want to buy, and everybody around the world does this with money, making it so important. What is it about the concept of money that gives it this omnipresent rule in the global economy.

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Government: The Umpire of the Free-Market Economy

Good government makes a market economy possible, period. And bad government ruins the positives of capitalism, which is one of the many reasons why people around the world are in poverty.

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Government: The Perfect Cure?

Externalities are a problem, and they will continue to be as long as the consumption of goods and services has third-party costs. The reason why they are such a big problem is that because no-one is accountable to deal with and lessen the effect of such externalities.

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What we can learn from Amazon

It has been a long road for Amazon since 1994 when Bezos made the life decision of pursuing a goal he had envisioned. We should accept that many businesses and companies have had no choice but to end because of the ever-growing Amazon.

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Kenya Runs Ahead in the Money Game too

On the streets of Nairobi, the hustle of trade consumes everything around you, yet much of this happens without a banknote or coin in sight. In 2012, Uber made it possible for you to pay for your taxi by your phone, but this was possible in Kenya since 2007.

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Why you should buy Disney stock right now

Ever heard of Disney? Of course you have. The name is everywhere; movies, shows, amusement parks. Disney is a media giant, producing some of the most famous entertainment the world has ever seen; and at the moment, Disney (NYSE: DIS) shares appear to be trading at a 27% discount to the overall market. 

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The Curse of Externalities

Anyone who tells you that markets left to their own devices will lead to socially beneficial outcomes has got it all wrong. The fact that there is a large gap between the private cost of some activity and the social cost, and markets fail to make us better off, shows how markets won’t always lead to socially beneficial outcomes.

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