Economics

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Home prices in some cities around the world are sky-high.

Cities With The Most Expensive Average Home Price

Shelter is a basic human need. But millions of people around the world simply cannot afford adequate housing. Here is a list of ten cities with the most expensive average home prices.

June 16, 2020 10:51

The US is actually self-sufficient in basic food production.

Where Does The Food In The US Come From?

The US is actually self-sufficient in basic food production. Not only that, but the country also provides food for a large part of the rest of the world.

June 12, 2020 11:00

The majority of the meat consumed in the US is not from China.

Does The US Import Meat From China?

The US actually does import multiple types of food from China. Including meat. The majority of the meat consumed in the US is not from China, however, some of it definitely is.

June 9, 2020 12:00

The self-sufficiency of a system can be viewed as a feature that allows a particular system to exist without the help of other systems.

What Is The Economical Self-sufficiency Of A System?

You might think, planet Earth is a self-sufficient system, because all the resources we need are here, right? But, imagine if there was no Sun, for example. There would be no light, and no light means no photosynthesis of plants, which means no food for anyone. 

June 8, 2020 11:17

Zinc ingots. Image credit: Bjoern Wylezich/Shutterstock.com

Canadian Provinces By Zinc Production

By looking at zinc mining in each province in which it exists, we can gain a better understanding of Canada’s zinc industry as a whole. 

June 5, 2020 06:00

What's The Alternative To Capitalism?

Most of the time it seems like the only thing people can do is accept the presence of capitalism and hope for a better future. But, what is that better future?

June 3, 2020 18:00

Junk bonds are far riskier than other types of bonds. Image credit: picpedia.org

What Is A Junk Bond?

Junk bonds are bonds for corporations that carry a much higher risk of default. Therefore, these investments can be incredibly risky.

June 2, 2020 08:00

We live in a world where everything revolves around private ownership and the uncontrollable spending of natural resources

Is Capitalism Doomed To Fail?

In a world where everything revolves around private ownership and the uncontrollable spending of natural resources, we can not help but worry about the sustainability of this economic system. 

June 1, 2020 18:00

The largest trading partners of the United States are China, Canada, Mexico, Japan and Germany.

How Many Countries Does The US Trade With?

The economy of the United States of America is highly developed and extremely diverse. If we look at the nominal GDP, it is considered to be the world’s largest economy.

May 27, 2020 08:45

It is possible that in the future the price of oil will become more elastic as green technology and public transportation options improve around the world. Photo by Maarten van den Heuvel on Unsplash

What Does Inelasticity Mean?

Elasticity and inelasticity are economic terms used to describe how sensitive a good or service is to price fluctuations.

May 23, 2020 16:26

Oil prices went negative for the first time in history. Photo by WORKSITE Ltd. on Unsplash

Why Were Oil Prices Negative?

COVID-19 and a price war between Russia and Saudi Arabia resulted in oil prices diving into negative territory.

May 23, 2020 16:25

Kylie Jenner is the world's youngest Billionaire at the age of 23

The Youngest Billionaires In The World

While there are over two thousand billionaires in the world, only forty seven of them are under the age of forty. Read through to find out who the ten youngest billionaires are.

May 12, 2020 11:44

image source: Shutterstock

Countries With Highest-Paid Doctors

Medical school in the United States can cost upwards of $50,000, it would only be natural that they have some of the highest-paid doctors in the world.

May 11, 2020 17:09

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