Economics

Latest

What is Bitcoin?

Bitcoin is a form of electronic currency first launched in 2009.

August 1, 2017 18:14

An insufficient supply of water is an example of scarcity.

What is Scarcity?

In economics, scarcity, also known as paucity, occurs when there are limited resources to fulfill unlimited wants and needs.

August 1, 2017 18:14

An industrial area is seen here with steam mills.

Countries Most Reliant on Industry

According to data provided by the World Factbook of the CIA, these countries are most dependent on industry as percentage of their GDP.

August 1, 2017 18:14

The Swiss economy is the most competitive in Europe.

Europe's 10 Most Competitive Economies

Switzerland is not only the most competitive economy in Europe but also the world's most competitive one.

August 1, 2017 18:14

Smartphones have become an indispensable accessory in today's society. However, the best selling phones of all time are not all cellphones.

The Best Selling Mobile Phones of All Time

These phones are the best selling of all time.

August 1, 2017 18:14

Olive oil is a favorite ingredient in a variety of cuisine types found around the world.

Olive Oil Production by Country

According to FAOSTAT, Spain produces the most olive oil.

August 1, 2017 18:14

The gender gap can be felt throughout multiple industries.

Best Gender Wage Equality, OECD Countries

These are the ten OECD countries with the smallest gender wage gaps.

July 17, 2017 12:08

Most countries see active participation from both men and women in the workforce.

Countries Where Women Are Least Active In The Workforce

Women participation in the workforce is the lowest in Syria.

July 11, 2017 12:30

Small arms and supplies for small arms are traded the world over.

Top Gun, Ammunition, And Firearm Parts And Accessories Exporters, By Country

These countries are the world's top exporters of small arms.

June 22, 2017 17:01

A coal fired electric power plant in Wyoming, USA.

Coal Production by State

Coal is mined the United States in 25 different states, five of which represent over 70% of the total amount of coal produced in the country.

June 7, 2017 12:10

High-value notes such as this were not uncommon in Zimbabwe during the period of hyperinflation.

The Story of Hyperinflation in Zimbabwe

Hyperinflation in Zimbabwe refers to a period of instability that peaked in 2008, at an astonishing 79.6 billion percent.

June 6, 2017 16:25

The concept of the tragedy of the commons revolves around the allocation of natural resources.

What Is the Tragedy of the Commons?

In economics, the tragedy of the commons is used to describe the failure of a shared-resource system if individual users are only thinking about their particular needs.

June 5, 2017 17:13

The gender wage gap is prevalent in many OECD countries.

Worst Gender Wage Gaps of OECD Countries

These are the member countries of the Organization for Economic Cooperation and Development (OECD) with the largest gender wage gaps.

June 5, 2017 15:34

Singapore is home to one of the largest ports in the world, which helped kickstart its strong economy.

Who are the Four Asian Tigers?

Also known as the Four Little Dragons or Four Asian Dragons, the economies of Hong Kong, Singapore, South Korea, and Taiwan all experienced rapid industrialization between the 1960s and 1990s.

June 5, 2017 12:37

The hospitality industry is part of the service sector.

Countries Where Men Are Most Likely To Work In The Services Sector

The world economy has become increasingly services oriented in the recent times and this can be attributed to developing economies and large populations.

June 2, 2017 12:13