Economics

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What is a Newly Industrialized Country?

A Newly Industrialized Country, or NIC, is a classification in socioeconomics used to describe countries whose economies have not reached that of developed nations, but have surpassed that of developing countries.

May 5, 2017 16:58

What is the Geary–Khamis Dollar?

The Geary–Khamis dollar, also known as the International Dollar, is a fictional currency with the same PPP (purchasing power parity) of the USD.

May 5, 2017 16:53

Who Does the Wage Gap Affect?

Income disparity among races and between genders prevails as one of the main challenges facing society today.

May 1, 2017 12:15

What Is A Fascist Economy?

As part of fascism's right-wing, nationalist approach, fascist governments have significant influence over their respective countries' economies.

April 25, 2017 12:31

How Does Inflation Work?

The increase in the general price of goods and services belonging to a single economy is commonly referred to as inflation.

April 25, 2017 12:31

The World Leaders In Cabbage Production

China, India, and Russia are the world's three biggest cabbage producers while Russia is the biggest cabbage consuming country in the world.

April 25, 2017 12:31

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