A command economy is an economic system in which the government has central authority over investments, production, distribution, and allocation […]
Politics
Role of the Government in the Economy
The government has an inherent responsibility of promoting and protecting the welfare of its citizen by providing leadership and direction. […]
Summary: Causes of the Economic Crisis in Sri Lanka
The government of Sri Lanka officially declared in April 2021 that the country is experiencing its worst economic crisis since […]
Pros and Cons of Globalization
The advantages and disadvantages of globalization can be analyzed and understood by looking through its three main dimensions: economic, political, […]
International Relations: Theories
The Major Theories The following is the list and corresponding descriptions of the major theories of international relations: 1. Realism: […]
Wahhabism: Principles and Criticisms
Religious leader and theologian Muhammad ibn Abd al-Wahhab from the eighteenth century started a movement in the region of Najd […]
What Is Pareto Optimality?
Pareto optimality is a concept of efficiency promoted by Italian sociologist and economist Vilfredo Pareto. Also known as Pareto efficiency, […]