Ever wondered how Manila got its name? There have been several assumptions and contentions relating to the origin of the […]
Society
Causes of Traffic Congestion
Traffic congestion is a problem. No one likes being stuck in traffic. It is unproductive and costs individuals and businesses […]
Pros and Cons of Urbanization
Urbanization is one of the hallmarks of industrialization, modernization, and even globalization. The past decades have seen massive population growth, […]
Characteristics of a Centrally Planned Economy
A centrally planned economy is an economic system and a specific type of a planned economy in which economic decisions […]
Command Economy: Advantages and Disadvantages
Key characteristics of a command economy such as central government control and public ownership have appealed to thinkers and leaders […]
Characteristics of a Command Economy
A command economy is an economic system in which the government has central authority over investments, production, distribution, and allocation […]
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. […]
Relationship Between Inflation and Unemployment
Inflation and unemployment historically have an inverse relationship. This means that when the inflation rate is high, the unemployment rate […]
Types of Unemployment
According to the Organization for Economic Cooperation and Development or OECD, unemployment is a situation in which individuals who are […]