levidesmond69 (54)in Economics • yesterday3 THINGS FOR A NATION TO BECOME SUCCESSFULFor every economy to succeed You need 3 things for your country to become successful Note: success doesn't come over night it takes years and years of dedication and hard work…levidesmond69 (54)in Economics • 2 days agoWHY IT'S BEST FOR THE RULLING CLASS TO CONSIST OF BUSINESS PEOPLEAcross history, societies in which the ruling class comprises of merchants and business-people almost always perform better (i.e. more prosperous) than contemporary societies in…levidesmond69 (54)in Economics • 2 days agoSOUTH KOREAN ECONOMY IN THE 70s AND 80sSouth Korea remained an unapologetic dictatorship right up until 1988. North Korea actually had a HIGHER GDP than the South until the late 70s or early 80s. All the natural…levidesmond69 (54)in Economics • 2 days agoTHE MOST DANGEROUS WEAPON IN ANY SOCIETY IS A GROUP OF POOR PEOPLE poverty is weaponised by the ruling class Painful but true, it’s our reality over here in Africa especially Nigeria, I've seen people protesting against Nigeria protesting for…levidesmond69 (54)in Economics • 4 days agoEFFECT OF INFLATION ON SAVINGS Inflation is the general and persistent rise in price level of goods and services Savings is simply money set aside for future use money can be saved in the bank. Inflation…levidesmond69 (54)in Economics • 8 days agoCOST PUSH INFLATION (PRICE OF EGG IN NIGERIA)Cost plus inflation mostly happens as a result of increase in the cost of production that affects price of products. So back in Nigeria I discovered the price of eggs was on…levidesmond69 (54)in Economics • 9 days agoHOW TO RUIN A COUNTRY: VENEZUELA 2016Venezuela has one of the largest oil reserves in the world, even more than Saudi Arabia. As a wealthy country, Venezuela became heavily dependent on oil just like other oil…levidesmond69 (54)in Economics • 10 days agoDANGERS OF RECKLESS MONEY PRINTING AND INEFFICIENCY: ZIMBABWE 2007 Zimbabwe was an apartheid country similar to South Africa. In the 1980s, after the end of apartheid, Zimbabwe was established as a country. The new president, Robert Mugabe…levidesmond69 (54)in Economics • 11 days agoDANGERS OF PRINTING MONEY: WEIMAR REPUBLIC GERMANY 1920sThe German Empire Just lost the first World War, and as a result the German Empire was abolished in a revolution and a new Weimar Republic was established as the new Germany.…levidesmond69 (54)in Economics • 11 days agoPRINT MORE CASH AND SOLVE EVERYTHINGMost of the world's problems are centered around not having enough money and since Governments welcomed the idea of Fiat money (money backed by trust in the government) why can't…levidesmond69 (54)in Economics • 14 days agoIS WEALTH AND SUCCESS A MATTER OF LUCKOne question that people always ask is are people who are wealthy and successful by luck or not. Before jumping into a final answer there might be many situations and…levidesmond69 (54)in Economics • 18 days agoHow to legally avoid tax As we all know tax is a compulsory payment levied by the government to citizens and as a matter of fact we pay tax on almost everything ranging from the salaries were receive as…levidesmond69 (54)in Economics • 19 days agoWHAT IS TAX EVASION Tax is a compulsory payment levied on individual or business organizations by the Government. Different countries have different tax rates and tax can be levied on citizens…levidesmond69 (54)in Economics • 20 days agoWhy Debt is a Powerful Tool For BillionairesDebt simply means borrowing money. Reasons for Borrowing money can come in two separate forms either borrowing to purchase something that generates money (real estate that…levidesmond69 (54)in Economics • 22 days agoHow the stock exchange market worksA market is any arrangement between buyers and sellers to career out business transactions such arrangements can come in the form of a platform either online or offline or a…levidesmond69 (54)in Economics • 24 days agoThe Economic Impact of Valentine's Day Celebration Valentine's Day, also called Saint Valentine's Day or the Feast of Saint Valentine, is celebrated annually on February 14. It originated as a Christian feast day honoring Saint…levidesmond69 (54)in Economics • 26 days agoWhy the United States Can’t Escape Trade DeficitDo you know that for a good number of years the United States trade balance has always been on the negative side which means that for all these years the United States has always…levidesmond69 (54)in Economics • 27 days agoHow Trump Aid Cut Might Affect South Africa's Economy First and foremost South Africa is one of the BRICS nations founding members so I'm just going to go directly and talk about the economic impact of Trump's actions on them. And…levidesmond69 (54)in Economics • last monthWhy Market Outcome Does Not Always Align With Moral or Ethical Consideration.Adam Smith in his book titled the Wealth of Nations. identified the harshest truth of economics "Market outcome does not always align with moral or ethical consideration".…levidesmond69 (54)in Economics • last monthWill Trump’s tariffs result in prices going up even more in the USAccording to Wikipedia A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Will Trump’s tariffs result in…
