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Introduction: What is Poverty? Poverty is a social, economic, and political situation where people face scarcity of some urgent resources such as money and other material things. Poverty is a debilitating condition for both individuals who live as poor and the economies that have them. Poverty is directly related to unfavorable conditions such as malnutrition and other problems in healthcare. Poverty also causes many social evils because the poor may be incited to get involved in anti-social activities. The term poverty is derived from the French word ‘poverte’ which means poor. According to an estimate, nearly 2 million people turned ... Read More
The majority of developers and designers employed various methods to produce responsive and flexible layouts prior to the release of the Flexbox layout concept. These methods consist of tables, and floats. Although one can still use these methods, most designers now use the Flexbox model. Users can arrange and organize their webpages either vertically or horizontally with CSS flexbox, which results in visually attractive and easily navigable websites. Flexbox is actually a CSS layout module rather than just a property. In this article we are going to learn about how to avoid wrapping flex items with CSS, this can be ... Read More
Introduction: What is Sustainable Development? Sustainable development is a very important topic in modern economics. Sustainable development refers to present economic development without harming the economic resources and growth of future generations. Often, the word sustainability is used to define sustainable development. It means that we must not compromise the ability of future generations to meet their expectations in terms of economic resources for our own goals in the present. In other words, sustainability is the responsibility we must show for keeping future resources intact while continuing our generation’s economic growth. The notable factor in sustainable development is that ... Read More
Introduction: What are Index Numbers? The nature of variables to changes over a period of time, and index numbers are statistical devices to measure such changes. Usually, the variables in a statistical calculation diverge following a general trend. Index numbers represent this trend of diversion. The index numbers measure an average diversion in the group of related variables over at least two different situations. In general, index numbers are used to make a comparison of two variables. The subject of variables may be schools, persons, hospitals, etc. These numbers also measure the change in the valuations of variables, such ... Read More
Introduction: What are Not-for-Profit Organizations? Not-for-profit organizations are entities made for special interests and they do not seek to earn profits from their activities. Not-for-profit organizations do not charge profits for distributions among their members and hence it is a unique type of business, learning which is knowledgeable and important for all who want to have a good grasp of economics. Not-for-profit organizations may or may not work for social causes. Non-profit organizations may earn a profit but it is used for development and promotional activities. This is also applicable to not-for-profit organizations. A notable similarity between non-profit and not-for-profit ... Read More
Introduction: What is the Economic Environment? Businesses are impacted by various internal and external factors that affect their financial performance. The combination of all large-scale (macro) and small-scale (micro) economic factors are known as the economic environment. The economic environment is an essential indicator of businesses’ performance and is hence important to study. In simpler words, the economic environment is the combination of various economic functions that may affect the profitability and performance of a company over a certain period of time. These factors depend on the nature of the business of a company. For example, the weather is a ... Read More
Meaning of Economic System An economic system is the set of regulations that governments or societies exert to control and distribute various resources, goods, services, etc. in a given geographical location or a country. Economic systems have defined uses of economic resources, land, labor, capital, and physical resources, such as machinery and technology. An economic system is a complex structure containing various agencies, entities, governing bodies, and economic resources. There are numerous types of economic systems depending on the nature of control of the economy. Therefore, economic systems are the establishments that show the actual nature of the economy ... Read More
Introduction: What is Market Equilibrium? Market equilibrium is a condition of the market where the demand and supply balance each other. Usually, during times of over-supply, the prices go down which increases the demand. In the case of over-demand, the prices increase which diminishes the demand. The equilibrium price is the price at which supply meets the demand in a market. The periodic consolidation of an index or its sideways momentum shows market equilibrium over a certain period of time. The prices of a product in a market often hover over the equilibrium price level. When the prices go ... Read More
The shadow effects are applied to the text, which helps to improve the design and style of the style. Our website can be made more visually appealing by using the CSS shadow. These are the visual effects of drawing that look like an object’s shadow, which helps the objects have a 3-dimensional appearance. For adding shadows to texts and elements in CSS, the text-shadow and box-shadow properties are used. now, we are going to discuss about the text-shadow property. CSS text-shadow property The CSS text shadow is a property, which will add the shadow to text. A list of shadows ... Read More
Introduction: What is Human Capital? Human capital refers to the economic values of quality and ability of labor that impact productivity. In other words, human capital means the stock of skills, expertise, abilities, and knowledge in a country at a certain point in time. Usually, human capital is concerned with the intangible assets and qualities of human beings that improve individual performance and benefit the economy. Investment is needed in human capital to produce more human capital. Nations rely on human capital for the improvement of the economy and the creation of more human capital. There should be enough availability ... Read More