Personal or individual wants refer to those wants which are only demanded by a single person or an individual. These are the personal wants. ‘On the other...

Platts is the leading global provider of energy and metals information. Our mission is to provide information that creates transparency and helps drive ma...

Service Economy Defined In the simplest of terms, a service economy is an economy where the primary economic activity is the provision of services rather ...

Revolution and Aftermath The Mexican Revolution (1910-20) severely disrupted the Mexican economy, erasing many of the gains achieved during the Porfiriato...

In addition to damage costs, flooding results in lost productivity, reduced hours worked and losses in GDP due to the need for resources to be put towards...

1834 The United States, though formally on a bimetallic (gold and silver) standard, switched to gold de facto in 1834 and de jure in 1900 when Congress pa...

5 technological innovations from WW1 Tanks. The Allies began developing these armoured ‘landships’ in 1915, but the first tanks didn’t make their way into...

Implementation of the Marshall Plan has been cited as the beginning of the Cold War between the United States and its European allies and the Soviet Union...

Poverty and unemployment are expected to remain high due to depressed private sector activity. Tanzania’s total public debt stood at 39.2% of GDP in Octob...

Poverty is the most important factor that determines whether or not a girl can access education, according to the World Bank. If families cannot afford th...