In chapter fifteen we learned about many different types of insurance and the coverages that each of them offers. ... It would be a shame if you had somebody close to you pass away and you couldnt give them a funeral because you didn't decide to just get life insurance. ...
His notion of economies of scope versus economies of scale is introduced in the first chapter of Part II. ... At the core of a polity, are bonds that unite a people and give them a sense of belonging to a common culture. ...
Adam Smith was born in Kirkcaldy, Fife, Scotland in 1723. His father died before he was born and was raised by his mother. He attended Glasgow University for three years and later on went to Balliol College, Oxford for the next six years of his life. Afterwards, he decided to return to Kirkcadly in ...
(emphasis in the original) If this were not enough, there is a whole series of further problems concerned with the question of whether or not micro-production functions can be aggregated to give a macro-relationship which can be shown to reflect the underlying technology of the economy in some meaningful way (Walters, 1963, Fisher, 1987, 1992). ... It is either an illuminating parable, or else a mere device for handling data, to be used so long as it gives good empirical results, and to be abandoned as soon as it doesnt, or as soon as something else better comes along" (Solow, 1966). ... F...
More than 1,900 people have died from Ebola in the four affected west African countries, but many more will suffer the economic consequences. The tiny post-conflict country has been growing at upwards of 8% over the last couple of years, but won't expect anything like that kind of luck now. Finance minister Amara Konneh says that's mostly because of damage done to mining, agriculture and service industries, as investors evacuate foreign workers, borders close, and international flights are suspended. Breadbasket regions are under quarantine, making agricultural trade impossible. Sime...
