# of Words: 230
Human beings are the building blocks of society. The societies agglomerate to make states. And then the nations are formed. The economy of a nation is the indicator of its prosperity. What the economy affects primarily are the people of a nation. The method, which employs the concepts of macroeconomics to achieve social goals, has been christened as welfare economics. Economics with the information, tables, chart etc. Can seem to be quite a rigorous and rigid discipline. However, the......Read More
It is easy to be confused about what impacts minimum wages have on jobs for workers. A "Binding" minimum wage that is set higher than the competitive equilibrium wage reduces job for two reasons. Recent research on employment effects. The earliest studies of the employment effects of minimum wages used only national variation at the U.S. Minimum wage. An elasticity of 0.1 for teens, for example, implies that a 10 percent increase in the wage floor reduces adolescent labour by 1 percent. Newer......Read More
War is generally considered the origin for the achievement of national goals. Clerics go to the extent of attaining glory. War is a historical menace. However, it is contrary to the dignity of person to think that it can't be discouraged or abolished. Tolstoy's opinion is convincing that war under all circumstances is untrue. History has shown that war has slowed the problems and it is inseparable from irreparable loss. From the First World War, there were 37 million casualties. In the Second......Read More
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