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Essays on World Economy

Veblen goods are commodities

Veblen products are commodities with values that are directly proportional to their production (Weber, 2014). This commodities defy the law of demand, which ...

Democracy is arguably the best political system for...

Democracy is perhaps the safest political mechanism for industry. Any of the world's leading nations, such as the United Kingdom, the United States, France a...

Democracy is good for Business

This article indicates that there are a number of other economies, such as the United States, the United Kingdom and Japan, that rely on liberty, freedom dip...

Lessons from the Great Depression

The Great Depression is one of the most devastating economic events that the United States and other industrialized nations ever faced. The events ...