Drama of a city in Romania – The Romanian government no longer pays his employees

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While heavy water plant employees protest in front of the RAAN headquarters despairing that they have not received wages for months for their work, and asks themselves worried how their children will warm during the winter approaching, while other large … Read More

Economics

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Economics (from the Greek οίκος [oikos], ‘home’ and νομος [nomos], ‘leadership’) is a social science that studies the production and sale, trade and consumption of goods and services. According to the definition given by Lionel Robbins in 1932, the economics … Read More

Freiwirtschaft (Free economy)

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The free economy (in German: Freiwirtschaft) is an economic theory developed by the German economist Silvio Gesell in 1916 in his book The Natural Economic Order (Natürliche Wirtschaftsordnung). His idea was put into practice by any state so far. However, … Read More

Radical critique of work

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The usual economic sense, the labor is a remunerated activity which allows the production of goods and services. With the capital, it is an economy factor of production. It is mainly provided by the employees in exchange for a wage. … Read More

Economy of Drobeta Turnu Severin, Romania

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The development of the town as well as the prosperity of its inhabitants is due to the setting up of the port (1851) and of the ship repair shop (1858) which was the first in our country and became the … Read More

Behavioral economics

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Behavioral economics is a field of economics that studies the behavior of human beings in economic situations. One of the main objectives of behavioral economics is particularly describe and explain why, in some situations, humans adopt a behavior that may … Read More

Economy

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The economy (from the ancient Greek οἰκονομία / oikonomía: “administering a home”) is a human activity that involves the production, distribution, exchange and consumption of goods and services. However, the word has many meanings. The economy is the concept studied … Read More

Book economics – Descriptive elements

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Reading and editing From the perspective of the economy, editing and reading are respectively the supply and demand in the market of books. Internationally, the situation in this regard are very different. Meanwhile, time spent for reading is an important … Read More

Economic and societal change in EU

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The digital revolution The internet has fundamentally changed the way consumers shop and businesses advertise and sell their goods and services. It has created innovative ways of organising, accessing, sharing and evaluating information, for example on prices, technical product characteristics … Read More

Economy of the European Union

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Currency 1 Euro (€) = 100 cents Other currencies in member states: Bulgarian lev, Czech koruna, Danish krone, Hungarian forint, Latvian lats, Lithuanian litas, Polish złoty, Romanian leu, Swedish krona, British Pound sterling Statistics GDP ranking 1st (2011) GDP (Nominal) … Read More

Economy of London

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(Bishopsgate in the City of London) By GDP, London was in 2005 the sixth largest city in the world and the second largest in Europe after Paris. Greater London generates approximately 20% of GDP in the United Kingdom, and the … Read More

Americans lose unemployment benefits

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Unemployment benefits will expire, starting tomorrow, for 1 million Americans. Obama along with two senators intend to extend this aid for three months, considering that this will reflect negatively on the U.S. economy and jobs. The U.S. Senate will vote … Read More

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