Economics
China’s Electric Vehicle Revolution The automotive industry is at the moment experiencing a massive transition towards the adoption of electric cars, which means the global future of the automobile industry is at the precipice of a revolution. China is also the leader in the production and usage of electric cars. Such a shift is vital...
Wage is a crucial determinant of an individual’s socioeconomic status and overall quality of life. Understanding the factors that influence wage levels is essential for policymakers, employers, and individuals alike. One of the critical factors that have been widely studied is age. As individuals progress through different stages of their careers, their earning potential often...
Food price caps are expensive and very common among developing nations to make staple food affordable during a supply shock or inflation. They are made to safeguard the needy households against food insecurity. Nevertheless, a price cap can have short-term beneficial effects. Still, in the long term, it negatively affects consumer welfare by causing market...
The US student debt issue affects individuals and the economy. Rising school costs, limited financial aid, and payment limitations aggravate the problem. The rising cost of higher education forces students to borrow. Increasing economic and living standards raise all prices to maintain community harmony. Every student knows they must attend college to be more marketable...
In the traditional economics framework, models have been based on the assumption that people make rational choices based on perfect information and are guided by self-interest. However, behavioral economics has upended those old models because of well-established insights into human economic decisions. By incorporating insights from psychology, sociology, and neuroscience, behavioral economics provides a framework...
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Corruption, defined as the abuse of power for personal gain, has far-reaching effects on economic development. It extends to all tiers of government, from the presidency to municipal governments. Research evidence points to corruption as a cause of ineffectiveness, volatility, and stagnation. Corruption, therefore, poses a serious threat to economic development in the long run...
Institution In the contemporary competitive business landscape, organizations are spending a lot of resources on advertising to market their products and services. The relation between the advertisement expenditure to the sales revenue is critical both in making an effective decision in marketing and maximization of the investment returns (Tellis, 2012). The effectiveness of advertising has...
Sustainability principles are important today since they focus on environmental, social, and corporate governance considerations within the business strategy. They assist in aligning growth and profitability motives with sustainable practices. This alteration is being fueled by the growing use of non-financial measures of performance by contemporary firms, as it compels investment, regulation, and consumption behavioral...
Mayer, H., Yee, L., Chui, M., & Roberts, R. (2025). Superagency in the workplace: Empowering people to unlock AI’s full potential. McKinsey & Company. https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/superagency-in-the-workplace-empowering-people-to-unlock-ais-full-potential-at-work#/ Summary The McKinsey article suggests that an AI superagency might change business models and work in the 21st century like the steam engine did in the 19th as it considers...
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