In the pre-Columbian era, the Incas built the largest and most sophisticated empire in South America. It extended from the northern border of modern Ecuador to the Maule River in central Chile. It featured a strong and centralized administration system, a well-developed roadway network, and a unique recording system called Q_uipu_. The Inca Empire also…
Everyone knows Starbucks – the largest coffeehouse in the world, operating in over 76 countries with 30,626 stores. It has single-handedly changed the coffee culture around the world. Even the sentence ‘Do you want to get some coffee?’ has been replaced by the infamous Wanna get some Starbucks? But the megachain’s story has not been all…
When most people think of the gender wage gap, they think of women being paid less than men for doing the same work. While that’s true, working mothers in the United States account for a large part of the gender wage gap. Working mothers face an even wider pay gap than working women without children, and…
The attack of 9/11 caused a loss of more than $100 billion to the federal government. Catastrophic circumstances led India to spend approximately 1.14 trillion rupees in 16 years just on Kashmir security to defeat regular terror attacks. In 2017 Saudi Arabia and Oman spent more than 10% of their GDP on the military. These numbers tend to…
Considering how broad the field of economics is, it can be difficult for young economists to figure out how to learn, what to learn, whom to learn from, and more. Having a mentor who guides you is always extremely helpful. Hence, in this episode, we bring to you wisdom from not one, not two, but…
If you’re searching for high-quality Price Charalabush options, you’re likely looking for products that not only meet your expectations but also offer the best value for your investment. Selecting the right Price option can be daunting due to the variety of choices available. However, understanding the features, benefits, and applications of these options will empower…
Cambyses the Second was born to Cyrus the Great and his wife Cassandane. In Babylonian documents dating back to 538 BCE, Cambyses is described as the ‘King of Babylon’. Cyrus proclaimed Cambyses II as the ‘King of Babylon’ and the ‘King of the Lands’ before leaving for his campaign against the Massagetae, allowing for smooth…
Organized Crime. A fascinating product of a society that has been the focus of many studies in the last century. Organized crime groups mostly engage in regular economic activity, the production and distribution of various services and drugs, gambling, and prostitution. For that reason, we as bystanders are tempted to think that mafias and gangs…
On September 16, 2007, employees of the Blackwater Security Consulting private security firm opened fire on unarmed Iraqi civilians in Nisour Square in Baghdad while directing traffic. While reports differ on the death toll, the Iraqi government eventually found that the Blackwater employees had killed 17 civilians and injured 20 more. Blackwater, which has since…
Ever imagined what would happen if the basic necessities for life, essential for sustenance, experienced an increase in prices per hour? The Bolivian economy and population faced this scary situation throughout the ‘lost decade’ of Latin America, experiencing 23,500% increases in prices per hour. Bolivia was recorded to have the seventh-highest inflation in the history of mankind…