Why small firms are important for the development of a country?
Small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established. Small businesses a...
Published: May 04, 2026
Can Japan produce its own food?
While it is often highlighted that Japan trails far behind other industrialized economies in food self-sufficiency, the figure climbs to 65 percent in fis...
Published: May 04, 2026
What was John Kenneth Galbraith theory?
Galbraith’s main argument is that as society becomes relatively more affluent, private business must create consumer demand through advertising, and while...
Published: May 04, 2026
What does it mean to be dying of consumption?
Tuberculosis, also known as consumption, is a disease caused by bacteria that usually attacks the lungs, and at the turn of the 20th century, the leading ...
Published: May 04, 2026
When Kennedy says that humans have the power to abolish all forms of human life to what is he referring?
Kennedy notes in his speech that humans have “the power to abolish… all forms of human life.” To what is he referring? Humans have nuclear weapons. What h...
Published: May 04, 2026
What is an aftermarket product?
Aftermarket parts are replacement parts that are not made by the original equipment manufacturer. Aftermarket parts are used to replace damaged parts in a...
Published: May 04, 2026
How is Class 10 GDP calculated India?
The expenditure approach calculates the GDP by calculating the sum of all the services and goods produced in an economy. The components are described in b...
Published: May 04, 2026
What are the reasons for the growth of service sector?
Reasons for growth of the tertiary sector Improved labour productivity. A key factor behind tertiarisation is improved labour productivity. Globalisation....
Published: May 04, 2026
What math is needed for economics?
Although economics graduate programs have varying admissions requirements, graduate training in economics is highly mathematical. Most economics Ph. D. pr...
Published: May 04, 2026
What are the main industries in Thailand?
Exports and tourism are the main drivers of Thailand’s growth. The tourism sector grew by 7.5% in 2018 while exports saw a 7.2% growth. Its key exports ar...
Published: May 04, 2026
