Scarcity

Scarcity emerges from the inherent limitation of resources, which fall short of satisfying all human wants and needs. It compels individuals, businesses, and societies to make choices about how to allocate these limited resources effectively. The concept of scarcity recognizes that desires are boundless while resources remain finite, setting the stage for decision-making based on…

Art’s competitive commerce

Artists strive to create unique and meaningful works that resonate with their emotions, experiences, and perceptions. However, in today’s fast-paced driven by capitalism and interconnected society, they must balance their artistic vision and market demand. Successful artists understand the importance of connecting with their audience while maintaining their artistic integrity. They adapt their creations to…

Tenure

Tenure is a type of job security that provides employees with legal protection against arbitrary dismissal. It is typically granted to professors, teachers, and other academic professionals after a probationary period of several years. Tenure is intended to protect academic freedom and allow scholars to pursue controversial research without fear of retribution from their employers….

Operation of transnational corporations (MNCs)

In today’s competitive business landscape, multinational corporations (MNCs) must adapt their operations to suit their specific industries, sizes, and goals. This means that transnational corporations may employ different approaches based on these factors. For instance, some might prioritize efficiency, while others emphasize innovation; still, others focus on growth through mergers and acquisitions. Whatever the case,…

Multinational corporations (MNCs)

Picture, if you will, a frenetic metropolis teeming with labyrinthine boardrooms and cunning executives, each vying for a slice of the lucrative global pie. This is the battleground where multinational corporations (MNCs) manifest their power, unfurling their multifarious operations across vast expanses of land. Through mergers, acquisitions, and strategic alliances, these corporate leviathans are born,…

Money laundering

Money laundering is a complex and serious issue that has drawn attention from various fields including law, economics, and politics. And in this short article, I will provide an overview of money laundering, its impact, and current efforts to combat it. What is money laundering? Money laundering—an insidious practice—entails concealing the gains from illicit undertakings…

Imperialism

Imperialism refers to a political and economic system where a dominant nation exerts control over weaker territories, expanding its influence through direct or indirect means. It involves the imposition of power, often by force or coercion, and the subjugation of native populations. The goal of imperialists is, therefore, to exploit resources, establish client states, and…

Hey there! Ready to dive into the ins and outs of capitalism? This article explains the economic system in a straightforward way, using real-life examples.

Capitalism expagorated

You have no doubt heard of capitalism: a system in which goods and services are produced for profit. Meanwhile, individuals or multinational corporations (MNCs) compete with each other to succeed in business. But you may not have considered its promises deeply enough! Capitalism offers an unparalleled level of opportunity. It’s great for all those willing…