Resurgent of socialism in a different facet
Last month, Oxfam published a report saying 26 richest persons in the world hold wealth equivalent to poorest 50 per cent. The world’s richest man, Jeff Bezos, the owner of Amazon, saw his fortune increase to $112bn in a year. Just one per cent of his fortune is equivalent...
Political ideology detrimental to economic system
Legal system of a country greatly influences the way business operates. Political and legal systems, to certain extent, determine the kind of economic system a country has and it governs the business activities. The government is the formal institutions and processes that are responsible for making and enforcing the...