Our today world is run by advanced commerce. From the way people bought things through barter trade in the ancient past to the high speed ecommerce platforms of today, we can honestly say that we have come a very long way. Every teen today has some knowledge of business and economics, because that’s what they do everyday without them noticing it. We are in the richest period in humanity’s history right from the emergence of our first civilizations to our modern day technologically advanced world
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In addition to governing its new and far-flung possessions, the United States suddenly had to prepare to defend them. An example of the problem of defense occurred during the Spanish-American War. Before the war, the American battleship Oregon had been stationed on the Pacific coast of the United States. When war became likely, the Oregon […]
political struggles in building the Panama Canal Read More »
A number of people have resorted to infringing the works of others and reap where they have not sown, therefore the owner’s effort, time and expenses incurred go in vain. Piracy and hacking have encroached industries throughout the world. When you mention the term ‘pirate the first thing that comes to your mind is Somali
The enormous challenges facing intellectual property laws in the developing world Read More »
Petroleum-crude oil-and its products have been in use for thousands of years. Ancient Egyptians used pitch, a thick, sticky form of petroleum, to coat mummies as they prepared them for burial. Ancient Babylonians used pitch to build walls and pave streets. Yet it took two inventions of the 1800s-the kerosene lamp and, to a much
How Petroleum made our modern world Read More »
One of the outgrowths of the Commercial Revolution was the formation of powerful families in Europe that handled trading and banking concerns. Such families thrived as the economic life of the Middle Ages began to change and long-distance trade became more common. Although a local guild leader could handle trade in his area,
Who were the first bankers? Read More »
What is money? Quite simply, it is any object that people are willing to accept as payment for goods or services. Throughout history, money has taken many different forms. Today money of some kind is accepted as payment by virtually all people. In the past, however, this was not always the case. Early
For hundreds of years, Asia has exercised an incredibly powerful influence on the West. The ancient religions, philosophies, and martial arts of China and Japan have long fascinated many Westerners. Exhibits of Asian porcelain, carpets, manuscripts, and other arts and crafts have drawn huge crowds to Western art galleries. More recently, Asia has exerted an
There is a humongous Asian influence on the west and the rest of the world Read More »
Why do some companies succeed, whereas others fail? Strategic leadership is about how to most effectively manage a company’s strategy-making process to create competitive advantage. Strategy-making is the process by which managers select and implement a set of strategies that aim to achieve a competitive advantage. Strategy formulation is the task of selecting strategies,
The Success of small businesses heavily depends on brilliant management Read More »
Technological causes If within an industry, there is failure to exploit information technology and new production technology, the firm can face serious problems and ultimately fail. By using new technology, cost of production can be reduced and if an organization continues to use old technology and its competitors start using the new technology, this can
Surprising Reasons why many Startups Collapse Read More »
Every rose has thorns to go with it and every coin has two sides. That is the nature of most aspects of life. So, before you give that “I resign” note, consider the cons of self-employment and be sure that that is what you want, let us look at the disadvantages of self-employment. Paying more
The Downsides of Running Your Own Business Read More »
As an employee, you will always be governed by someone superior to you and will always be commanded around. Self-employment is for people who hate to be bossed around and are talented enough to generate salary by selling their expertise independently. Let us look at some of the benefits of self-employment… You are your own
The Upsides of Running Your Own Business Read More »