How does an economic system work?

How does an economic system work? A nation’s economic system is the combination of policies, laws, and choices made by its government to establish the systems that determine what goods and services are produced and how they are allocated. Economics is the study of how a society uses scarce resources to produce and distribute goods […]

What is a Cuban 8 maneuver?

What is a Cuban 8 maneuver? : an acrobatic maneuver by an airplane consisting of three-quarters of a normal loop, a half roll, three quarters of another normal loop, and another half roll followed by recovery from the dive to straight level flight. Is a spin an aerobatic maneuver? In the classical sense, the term […]

What is the exploitation rate?

What is the exploitation rate? In Marxian economics, the rate of exploitation is the ratio of the total amount of unpaid labor done (surplus-value) to the total amount of wages paid (the value of labour power). The rate of exploitation is often also called the rate of surplus-value. How do you compute for exploitation rate? […]

What are Fairtrade aims?

What are Fairtrade aims? The key objectives of the Fairtrade Standards are to: ensure that producers receive prices that cover their average costs of sustainable production. provide an additional Fairtrade Premium which can be invested in projects that enhance social, economic and environmental development. What is Fairtrade aim in India? Fairtrade India is now aiming […]

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