Before becoming the largest furniture retailer in the world, then 17-year old Ingvar Kamprad started IKEA as a mail-order sales business in 1943. The Swedish […]
Author Archives: Mathew Emmanuel Pineda
Two Types Of U.S. National Debt
The sovereign debt of the United States or the U.S. national debt represents all of the debts owed by the American federal government to different […]
The Russian Oligarchs: How Did They Rise to Power and Become Rich
It was in 1992 when Alexei Mordashov became the finance director of Severstal before its privatization. His senior director instructed him to acquire shares to […]
What Would Happen if the U.S. Defaulted on Its Debt?
The government of the United States borrows money to meet its various financial obligations during periods of cash shortage. These include financing its operations, managing […]
Tariff Basics: Advantages and Disadvantages
The English word “tariff” comes from the Italian word “tariffa” which was further derived from a similar-sounding Arabic word that translated to “notification” or “inventory […]
Explaining Banking: How Banks Earn Money?
There are different types of transactions transpiring within the realms of banking operations. Examples include saving and borrowing money, depositing and withdrawing money, buying and […]
How Bernard Arnault Got Rich?
Bernard Arnault is one of the wealthiest people in the world. He even surpassed Tesla and SpaceX co-founder Elon Musk in December 2022 when the […]
Explainer: The Purpose of Central Banks
A central bank is a government institution responsible for managing the currency, monetary base or money supply, and interest rates within a country or state. […]
The Business Strategy of Shein: Reasons for Its Success
Shein has became one of the largest fashion retailer in the world in 2022. It is also one of the most successful startups that emerged […]
Keynesian Economics: Defintion and Principles
Keynesian economics is a school of thought in economics comprising several macroeconomic theories based on the work of British economist John Maynard Keynes, specifically in […]