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 […]
Author Archives: Mathew Emmanuel Pineda
Explainer: Causes of Hyperinflation in Venezuela
The hyperinflation in Venezuela is one of the offshoots of a political and socioeconomic crisis that brewed under the presidency of Hugo Chávez and has […]
Types and Theories of Unemployment
Unemployment is a situation in which an individual who is actively looking for employment is unable to secure one. The unemployment rate represents the number […]
How Tariffs Drive Price Hikes and Can It Cause Inflation?
Tariffs are one of the most common protectionism policies. Raising import duties on certain goods to make them more expensive can encourage the domestic consumption […]
Types of Economic Sanctions
Economic sanctions are penalties levied by a country or a supranational organization against another country, its leaders or officials, specific organizations, or selected private individuals. […]
The Business Strategy of IKEA: A Discussion
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 […]
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 […]
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 […]