The rich get richer and the poor get poorer

Throughout history, the world has seen the emergence of different economic systems, evolving in response to different ideologies and adapting to the needs of many societies. However, not all economic systems functioned as depicted by their creators, and ended up failing. In this paper, every economic system will be analyzed in order to show if they succeeded or failed to become a realistic and positive way of distributing resources and trading goods and services for the countries in which they…

2.1 Development of Mincer Approach under the Human Capital Investment Theory Review the history of Human Capital Investment Theory is essential for a more comprehensive understanding of Mincer Approach. The modern human capital theory was mainly developed in the last 50 years, its main contributor is Theodore Schultz, who was the Nobel Memorial Prize Winner in Economic Sciences in the year 1979. Shucltz (1961) delivered his address during the 1960 American Economic Association, entitled…

Protestant Reformation occurred during conflict between nation-states in Europe •First in imperial cities of Germany and Switzerland •Deep social and political divisions •Certain groups favored the reformation - like printers who were literate POPULAR RELIGIOUS MOVEMENTS AND CRITICISM OF THE CHURCH •The reformation could not have happened without the numerous conflicts that had risen within the church during the Renaissance. •Diet of Worms (Germany) presented the emperor with 102 oppressive…

Neither Dale Carnegie nor the publishers, Simon and Schuster, anticipated more than this modest sale. To their amazement, the book became an overnight sensation, and edition after edition rolled off the presses to keep up with the increasing public demand. Now to Win Friends and InfEuence People took its place in publishing history as one of the all-time international best-sellers. It touched a nerve and filled a human need that was more than a faddish phenomenon of post-Depression days, as…

Benefits of direct marketing: Buyers • Home shopping- fun, convenient and hassle free, time saving, larger variety. • Comparative shopping possible- browsing through online catalogues. • Somebody else other than buyer can order goods. • Business customers- learn about new products & services- time saved in meeting sales people. Sellers • Buy mailing lists- any group : left handed, overweight, millionaires • Personalize and customize the messages- build continuous relationship with…

Unfortunately, some companies have mismanaged their greatest asset—their brands. This is what befell the popular Snapple brand almost as soon as Quaker Oats bought the beverage marketer for $1.7 billion in 1994. Snapple had become a hit through powerful grassroots marketing and distribution through small outlets and convenience stores. Analysts said that because Quaker did not understand the brand’s appeal, it made the mistake of changing the ads and the distribution. Snapple lost so much…