Virtual economy

inducing long-term structural changes to any given country’s economy, especially for developing economies (2008: 224). This is the case as in developing economies, investment decisions without state guidance would typically only serve to “perpetuate existing structures” and not lead to any major industrialisation (Beresford 2008: 225). I believe this conclusion to be sound on basis that often long-term investments, particularly in developing economies, typically require state investment as I…

of the modern world. They agree that when individuals peruse their selfish interests and in turn, become dependent in one another, and consequently create the modern economy. However, they differ in the nature of how these two principles interplay in economic activity (production and exchange). In Steuart’s point of view, the economy is a social system. He calls it the political oeconomy. Steuart…

the global economy what it is today. Mass jobs have been created, new ideas have spread, and businesses have boomed due to the two main revolutionary advancements in history. The current problem with the technology wave is that there are far too many unanswered questions about what it will do for our economy. In the past, increased advancements have led to economic growth and development to developing and developed countries alike. Now with technology growing exponentially, the economy is at…

Introduction There are very deep transformations in the world capitalist economy, with consequences that are projected in the most varied planes of international relations and in the very significance of national systems. They are not situations of conjuncture, but structural alterations that redefine from their base fundamental patterns of capitalist development. Hence the character of the recent crisis, the breadth of its expressions, the persistence of its effects and the uncertainties…

Nowadays we live in a mostly capitalist society, we buy many products and services and do not even think about the waste that we are generating or about the impacts that we are having in the environment. In order to make a difference on how we treat the environment, we have to be more self conscious about the contributions that we have on it, so that we can find ways to act accordingly. It is easier to understand and see what the harms are that we cause and how to change our actions to be more…

money as a crucial feature of social life. In particular, to show how the concept and value of money has changed over time, an historical and sociological context will be taken into consideration. Thus, the analysis of how society conceived money economy in the past, and of how money is conceived in the present instead, will demonstrate also an awareness of the development of sociology as a discipline itself. In addition, the sociologist’s concept of “blasé attitude” will also be discussed in…

overlapping, there is an obvious discord on how to get America to a better place than it is today. My views tend to be more along the idea of Sanders. I believe that the top 1% can afford an increase in taxation as the only way for America economy to grow is to pay into economy. Healthcare as a business practice seems impractical to me and will not lead to a system that is better, but a system the leads to more inequality. Despite how people feel or fall on agreement with the issues of…

the relationship between entrepreneurship and development. (users.ipfw.edu, 2007) The Importance of entrepreneurship in economic development and growth can be seen with regards to the role of an entrepreneur. Entrepreneurship is important in an economy as it bring innovation to the development and growth of a country. Entrepreneurs find a need for a particular good or service in the market and then expand on that need.…

corporations’ own beliefs. In the movie, Lord Business claims to “bring peace and perfection” in order to destroy the world by using Kragle. Similar to Lord Business in The Lego Movie, corporations claim to assist poor countries in developing local economy, but they engage in “bullying, assassinations of local authority, contamination in natural environment and abusive supervision”, concealing the real motive of maximizing profit from those Less-Developed Countries (Amanda et al. 2011, p.21-23).…

CHAPTER 2 RESEARCH THEORITICAL FRAMEWORK E-commerce is a significant and pervasive phenomenon that is impacting not only organizations and societies but also the structure of markets and the economics of distribution channel-structures. Among others, four theories have been widely applied to explain the rapid growth of e-commerce: the transaction cost economics (TCE) theory, the agency cost theory (ACT), the network externality theory, and the long tail theory. 2.1 Theories Review 2.1.1…