The euro area is a monetary union. In order to have a monetary union, there must be a situation in which at least two countries share the same official currency. In the euro area, this requirement is met. In other words, more than two countries have the euro as their official currency. Specifically, there are 19 states.
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Zygmunt Bauman (1927-2017) was a Polish sociologist, thinker, teacher and writer, one of the most critical voices in contemporary society. He created the expression “Liquid Modernity” to classify the fluidity of the world where individuals no longer have a standard of reference.
The term business comes from the Latin negotium, a word formed by nec and otium (“what is not leisure”). It is about the occupation, the work or the task that is carried out for profit.
Among the most notorious debates within the economic world, it is worth highlighting the debate that faces those economists who are more in favor of a market economy, and other economists, who demonstrate less confidence in “the invisible hand” of Adam Smith and, therefore, they propose a planned economy model. A very widespread debate across the planet, which, to date, has not found a valid conclusion.
Created in 1834, Zollverein was an economic organization by German termed as a customs union under Prussian leadership. Numerous German states joined forces to create a free trade zone and establish customs tariffs against third countries.
The Single Euro Payments Area (SEPA) is a collective association created in Europe that allows companies, individuals and public bodies to make payments in euros without using cash. These payments can be made using a single bank account for payment transactions in different part of Europe within the SEPA zone.
William Stanley Jevons was an English economist and logician, known for pioneering the Marginalist Revolution and for his use of the differential calculus in economics.
William Stanley Jevons (1835-1882) was born in Liverpool to a wealthy merchant family. He entered University College London , but due to the bankruptcy of the family businesses, he had to withdraw from studies and travel to Sydney, Australia to work for several years at the Mint.
Parliamentary Supremacy or Parliamentary Sovereignty can be defined as the exclusive right of parliament to make and unmake laws without any form of extemal control.
In a parliamentary system, a clear distinction is made between the head of state and the head of government (Prime Minister), a executive and the executive. Here, the head of the state, King or Queen in Britain or President in India, possesses nominal or titular authority whereas the real authority rests with the government of which the Prime Minister is the head.
The Cabinet or parliamentary system of government is an executive based on parliamentary majority. It is sometimes known as party government. It is the leader of the party that wins the largest majority in parliament in a general election that is called upon to form a government. He becomes the Prime Minister if he is able to form a government.
Unicameralism – Unicameral Legislature is the existence of one legislative chamber in a country. Legislative functions are performed by only one chamber, with members directly elected by the electorate.