Search Results for Europe

Euro Zone (Euro Area) Definition, Features, Countries

Euro Zone (Euro Area) Definition, Features, Countries

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.

Zygmunt Bauman: Biography, Career, Age (1927 – 2017)

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.

Which Country Is Best to Start a Business?

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.

Single Euro Payments Area (SEPA)

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 | Biography, History, Theory & Political Economics

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.

The Prime Minister and Cabinet in a Parliamentary Government

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.

Parliamentary Government: Definition, Types, Examples, Pros & Cons

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.