Inequality - search results

Poverty is the state in which an individual or group can not meet basic human needs to maintain a minimum level of quality of life, while Inequality on the other hand, refers to the unfair or unequal distribution of resources among various people or groups, caused by social, gender, ethnic, religious or other discrimination.

A tax is a compulsory payment made by citizens and corporate bodies to the government to enable it carry out its responsibilities. Examples include income and property tax.

The African Development Bank (AFDB) established in September 1964, was opened for business on July 1, 1966 in Abidjan, Ivory Coast now Cote D’Ivoire.

In mixed economic system, decisions regarding what, how and for whom to produce are partly handled by the state and partly by the individuals and private organizations.

What is Free Enterprise System? Free enterprises system is an economic system that believes in the efficacy of the interplay of market forces of demand...

Capitalism may be defined as an economic system in which all or most means of production are owned and controlled by private individuals and in which the economic activity of the government is at a minimum while Socialism is an economic system where the state takes the major economic decisions through detailed planning. Countries that adopt this system do not believe in the efficacy of market forces.

Globalization is a phenomenon based on the continuous increase in the interconnection between the different nations of the world on the economic, political, social and technological levels. The use of this term has been used since the 80s. That is, since technological advances have facilitated and accelerated international commercial and financial transactions. And for this reason, the phenomenon has as many defenders - such as the International Monetary Fund (IMF) or the World Bank - as detractors.

Capitalism is an economic system in which the means of production and distribution are mainly owned and controlled by private individuals and firms. The primary aim of any economic activity in a capitalist state is to make profit.

Plutocracy (Also known as; Plutarchy), like Oligocracy or Oligarchy, is a form of government that develops when a wealthy individual or richest people in the society holds power and, therefore, runs the State.

Independence of Mexico: Process of liberation of the colonial territory of New Spain, which took place between 1810 and 1821.

In general, many textbooks tend to link the rise of communism due to the theoretical reflection pointed out by Karl Marx and Friedrich Engels. However, this idea that communism would be the result of a mere reflection of two nineteenth-century theorists can be seen in a different light.

Socialist State: Socialism is a political and economic system whose main foundation is equality. The system's objective is the transformation of society through the distribution of income and property to reduce social inequality.

Imperialism maybe defined as the economic control and exploitation of foreign lands arising from the necessity to reverse the impediments to the accumulation of capital ...

Communism simply refers to a classless society. According to Karl Marx, it is the highest stage of development of a society. In a communist society, there is a common sharing of material goods.

The main aim of socialism is to ensure equal distribution of nation's wealth. The state, acting on behalf of the people is seen as impartial and can adequately control all productive and distributive activities and the state. This theory originated as a protest against the evils of capitalism. Karl Marx, a German propounded this theory.

Types of Capitalism Economic system that defends the freedom of the market. Definition of Capitalism Capitalism is an economic system that defends the freedom of the market and...

Socialism as a way of understanding socio-economic and political reality had its origin mainly thanks to the work of notable figures such as Engels and Karl Marx. The resulting types of socialism have over time collected its main ideas and developed them.

Communism is a political, economic and social philosophy that seeks to establish joint ownership of the means of production and the elimination of social classes. Communism emerges as a critique of the capitalist system that promoted the accumulation of capital as a mechanism to generate wealth, private ownership of the means of production and the use of the market as a mechanism for allocating resources.