Difference Between Poverty and Inequality
Posted inDifference Between

Difference Between Poverty and Inequality

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.
Intrinsic Value: Definition & Calculation
Posted inEconomics

Intrinsic Value: Definition & Calculation

The intrinsic value, theoretical price or fundamental value of an asset, is the value that is obtained taking into account all the components that surround an asset, including tangible and intangible elements. It is also sometimes known as real value.
Negotiable Value: Definition, Features & Examples
Posted inEconomics

Negotiable Value: Definition, Features & Examples

A negotiable value or negotiable security is a common instrument in finance with which its holder can operate in the markets for buying and selling securities. Within the concept of negotiable value there are outstanding examples of financial assets such as shares or obligations.
Trade Disputes
Posted inGovernment & Politics

Kleptocracy: Definition, Features, Types, Pros & Cons

Kleptocracy is a form of government which is characterized by the systematic and institutionalized theft of public funds and goods by its elites. In a kleptocracy government, rulers and like-minded elites engage in robbery in a normalized way. To such an extent that there is an institutionalization of corruption. In democracies, theoretically, the income and money obtained after government tax collection is reinvested in the form of public services.
Types of Proletariat
Posted inGovernment & Politics

Types of Proletariat

The proletariat is distinguished from other classes such as the bourgeoisie in that it does not possess greater assets than its capacity for work, and therefore constitutes the basis of capitalist society of, as defined by Karl Marx, the "exploitation of man by man". The bourgeoisie, on the other hand, is the owner of the means of production and requires labor to generate consumer goods.