The Editors of the National Review, et al., don’t get Pope Francis’ encyclical. There is much accusation that Francis employs a simplistic approach to economic matters — a “pot calling the kettle black” scenario if ever there were one — since the writers are guilty of doing the very same thing ( 388 more words
Tags » Economic Systems
Two extremes of economic system
DEF 1: A way of organizing an economy so that the things that are used to make and transport products (such as land, oil, factories, ships, etc.) are owned by individual people and companies rather than by the government (www.merriam-webster.com) 628 more words
Son of a Chinese real estate tycoon buys two Apple Watches (total value, $26,000) for his dog. The dog is shown in the article wearing a watch on each of his two forelegs. 200 more words
Some of the blogs I read have this idea that China is going to rule the world. They cite the AIIB (Asia Infrastructure Investment Bank), and the Silk Road development and the sea route part of the Silk Road, and all the investment that china is doing around the world. 1,938 more words
Today is your lucky day! Today you’re getting an economics lesson.
Most of us remember (hopefully) what the different kinds of economic systems are from high school economics classes: traditional, market, command and mixed. 803 more words