Search results for keyword: hardship
lipstick effect
The lipstick effect is an economic phenomenon in which consumer spending disproportionately increases during economic downturns, typically on small luxury items. Examples of such items in the early 2000s included clothing, handbags, and cosmetics, particularly lipstick. This economic phenomenon da......
1074 
Sophie
hourly wages
Time-Based Wages
Time-based wages are the most common way of getting paid for work. Employees are paid at an hourly, weekly or monthly rate depending on their job and the company they work for. The amount of time worked each day or week can have a big impact on how much money a worker will make.
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indirect subsidies
Indirect Subsidies
Indirect subsidies are a form of economic assistance offered by governments to businesses. They are usually offered as tax breaks or temporarily reduced taxes. This type of assistance is often given when businesses are in financial difficulty or when a particular sector of the ......
Galatea Effect
Introduction
The Addis Ababa Effect, also known as the “Ethiopia Syndrome” or the “Third World Capital Syndrome,” is a phenomenon which emerged in the mid-1980s. It has since been observed in other cities, such as Cairo and Nairobi, as well as rural areas in South America and the Caribbean. T......
silence effect
The Silent Effect
In today’s world, the issue of “the silent effect” is becoming increasingly prevalent. The term “the silent effect” refers to a phenomenon in which vocalized support or solidarity from one group of people goes unnoticed or unheard by another group. This phenomenon can be s......
working poor
Navigating Poverty While Working
Navigating poverty is a difficult challenge for anyone, but especially when combined with a job. Trying to make ends meet while never really feeling like you’re able to keep your head above water can be exhausting, and feelings of hopelessness are common. But it......
restrictive pricing
Demand curves for many basic but important products or services often have a very different shape or slope than the hypothetical demand curve advocated by traditional economics. Just as a practical example, consider the demand for electricity in many former Soviet bloc nations. A communist governm......
hubbert apex
The Character of Robert the Bruce
One of the most iconic and respected figures in Scottish history, Robert the Bruce is known and remembered not just for his skills as a military leader but also for the strength of his character and his unwavering commitment to the cause of Scotland’s independen......
Henan Third Highway Engineering Co., Ltd.
Henan Third Road Construction Co., Ltd.
Henan Third Road Construction Company, Limited (HRCC) is one of the leading infrastructure and engineering construction companies in the People’s Republic of China (PRC). Founded in 1998, HRCC has grown rapidly in the road and bridge engineering field–spe......
Yutai Financial
Obtaining Personal Financial Support: A Guide to Using MYTAIFIN
Disaster can strike any time and from anywhere, leaving you and your family in severe financial difficulty. Unfortunately, not everyone has the means to adequately address their financial hardships. Mytaifin Financial is a service th......
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