Search results for keyword: hardship
Currency devaluation
Currency Devaluation
Currency devaluation is the intentional lowering of the value of a nation’s currency relative to other currencies on the foreign exchange market. The primary purpose of devaluation is to make the country’s exports more competitive in the international market. By making its ......
08/07/2023 
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Currency withdrawal
Currency Reflation
In the modern global economy, currency reflation is increasingly becoming a necessity for countries and organizations to prevent economic downturns. When a country or an organization experiences deflation, it means that the prices of goods and services are dropping, leading to ......
economic recession
The Recession: Causes, Effects, and Solutions
A recession is defined as a slowdown in economic activity, usually involving a drop in production, an increase in unemployment, and negative economic growth. It is an economic crisis that has the power to cause a ripple effect of hardships among an en......
disability insurance
Disability Insurance
When most people think about insurance, they mostly think about car insurance, homeowners insurance, life insurance, and of course, health insurance. But there is another form of insurance that is often overlooked, yet just as important - disability insurance. Disability insu......
unemployment insurance
Unemployment insurance
Unemployment, especially in this tough economic climate, is a difficult situation to find oneself in. However, unemployment insurance can make the predicament a little easier, providing important financial protection for laid-off workers. Unemployment insurance typically pr......
social insurance
What Is Social Insurance?
Social insurance is a type of risk management program, the sole purpose of which is to protect citizens from financial hardship in times of need. It is based on the concept of a sharing of risk — one that spreads the costs of unexpected losses over a larger pool of indi......
social relief
Social Relief
The pandemic of COVID-19 has had a huge impact on the health and well-being of people around the globe, with significant disruptions to financial and social stability in many countries. Governments have stepped in to provide much needed social relief to many of their citizens. The d......
social policy theory
Introduction
Social policy encompasses all the actions of a government which aim to improve the welfare and social rights of a countrys citizens. It is based upon the principle that the government has a duty to take care of those who are unable to look after themselves, such as the elderly, disab......
liquidity trap
Recession and Liquidity Trap: An Overview
Introduction
Recessions are periods of economic contraction. During recessions, GDP falls, unemployment rises, and economic activity generally decreases, leading to a period of economic hardship and hardship for individuals, businesses, and governments.......
Generalized tax
Preferential Taxation
Taxes are an important source of revenue for governments, however it is also an unavoidable burden on citizens and corporations. In order to ease the burden and to promote economic growth, many governments are introducing preferential taxation, which provides tax incentives ......
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