Social media and economics may seem like totally different worlds on the surface, but they share one important characteristic: they are ever-changing in their impact on a society. Regardless of the system in question, a state’s economic infrastructure is layered in its relevance and ability to keep that state functional, and now, social media […]
Tag: international relations
Most successful, thriving societies hinge on the presence of a functional economic system. Economics allow these societies to study and manage various social and financial variables, ultimately resulting in a better understanding of their overall productivity and stability. Here, I take a look at one of the four main economic systems: command economics. Command economics […]
Economic and financial stability are crucial focal points for any successful society, but constant nuances and fluctuations can occasionally make these variables hard to manage, which in turn can lead to times of crisis. Unfortunately, there are have been several significant economic crises that have occurred throughout history all over the world. Below are a […]
Here are a few major social factors that tend to affect economic development.
