Economics Explained

Despite high taxes and cost of living Norwegians have a strong welfare system and economic security. Norway's oil wealth is invested in a sovereign wealth fund that belongs to its citizens. Invested in a diversified portfolio the fund's profits are used for education welfare and infrastructure.

Australia's thriving economy makes it a popular destination for wealthy migrants drawn to its safety cleanliness and opportunities. However high property prices caused by tax-efficient real estate investment policies have locked younger generations out of the housing market.

Businesses provide people with food housing clothing etc. in exchange for their productive time. If people's time no longer has value businesses will stop providing these necessities. Instead businesses will trade with each other.

Foreign aid in the Democratic Republic of the Congo provides essential resources like food and clothing but that can harm local businesses. The solution lies in restoring stability and confidence in the country a difficult task due to war and corruption.

Bill Benter made almost $1 billion by gambling on horse races using his computer algorithm. He was banned by the Jockey Club and was investigated by Hong Kong's tax authority yet he continued betting.

EVE Online is a massively multiplayer online role-playing game famed for huge space battles and player cons. Its remarkably lifelike economy is explored in a player nation's story.

EVE Online has a botting problem. Robots can be programmed to play this game for hours at a time with no rest needed. This has meant that normal players have been pushed to the side by armies of robots that can farm currency far more effectively.

Japan fights deflation through quantitative easing but growth is not restored and Fiscal policy is limited by high national debt. Japan's economy faces challenges and raises questions about the assumption of continuous growth in productive national economies.

We explore Titans the biggest ships in EVE Online and how the industrial superpowers have built them on a massive scale. Additionally we'll also check out a project so monolithic in its scale of player involvement that it surpasses any other project in video game history.

There are between 186 and 192 countries in the world—depending on who you ask. Let's take a look at the 50 largest nations and see what makes their economies tick.

Explore the economics of Star Citizen possibly the most ambitious virtual world in video game history. Star Citizens' story has been that of bold ambition record-breaking community support and plenty of frustration.

The basic idea behind joining a multi-level marketing (MLM) company is to buy products at a discounted rate and sell them to friends and family. However the real opportunity lies in building a sales team by convincing others to sign up and purchase products as well.

Monaco relies heavily on value-added tax (VAT) for revenue placing a burden on lower-income households. Wealthy citizens are fine with this model since they save on income tax and tourists contribute to VAT revenue.

North Korea's already struggling economy is shrinking. The centrally-planned economy defaulted on debts in 1980 and relied on China and the Soviet Union. After the Soviet Union collapsed it experimented with small-scale entrepreneurship but it faces sanctions due to increased military aggression.

India soon to be home to the world's largest population has the fastest-growing major economy. Despite a smaller GDP than California and significant problems with poverty decades of growth have lifted millions from poverty and point to a promising future.

RuneScape a fantasy massively multiplayer online role-playing game originally had a person-to-person trading system that created a unique economy that forced players to step into the world of business and consider factors beyond perfect economic assumptions.

Switzerland's neutrality and banking secrecy laws make it a safe haven for storing wealth—particularly for the super-rich. Confidence is key to Switzerland's economy and it is widely viewed as a stable and safe country.

Meet Andrew Yang and explore the economic policies of this tech entrepreneur and unexpected underdog democratic candidate for the U.S. presidency.

The foreign exchange market is dominated by companies investment firms and governments who play influential roles. Businesses can face foreign exchange risk when operating internationally but investors can use derivatives to mitigate this risk and make stable profits.

The world of cryptocurrency began as little more than an experiment in computer engineering circles and has since evolved into (arguably) the most dynamic and volatile asset class ever conceived. Explore the topic of cryptocurrencies pragmatically to see how they fit into the world of investments.

In the popular drama series "Game of Thrones" the economy of Westeros lacks efficiency due to limited trade and constant warfare. The Iron Bank similar to Napoleonic-era banks finances conflicts and seeks stability for repayment of debts—and may influence the outcome of wars.

Trump is a man who needs no introduction. Dive into President Trump's economic policies to explore the quirks features and more.

Negative interest rates exist for institutions not regular savers. They are paid to borrow not save. It's a perplexing concept used by big players in the finance industry and it's subject to speculation. It's unlikely to affect regular people in a significant way.

Canada has a strong and stable democratic government. Despite a lack of nominal GDP growth in the past decade and other economic challenges it is still the 8th largest economy in the world and has robust service financial mining and agricultural industries.

Norway and Venezuela both had oil booms. While Norway invested its oil wealth into a fund that generates revenue for the nation Venezuela relied solely on oil revenues. This reliance on a single source of income is a recipe for disaster as seen in Venezuela's economic collapse.