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Politics, News & Issues > Political & Economic Theory How changes in the minimum wage affect the economy: 10 of 13
Do minimum wages distort the market? Yes, that's their purpose. Do they cause job losses? Yes, sometimes, but not always.Minimum wages raise the pay floor for workers. They intervene and distort the market equilibrium to ensure that a minimum wage is paid. However this intervention can have the affect of reducing the demand f... More..
Politics, News & Issues > Political & Economic Theory How governments control their citizens through taxation: 5 of 6
Taxation impinges on freedom of citizens by ensuring a person cannot keep the full product of their labour. Taxation implies that an individual is not sovereign but rather property of the state or society. Where charitable donations are voluntary, taxation is confiscation. When other individuals do this it is considered theft... More..
Politics, News & Issues > Politics in the UK Immigration: The Injustice Of United Kingdom New HSMP Policies: 5 of 6
The UK Government's response to the public's concerns over mass immigration in recent years is to introduce the Highly Skilled Migrants Programme. The HSMP will assess potential immigrants and award them points based on the skills they possess. Parliament or the Government will set a points threshold each year and those migra... More..
Computers & Technology > Computers & Technology (Other) An overview of WiFi technology: 6 of 7
Wi-Fi is a low power technology used as a wireless alternative to a cabled network. Unlike Bluetooth with is simply a 'one-to-one' cable replacement, Wi-Fi can operate in a hub configuration, enabling many devices to connect to it.The key feature of Wi-Fi is that it is an open standard. It is this standardisation which has dr... More..
Personal Finance > Spending & Saving (Other) The meaning of money: 22 of 23
Money has one single purpose: to facilitate transactions. Money has value because people perceive it to have value. I know i can spend my 20 for 20 worth of good in my local shop because i know that the shopkeeper also knows he can spend my 20 for 20 worth of goods somewhere else. Money replaced bartering by creating a common... More..
Business > Entrepreneurial Spirit Attributes successful entrepreneurs possess: 6 of 6
An Entrepreneur is somebody with a vision. Entrepreneurs can have many varying qualities but they all have a clarity of thought that enables them to identify an opportunity and 'see' the potential. Entrepreneurs have a fantastic ability to think laterally and are able to find their way around a problem. This can sometimes be ... More..
Business > Business News & Issues Understanding oligopolies: 6 of 6
An oligopoly is a market dominated by a small number of firms. It is similar to a monopoly which as a market dominated by a single firm. Oligopolies, like monopolies, exist due to high barriers of entry into the market, whether artificial or not. Oligopolistic markets are characterised by their interactivity, where the action... More..
Politics, News & Issues > Conservation Carbon trading explained: 3 of 3
Carbon trading is all the rage amongst politicians trying to tackle climate change. The principle is a very simple but clever mechanism which utilises markets to price the 'cost' of carbon into the economy.Companies who generate carbon emissions as outputs, as opposed to companies who generate emissions indirectly via their b... More..
Politics, News & Issues > Politics, News & Issues (Other) Background, present and future reforms of the House of Lords: 2 of 2
The House of Lords plays an important role in the British legislature. Presently an unelected chamber, reform of the House has been a hot topic for many years with many supporting a fully elected second chamber in preference to an unelected one. However, the issue is not as simple as it might seem and there are many arguments... More..