What are some of the reasons Rich countries are Rich and Poor Countries are Poor? Whether a country is rich or poor can be determined by five primary factors: Social‚ Political‚ Natural Aspects‚ Technological and Economical. The wealth of a country can also be assessed by the average GDP of a country. Rich Countries like U.S.A. have a GDP of $46‚716. While Poor Countries like Malawi have only $200. Research statistics show that rich countries around the world have a “Democratic” system of government
Premium United States Infant mortality
Increased taxes on the wealthy seems fair in our opinion. Taxes are a way for the government to bring in more money. The money is used for when economic times get hard and challenging. It is also used for education‚ social security‚ health‚ and other things needed in our country. The wealthy are most likely able to afford these increases in taxes. This doesn’t mean that they shouldn’t tax the less wealthy/poor and middle class. That’s why their taxed less‚ cause they don’t have as much financial
Premium Economics Macroeconomics Tax
I. DEFINITIONS VENTURE CAPITAL a 1. The financing provided for start-up‚ often high-risk‚ private business enterprises is called: a. venture capital. b. junk bonds. c. flotation costs. d. initial public offerings. e. financial futures. REGISTRATION STATEMENT b 2. The document(s) filed with the SEC disclosing all material information relating to the firm making an offering of public securities is called the: a. offering prospectus. b. registration statement. c. red
Premium Initial public offering
Chapter V1‚ Laws of the Federation of Nigeria (LFN) 2004. The tax is administered by the Federal Inland Revenue Service (FIRS). Rates and scope Rates The standard VAT rate on goods and services is 5%. Value for VAT purposes includes customs duties‚ taxes‚ commission‚ transport‚ insurance and other charges‚ where applicable. Other than the standard-rated goods and services‚ some goods and services have been classified as VAT exempt‚ while others are zero-rated. Scope The standard rate applies to all
Premium Value added tax Indirect tax
Culturally Rich Inventions The digit zero and the numbering system Chess Algebra‚ Trigonometry‚ and Calculus The decimal system The game of Snakes and Ladders The value of “pi” Noble prizes in Literature‚ Physics‚ Economics‚ Peace and Medicine Ayurveda is the earliest literature of medicine known to mankind. The father of medicine‚ Charaka‚ practiced medicine 2500 years ago. Until 1896‚ India was the only source for diamonds to the world India never invaded any country in her 10‚000 years
Premium Medicine Science India
American Culture The American Culture is rich‚ complex‚ and unique. Our culture‚ which is an important component of the nation’s identity‚ emerged from short‚ rapid European invasion of the Americas‚ sparsely settled by diverse native peoples. The African’s arrival added yet another layer of unique cultural complexity to the territories named the New World. These three cultures‚ European‚ Indian‚ and African were very different and yet a lot alike. Their ways of life were greatly diverse although
Premium United States Middle class Social class
you want the details. Chapter One - Rich Dad‚ Poor Dad In Chapter One Kiyosaki lays the groundwork of the story then ends it with the poem “The road not taken” by Robert Frost to give you the idea that you are about to learn how to do things differently‚ and that will make all the difference… Of course the irony is that since you are reading a NY Times best seller‚ by reading the book you are actually taking a path very much traveled by. Chapter Two - The Rich Don’t Work For Money The book begins
Premium Asset Wealth condensation Wealth
University Graham Lecture‚ 2008 Why are some countries rich and others poor? Since 1500‚ incomes have risen in most of the world‚ however: • Incomes have risen fastest in the countries that were richer in 1500 • Consequently‚ world inequality is much greater today than in 1500 • In 1500‚ average income in the UK was only 30% higher than in India • Today‚ the average UK income is ten times that in India. The graph shows when the West got rich. 25000 GDP per head 1990 US$’s 20000 15000 10000
Premium Industrial Revolution 18th century Scientific revolution
discussion regarding the increase of minimum wage across the nation. Currently‚ the wage is set at a low amount of $7.25 an hour. In today’s society it is almost impossible to live on only an income of $7.25 an hour especially for those who are raising a family. In President Obama’s 2013 State of the Union Address‚ the president proposed to raise the minimum wage to 9 dollars by the year 2015 (Luhby). A higher minimum wage would help people living in poverty by providing better means of financial
Premium Minimum wage Wage Employment
Rich Dad‚ Poor Dad Robert Kiyosaki and Sharon Lechter This book was written about a man who had “two fathers” ’ one who had a Ph.D and the other who barely finished 8th grade. One of the fathers was actually his friend’s father‚ but someone who the author looked up to and appreciated very much. The other father was his own ’ who he also looked up to and appreciated‚ but who did not teach him much about money or finance. The first lesson of this book is: the rich don’t work for money.
Premium Balance sheet Entrepreneurship Asset