Poverty compromises the market's access to skilled labor which is essential for production of needed goods and services. Poor people lack access to good health care, which presents challenges in workforce productivity. T... More »

Statistics show that there is a correlation between poverty and juvenile delinquency, and this is due solely to socio-economic factors. Children who live in poverty are less likely to attend good schools or participate i... More »

Some of the ways that education affects the lives of people include reducing poverty, increasing opportunities, and lowering the risk for diseases and health problems. Through advancing understanding and peace, education... More »

Pricing policy refers to the way a company sets the prices of its services and products basing on their value, demand, cost of production and the market competition. Pricing policy is essential for all companies as it pr... More »

Collaborative commerce is defined as creating more efficient distribution and supply channels as a way to maximize production in the world economy and utilize new technology. This specific type of commerce is a business ... More »

A one-crop economy is an economy where income generation relies solely on the production and sale of one agricultural crop. Monocropping is the agricultural practice of a one-crop economy. More »

A planned or command economy is one in which major functions, such as production and distribution of goods, are controlled by the government. In a planned economy, the government owns some or all production facilities an... More »