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What is Cyclical Unemployment?

Cyclical unemployment is closely related to Keynesian economics theory. It refers to a situation where there are more people looking for work than there are jobs available. This type of unemployment is caused by the business cycle. It can occur for a number of reasons but is related to the performance of the economy. A good example is when cyclical unemployment occurs due to a fall in consumer demand. This leads to manufacturers reducing production and thus not needing as many employees. This situation causes increased unemployment.

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What is a Promotion and How to Get One?

A promotion is something that a lot of us dream about. It might seem like an answer to our prayers or a just reward for all our hard work. When we talk about a promotion we are usually referring to a rise in rank within an organization. For example, a manual laborer might be promoted to a foreman or a junior member of a team might be given a management position. In most instances a promotion will come with an increase in pay and improved conditions, but this doesn’t always have to be the case. It could be that the only reward from a promotion is an increase in responsibility.

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What is Competency Mapping?

In order for a business to perform well it needs to get the most from its assets. One of the most important assets of any business will be employees and competency mapping is all about using this resource as effectively as possible. Competency mapping is based on the work of psychologists and the aim is to help the individual perform as efficiently as possible; this benefits not only them but also the organization they work for.

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What is a Multinational Corporation?

multinational corporationsA multinational corporation can also be referred to as an international corporation. This is the type of company with production outlets in different countries or that sells their products and services in different countries. In the last few decades we have witnessed a huge rise in the number of multinational corporations. Read the rest of this entry »

Top 5 Best Quantitative Finance Books Reviewed

The use of sophisticated mathematics in finance is a complex subject, but luckily there are some great books available to make this subject more approachable. What follows are the top 5 best quantitative finance books available; these will be of use to people of all levels of interest to the topic.

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Top 5 Best International Finance Books Reviewed

International finance is a fascinating subject that is not only of interest to economists, and academics, but also to members of the general public as well. There have been some excellent books written on this subject and we won’t be able to review them all here. What follows is just the top 5 best international finance books reviewed.

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What is Modernization Theory?

Modernization theory focuses on how societies modernize. It is based on historical research and aims to describe how a society becomes modern. Supporters of this theory have used these ideas to provide a template for how countries that are considered ‘underdeveloped’ should develop. This is a theory that causes a lot of debate and is not accepted universally.

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What is the Difference Between Capitalism and Socialism?

Capitalism and socialism are too very different ways of managing an economy. These two conflicting approaches have been used by different countries around the world and both sides continue to have strong support. There have also been countries like the UK that have attempted to mix the two economic philosophies. The main difference between capitalism and socialism is in regards to how resources in a country should be owned and controlled.

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