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Top 5 Best Global Economics Books Reviewed

In recent years there has been plenty of evidence to show just how closely the different economies around the world depend on each other. In order to fully understand our own economy it is now vital to understand it within the global perspective. There have been a number of great books written on this subject. Here are the top 5 best global economics books reviewed.

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Top 5 Best Global Economic Crisis Books Reviewed

Economic crisis can lead to much human suffering but it is also when the economy tends to be most interesting. These global crises have happened more than once in the past and they are likely to happen again in the future. It is hoped that by understanding the mistakes of the past that we will be able to prevent them from occurring again in the future. There have been some great texts written on this topic. Here is the top 5 best global economic crisis books reviewed.

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Top 6 Best Business Leadership Books Reviewed

Competent business leadership is crucial for a successful economy. Those individuals who provide leadership will have the success of a business in their hands. If they fail to do their job properly then it could easily lead to failure for the company they work for. There have been some great books written on this topic over the years, but it would not be possible to review all of these. Here we will be reviewing just the top 6 business leadership books.

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What is Deficit Financing?

When working with budgets, the aim of the exercise is to have enough money to pay debts and  bills, as well as some money over for unexpected events. Usually this is achieved relatively easily as budgets are adapted to conform to the amount of money available. There are, however, situations when there is a deficit in the budget, i.e., there is a gap between the money that you collected (or are paid) and the amount of money that you need to meet your budgetary commitments.

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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 an Underwater Mortgage?

underwater mortgageIf you follow the newspapers you will probably have heard the term “underwater mortgage”. This has nothing to do with owning property beneath the waves but instead refers to a situation where the amount you owe on a property is more than the value of the property itself. Since the economic meltdown a few years ago there have been a lot of people who have found themselves in this unenviable situation.

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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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What is an Entrepreneur?

Entrepreneurs are seen as some of the most important people in any society. These are individuals who help create wealth and jobs and it is hard to imagine how our economy could work without them. The word ‘entrepreneur’ is French in origin and it basically means ‘to enter and to take’. An entrepreneur in the simplest terms is somebody that is willing to take risks with their own money in order to launch some type of venture.

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