Intellect PlusBusiness and economics
547 cards. Each one is a 40-second story with a five-minute read behind it. Page 10 of 10.
Economists agree free trade is best, but not on how to set exchange ratesEconomists broadly treat free trade as the ideal, yet they have no consensus on the best way to manage a currency's value. Floating, pegged or something in between, each country's…
India sells the most cinema tickets, yet ranks only fourth in film revenueHollywood makes the most money, but India makes the most films and fills the most seats. In 2009 alone it produced 2,961 films on celluloid. Rock-bottom ticket prices explain the …
A bank earns its keep in the gap between two interest ratesWhen you deposit money, a bank pays you interest, then lends those funds to a borrower who pays a higher rate. The difference is the bank's reward for matching savers with people …
Overfished Devon waters gave birth to the modern deep-sea trawlerBy the early 1800s, fishermen at Brixham in Devon had emptied their local grounds and needed to sail farther than ever. The fast, sturdy boat they developed could tow big nets in …
Europe's biggest financial centres both sit outside the European UnionThe European Union is the world's second-largest economy by nominal output, behind only the United States, yet the continent's two largest financial hubs, London and Zürich, lie b…
A country of farmers became a quarter of the world economyIn the early 1800s, over four in five Americans worked the land. Today the United States produces about 26 percent of global output, the most of any nation measured at market exch…
Whether you are an employee or a contractor decides who owns your ideasIf a company hires you to invent, it owns your inventions even without a signed assignment. Commission the same work from an independent contractor, and the copyright stays with t…