How are Governments courageously dealing with the Coronavirus-Pandemic and the Corona-Crisis? Worldwide politicians are reacting very differently. Reactions to the pandemic have now become a war between optimism and pessimism. While some politicians realize how serious the current health crisis will be, others are busy procrastinating about an optimistic future. Early birds catch the worm and can navigate through the health crisis, taking leadership on flattening the pandemic spread of the Coronavirus.
Economics was my third-best option career after Aeronautical Engineering and Architecture respectively, but now I understand the reason why we need to share knowledge across disciplines.
The economic concept of opportunity costs is the most fundamental issue of economics as a social science that explains the decision-making and behavior of economic subjects. Economics subjects are private households, firms and the government as a public household. While explaining opportunity cost, focus on the question: why do people choose to do, consume orContinue reading “The Economic Concept of Opportunity Costs”
How modern is democracy?
Is the modern global society the Democracy we want and the World in which the future generations would like be born into? The current society needs to familiarize itself with the principles of democracy, amidst the current trend in society to neglect the willingness to diplomatic cooperative and constructive dialogue between different views and ideologies.