“The last capitalist we hang shall be the one who sold us the rope”- Karl Marx Capitalism refers to the economic system that is based on free markets and no or limited government intervention. Proponents of this economic system consider it to be the most efficient economic system as it improves the living standards. However, …
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Contemporary Macroeconomic Crisis
By the end of year 2014, Russia witnessed a crash in the financial market due to a sudden fall in the oil prices and also due to sanction wars. This led to the reduction in the domestic demand, devaluation of the Russian ruble and also caused high inflation in the country. The lowering of the …
Gurmeet's Blog 