What is needed for Economic Progress?
When England discovered the American colonies there were only a few natives and no capital structure, and by the time the colonies formed a new nation they had the population and resources to sustain a successful country. The American colonies did eventually increase the standard of living for the people who lived there. This rise in the standard of living is called Economic Progress. Economic progress happens when the standards of living... Read More
What is Corporate Social Responsibility?
A businessman is happily laughing with his wife at the dinner table having a wonderful meal. He is in an exceptionally good mood today. He has just invested almost all of his retirement money in a business called WorldCom. Thankfully, their stock is soaring higher than they had ever expected. He decides to invest all of his spending money and spare cash, too. It seems like a good investment. About a month later, WorldCom... Read More