Economics
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Gross Domestic Product (GDP)
Gross Domestic Product (GDP) has become the bedrock of modern economics, serving as a vital measure of a nation’s economic health and progress. This comprehensive article explores the history of GDP, its calculation methodologies, its usefulness as an economic indicator, and the drawbacks associated with relying solely on GDP to gauge a country’s well-being. In… Continue reading
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The economy of Russia and China
Russia and China have taken distinct approaches to state involvement in their economies. While both countries have witnessed significant state control over industries, the mechanisms through which this control is exercised differ. In China, the party-aristocratic nature of the system allows for indirect state control over private industrial empires through control over individuals. Conversely, Russia’s… Continue reading
EAST AND WEST 