Search results
Results from the WOW.Com Content Network
10. China's GDP has multiplied tenfold since 1978. Currently, China has the second-largest economy in the world, following the United States. While customers of Chinese exports aren't complaining about this growth, economists have a bevy of issues to take up with China, including currency manipulation, exploitation of labor and environmental ...
Fun Facts About Oil History . 7. The etymology of “petroleum” is derived from Ancient Greek “petra” (rock) and “élaion” (oil). 8. Oil has been used for over 5,000 years, especially for medicine (like gout and frostbite). 9. The first known oil wells were drilled nearly 2,500 years ago in today’s China.
GM sold slightly more cars in China than in the U.S. in 2011 -- 2.55 million to 2.50 million. 55. 85% of Americans 18 or older own cell phones, according to Pew. About one-third of those that don't own a phone live with someone who does, so about 90% of American adults live in a household with a working cell phone.
A command economy is a major feature of communist systems and the opposite of a capitalist society (where production and price levels are determined by market forces like supply and demand). In a command economy, the central government planning office determines production, distribution, and pricing. Capitalism encourages entrepreneurs to start ...
47. As of 2021, China is the top producer of gold. 48. China is also the world’s biggest gold consumer, owing to its technological manufacturing, demand for jewelry, and central bank reserves. 49. Astronauts' visors are coated in a very thin, transparent layer of gold (.000002 inches) to reduce glare and heat from sunlight. 50.
And we found some facts that will get you looking at this tiger. The second most populous country in the world has been creeping up on China as the biggest powerhouse of the East. While trying to decipher if India could soon trump the great China, we discovered some interesting facts.
4. The percentage of Americans participating in target-date mutual funds rocketed by 19% in 2006 to 36% at the end of 2010, according to the ICI Factbook. 5. There were 1,134 ETFs at the end of 2011, according to the ICI Factbook. That's an 11-fold increase since 2001 when there were 102. 6.
As valid currency solely by virtue of a government declaration, fiat money is not backed by any commodity, such as gold, but only by the faith of the bearer. In this respect, unlike currencies backed by gold or silver, fiat money does not have any intrinsic value (e.g., paper money and much coinage). The U.S. dollar is an example of fiat money.
A commercial letter of credit is one of the most common and is reflected in the example above. This kind of letter acts as the primary payment mechanism between the customer and the beneficiary; that is, the issuing bank makes the actual payments to the beneficiary every time. So in our example above, Bank of Alabama pays Company ABC directly ...
Examples of Globalization. Free trade, travel, and communication across countries are all examples of globalization. Globalization can efficiently organize a company’s services and production wherever the labor offers the lowest costs. China and Mexico have a large supply of manufacturing laborers who can make parts for products more cheaply ...