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De Soto and his team argued that excessive regulation in the Peruvian and other Latin American economies forced a large part of the economy into informality and thus prevented economic development. While accusing the ruling class of 20th century mercantilism, de Soto admired the entrepreneurial spirit of the informal economy. In a widely cited ...
NEXT surveyed 1,500 small business owners aged 18-64 across industries and regions in late October and November 2024 to share findings about how economic factors are shaping business in the new year.
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
A conceptual worker who is not satisfied with his income can threaten to work for a company that will pay him more. The effect is a class division between conceptual and manual laborers, and ultimately managers and workers, and a de facto labor market for conceptual workers. [27]
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A trading nation (also known as a trade-dependent economy, or an export-oriented economy) is a country where international trade makes up a large percentage of its economy.
A national confederation of social economy enterprises was established in 1992, CEPES (Confederación Empresarial Española de Economía Social), to represent the interests of its membership and provide a platform for institutional dialogues with public authorities and the organization has matured through the political integration.