Interest
Interest is the amount of money paid to a lender above and beyond the return of the principal. For example, if someone lends out $1,000 and receives $1,100 back one…
Interest is the amount of money paid to a lender above and beyond the return of the principal. For example, if someone lends out $1,000 and receives $1,100 back one…
Viewed by economists as tools, not a theory. The concept of supply and demand is a way of viewing the world, allowing economists to understand the market and its prices.…
An individual can save and invest in order to increase his or her income in the future. A small decrease in consumption today can lead to a much greater amount…
The entrepreneur is the driving force of a market economy. This is because he creates products, prices and wages. The competition (other entrepreneurs) ensures that the prices aren't too high…
In direct exchange, people cannot afford to specialize on one task only. They have to do multiple task themselves: get food, water, clothes, build a shelter etc. This gets much…
This is the last post from Western Civ I. Why were Native Americans so easy to conquer? First of all, they were overwhelmed by the armies that came; they've never…
How were the ideas of Marsilius of Padua evident in Louis of Bavaria's conflict with Pope John XII? Louis started using the papal's crusade funds for himself. He acted more…
Discuss the rise and fall of Girolamo Savonarola Girolamo Savonarola became popular during the Medici time in Florence. Medicis grew their power in Florence and people didn't like that. Girolamo…
Discuss some of the key ideas of the Renaissance As I already mentioned in my previous posts, renaissance means "rebirth". The renaissance we will be talking about today is the…
Who was John Wyclif? He was a priest and a professor at Oxford. His works indicated that an individual belongs to the elects, which is usually falsely associated with John…