May 17, 2022

Portugal’s Economy from 2008 Financial Crisis to COVID19 Pandemic

Introduction Portugal’s economy has experienced the effects of the different crises over the years. The various crises affected the GDP, economic growth, inflation, and unemployment rates. Portugal experienced a recession in 2008 and 2011 and is currently dealing with the effects of the Covid 19. During these crises, the government intervened to help its citizens …

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Monopoly, Cartels, and Price Discrimination in Social Networking Industry

Introduction Facebook may be considered a monopoly under monopoly criteria due to the number of producers, the barriers to entry, the interdependence, and the concentration ratio according to the article “It’s Time to Break Up Facebook by Chris Hughes” published in 2019. Facebook has a monopoly in the social media market since it was the …

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Ethical Issues in the Banking Industry UK

Background and Case The baking system typically forms the backbone of different countries’ economic development. This backbone concept is founded on the idea that it offers liquidity to the private sector, individuals, and entrepreneurs, making it more vulnerable to any financial crisis, leading to the focus on this area. Essentially, fundamental concepts such as responsibility, …

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