Friedman argues that even when few people openly protest against state regulations, the impact of such restrictions on individual freedom remains profound and worth examining. Competitive capitalism, he says, not only enables economic efficiency but also promotes political freedom by separating economic power from political power. However, this relationship is not absolute, countries like Fascist Spain, Fascist Italy, and Tsarist Russia all allowed private enterprise yet lack

The labor market is changing rapidly, maybe even more rapidly than realized. The gig economy, which refers to the short-term and flexible jobs you hear about on apps like Uber, Lyft, DoorDash, Fiverr, and Upwork, is completely revolutionising the way people work, how companies hire, and even how governments try to regulate jobs. It is exciting, but also kind of risky. To start from the positive sides, gig work is flexible. You can pick up shifts or projects when it suits you,

Nobel Economics prize winner Daron Acemoglu’s work, Power and Progress doesn’t just analyze how artificial intelligence is transforming society but it questions things we don’t even think about. His thesis is urgent: technological advancement, when left to market forces alone, tends to deepen inequality, entrench political manipulation, and erode democratic accountability. Acemoglu takes us on a historical journey to show that the story of automation is not new. In fact, bac

The economic terminology used throughout this text is provided and explained in the definition list at the end. Thames Water is a private utility company based in the United Kingdom that provides water supply and wastewater treatment services. It serves around 15 million customers across London and the Thames Valley, making it the largest water and wastewater services provider in the country. The company is responsible for managing water reservoirs, treatment plants, and an e