Economics

Currency The Greatest Invention In Human History | Greatest Invention of All Times

There are countless inventions in human history. Few inventions had changed the course of human history. These inventions may include the hand axe, agriculture, writing, individual reasons, and artificial intelligence. But there is one invention which has profoundly changed the […]

Economics Sociology

Reverse Capitalism | What Is Reverse Capitalism?

What Is Reverse Capitalism? What is capitalism? In capitalism, the capitalists and entrepreneurs make the investment of capital, ideas, and efforts and try to earn more and more profit. The accumulation of more and more wealth by corporations is the […]

Economics

What Is Creative Destruction?

The term creative destruction was first coined by Joseph Schumpeter in his book Capitalism, Socialism and Democracy in 1942. Joseph Schumpeter was an economist of the Austrian school which advocated a laissez-faire approach to economic policy. He had put up […]