In the intricate world of economics, where indicators and theories often shape the narratives of financial well-being, one theory stands out with a touch of glamour – the Lipstick Effect. Originating from the creative mind of Boston College Sociology Professor Juliet Shore in 1998, this theory gained prominence during the American economic recession in 2000,… Continue reading The Lipstick Effect Theory: Bangladesh in Spotlight
Author: MMP
The Invisible Debt That Turns Businesses Bankrupt
In the dynamic world of business, expenses are not always visible on balance sheets. While many entrepreneurs focus on traditional costs like marketing, production, and employee salaries, there is a silent and often underestimated expense wreaking havoc on businesses: the invisible cost of ignorance. This hidden cost, often overlooked, plays a significant role in hindering… Continue reading The Invisible Debt That Turns Businesses Bankrupt
Economic Benefits of Marriage
Marriage provides several economic benefits, including tax breaks, access to higher deductions and credits, the opportunity to combine incomes on tax returns, and the ability to benefit-shop for health insurance. Additionally, married couples can enjoy more Social Security benefits, retirement options, estate planning perks, and cheaper insurance. Spouses can transfer money and assets between them… Continue reading Economic Benefits of Marriage
International Accounting Day: How To Celebrate?
International Accounting Day, observed on November 10th each year, stands as a testament to the indispensable role accountants play in shaping the global economic landscape. This day serves as a celebration of the meticulous professionals who delve into the intricacies of financial records, and provide astute financial advice and audit statements with a commitment to… Continue reading International Accounting Day: How To Celebrate?
Economics of the Wedding Industry
The wedding industry is a significant contributor to the U.S. Economy, with various small enterprises involved in different sectors such as catering, wedding consulting, and dress manufacturing. Despite its relatively smaller share compared to other sectors, the wedding industry plays a substantial role in the economy. The industry has experienced a boom in recent times,… Continue reading Economics of the Wedding Industry
Economic Aspects of Marriage
The economic aspects of marriage involve partners providing economic support to each other, pooling resources and income to meet family needs, and improving their standard of living through combined income. Marriage also contributes to the stability of society. The Economic Aspects Of Marriage Marriage serves important economic functions, such as pooling resources and income to… Continue reading Economic Aspects of Marriage