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The mankind give debt and take for centuries.5000 years ago,at the age of which civilizations has not started yet,in Mesopotamia(today’s Iraq),there is evidence from people that such relationships are being established.However, the modern banking system emerged in Italy in 14th century.The “bank” means come from the word ‘banca’ which means…


The Gross Domestic Product is the most considered economic statistic.It provides a summary measure of economic activity in a country over a period of one year — it is directly related to key factors such as household incomes or employment rate.However, …


Anne Robert Jasques Turgot,in 1769,he cautioned that in despite of being something that is highly needed water is not considered a valuable thing in wetlands.Seven years later,Adam Smith,carried that one step further:According to him,high amounts do not paid for water in despite of there is nothing valuable more than water.Even…

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Economics-Founder&Ceo-Entrepreneur-Blogger-Copywriter.Founder of “Father of the Economics , SCG Group&SCG Soft”

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