Personal Finance

How the Gig Economy Is Changing the UK Workforce

The rise of the gig economy in the past 10 years has dramatically changed the landscape of the workforce. Increased globalization and the accompanying technological changes have created a new class of workers that are distinguished as being highly mobile, flexible, and agile enough to match consumer’s ever-changing preferences. In short, a gig economyis a labor market that is…
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Personal Finance

Representative Money: Advantages and Disadvantages

In economics, people normally distinguish between 3 different types of money: Fiat moneyCommodity moneyRepresentative money. Before exploring representative money in-depth, let’s first go through a few brief definitions of each to understand the distinction…
Personal Finance

Commodity Backed Money vs Fiat Money

If you have spent any time around financial circles, odds are you have heard the two terms commodity money and fiat money. While both are types of money, commodity money and fiat money are differentiated based on what they represent and what grounds their…
Personal Finance

The Importance of Credit Creation: How Banks Create Money

Money is one of those objects caught up in an existential duality. We create money, we give value to money, and money only has value because humans believe it to have value. If tomorrow everyone forgot what money was, then money would no longer have any value. On the other hand, money seems to have a real existence apart from our thoughts and beliefs. After all, the stock market keeps ticking…
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