Globalization refers to the increasing interconnectedness of economies, cultures, and societies through trade, technology, migration, and communication. While it brings opportunities for growth and cultural exchange, it also poses challenges
The informal economy refers to economic activities that are not regulated by the government, often untaxed and unmonitored. Examples include street vendors, small-scale home businesses, day labor, or gig work
What Social Enterprises Are Organizations that combine business strategies with social goals. Examples: Fair-trade shops, community-based cooperatives, eco-friendly startups, microfinance institutions. Advantages of Social Enterprises Financially sustainable compared to charities
Education & Skills – A more educated workforce leads to innovation and productivity. Healthcare – Healthy populations are more productive and resilient. Gender Equality – Women’s participation in the economy
Economic growth and social development (improvements in education, health, equality, and quality of life) are closely connected. However, growth does not always guarantee development—it depends on how resources are distributed
Consumer behavior is not only about buying products—it also mirrors what people in a society value, believe in, and prioritize. The way people spend money often reflects cultural norms, moral
