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Data Privacy Violations filed Against 3 Lending Companies
Executives of three major online lending companies in the country are facing jail terms and fines for violating the privacy of their borrowers by alleged public shaming and making profit out of people’s fear of losing face and dignity, according to the National Privacy Commission (NPC). Read more...
The Biggest Lottery Jackpot is in the Philippines
You can be excused if you’ve never heard about the EuroMillions lottery. EuroMillions, the leading lottery in Europe, is not a household name like the American Powerball and Mega Millions lotteries. Yet this week, EuroMillions offers a €139 million jackpot . Not only is this the biggest lottery prize in Europe, but it’s also the biggest anywhere in the world. And you can now participate in this mega lottery. Keep reading...
Capitalism Defined
Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy — rather than through central planning—known as a planned economy or command economy . Read more...
Market Economy
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses. There may be some government intervention or central planning, but usually this term refers to an economy that is more market oriented in general. Read More...