Most companies and corporations are confined to meet some federal requirements as per the law in Virginia. There is currently no defined overall minimum wage rate in Virginia, but organizations including more than four workers befit this policy.The current minimum wage in Virginia is fixed at $7.25/hour, which is according to the federal wage plan. The government is working to change this policy and raising it to $9.50/hour from 1st May 2021.Furthermore, it can extend to $11/hour from … [Read more...] about Minimum Wage in Virginia
Economy
Effects of Covid on Sale of Cat Products
COVID-19 pandemic has affected all sectors of human life. Social distancing, stay-at-home orders, schools, and office closures have resulted in all-new patterns of living. In the lockdown protocols of COVID-19 business industries all over the world suffer major setbacks. It has created both unprecedented challenges and opportunities for the cat care market players. Pre-COVID-19 forecast of the cat care market pegged at 5%-6% growth in 2020, which is estimated to suffer a drop of 2.5%-3%. The … [Read more...] about Effects of Covid on Sale of Cat Products
How to Find a Good Economic Consultant
This year has been a year of turmoil and trials that have felt like swing after swing at businesses and those running them. Many companies aren't going to make it out of this year damage free, and some might not make it into the next year at all unless changes are made.One of the best options people turn to when they're hoping for changes that will save their business is looking for an economic consultant. These professionals are like sighthounds of the business world.They know good … [Read more...] about How to Find a Good Economic Consultant
Food Security Challenges in Pakistan
Climate change is a reality that results in severe consequences and disturbs the balance of life around the globe. Many other factors including industries have contributed that results change in the global climate. Pakistan has been ranked the 8th most-affected place from Climate Change in ‘The Long-Term Climate Risk Index (CRI): the 10 countries most affected from 1998 to 2017 (annual averages)’.The report on the Global Climate Risk Index 2019 highlights extreme weather events including … [Read more...] about Food Security Challenges in Pakistan
How Can you Help Reduce Poverty
It is quite prevalent that the economic crisis has taken over the world badly. All the states and countries, either rich or poor, are suffering from this mess. One of the biggest countries in the world, like the USA, is among them, where the prevalence of poverty is a huge concern. When it comes to the states, people there, usually think of urban or rural areas, where the poverty rate is notable.However, this theory does not fit anymore. According to some researches, the ratio of poor … [Read more...] about How Can you Help Reduce Poverty
Effects of COVID-19 on World Economy: Shocking Facts
RED ALERT: Pandemic outbreak has taken over the world. On 30th January 2020, the World Health Organization (WHO) has declared COVID-19 public health emergency of international concern. The COVID-19 that started its journey from china now sadly has its roots in more than 190 countries globally.Around 5 years ago in 2015 a Ted talk held in Vancouver, in which co-founder of Microsoft, Bill Gates had warned the world about pandemics. Bill Gates predicted about germs war. He stated:“If … [Read more...] about Effects of COVID-19 on World Economy: Shocking Facts
4 Crops that Plays Important Role in US Economy
The world has developed a lot in the field of agriculture. Many countries are making their name, America is one between them. There are many reasons for its development. One of them is the crop-growing business.Due to changes in climate, America can grow different kinds of crops. Many farmers in America do not grow only single but a different variety of crops. That includes vegetables and fruits and commodity crops like corn, soybean, cotton, and wheat.CornAmerica produces corn in a … [Read more...] about 4 Crops that Plays Important Role in US Economy
Global Market Trends to Watch Out For in 2020
Around the world, economies are stabilizing. But the trade tension between the superpowers USA and China continues to send ripples in the global economic pond, affecting emerging countries, specifically.The World Bank has a conservative global market outlook for 2020, which it estimates to be about 2.5 percent. It is not a significant improvement from the post-crisis numbers registered in 2019. Emerging economies are expected to suffer a slowdown at the levels near the global financial … [Read more...] about Global Market Trends to Watch Out For in 2020
Cause of the Growth of the State Business Ownership
It involves all those business, trade and industrial activities which are carried on under the ownership and management of the government. It is desired by every Govt. for the purposes of safeguarding the public interest. It is regarded most essential to promote the welfare of the country. The state enterprises are conducted by government or semi-government organization and public or statutory corporation. All the public utility programs are particularly served by the state ownership … [Read more...] about Cause of the Growth of the State Business Ownership
Marshall’s & Robbins Economics Definition
“Economics is the study of man in ordinary business of life. It enquires how he gets his income and here he uses it. It examines that part of individual and social action, which is most closely connected with the attainment and with the use of material requisites of well-being. It is the study of wealth on one side and on the other side, which is more important, it is a part of the study of man. Marshall’s“Economics is the science which studies human behaviour as a relationship between … [Read more...] about Marshall’s & Robbins Economics Definition
Characteristics of Developing Countries
A country where the average income of people is much lower than that of developed countries, the economy depends upon a few crops and where farming is conducted by primary methods is called developing country.“A developing country is that in which per capita income is low when compared to the per capita incomes of U. S. A, Canada, Australia and Western Europe.” According to united Nations Experts:“The under developed country is that which has low levels of living (absolute poverty, poor … [Read more...] about Characteristics of Developing Countries