Rich To Do

Monopoly and Oligopoly: The Comparison

Monopoly and oligopoly are economic market conditions. Monopoly is a market condition whereby only one seller is selling a completely heterogeneous product at the marketplace, having no close or similar substitutes to the product offered by the seller. On the other hand, oligopoly is a type of competition, whereby there are a few number of […]

Warren Buffett’s Way to Invest for Retirement

If you’re looking for a simple plan to build your retirement savings, one of the world’s most successful stock market investors has some clear advice. Warren Buffet advice to on retirement is as follows. Consistently buys an S&P 500 low-cost index fund. Warren Buffet thinks it’s the thing that makes the most sense practically all […]

70/30 Rule on Managing and Investing Money

Here is an idea of managing and investing the money to be able to work for current and future. There are many formulas available out there, as well as its variation, here with an example of a simple formula for creating wealth; in particular, where and how your money should be allocated. The 70/30 Rule […]

Diversification Stock strategies: Do’s and Don’t

Maintaining a diversified portfolio is essential to any long-term investment strategy, whether the market is bullish or bearish. A diversification strategy can help to reduce the overall investment risk and achieve more consistent returns over time. Herewith are some of the strategies that you can do to diversify the stock. Allocate the assets Assets are […]

Ideas for Small Business

Small businesses have the power to change the economy, and now is the perfect time to leverage some of the many tools and resources available to start a business. So you intend to start a small business? Well, the good news is you are half in the battle by having the entrepreneurial drive. You need […]

How to Calculate Depreciation of A Car

Any new car experience a drop in its depreciation value, the minute a new car is driven off of the lot. Fundamentally as the car ages, its value will diminish. There are many situations in which the depreciation needs to be calculated such as leasing a car, getting a loan for the car, buying a […]

Abraham Maslow and Theory of Needs

The Hierarchy of Needs Theory was proposed by Abraham Maslow in 1943 and well renowned as a classical theory of human motivation. The theory is explained through 5 tiers of human needs as follows. 1. Physiological needs This is related to the physiological needs are the needs for basic amenities of life. These are the […]

Karl Marx and Theory of Capitalism

During its history, capitalism has been the subject of criticism from many perspectives. The range of criticisms comes from people who disagree with the principles of capitalism in its entirety, to those who disagree with particular outcomes of capitalism. Among those wishing to replace capitalism with a different method of production and social organization, a […]

Keynes’s Theory of Money and Traditional Theory of Money

Keynes’ great value lies in removing the old fallacy that prices are directly determined by the quantity of money. His theory of money and prices brings forth the truth that prices are determined mainly by the cost of production. Keynes disagrees with the old analysis which establishes a direct causal relationship between the quantity of […]