Economics

Who are the 3rd world countries?

Understanding which countries are considered third world involves examining historical context, economic development, and geopolitical factors. Originally coined during the Cold War, the term "third world" referred to countries not…

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What is the story of 1971?

In 1971, a series of pivotal events unfolded globally, shaping the political, social, and cultural landscape of the time. These events ranged from historic political decisions and technological advancements to…

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Who pays the government in Dubai?

Dubai, a part of the United Arab Emirates (UAE), has a unique economic structure that impacts who pays the government. Government revenue in Dubai primarily comes from sources other than…

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What is the global 1% of income?

The global 1% of income refers to the income threshold that distinguishes the top 1% of earners worldwide. As of recent estimates, individuals earning above approximately $60,000 annually are considered…

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How many billionaires are there in 2025?

In 2025, there are approximately 3,500 billionaires worldwide. This number reflects the ongoing growth in the number of ultra-wealthy individuals, driven by factors like technological innovation, real estate investments, and…

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What countries are under sanctions?

Sanctions are a key tool in international diplomacy, often used by countries or organizations to influence or penalize other nations due to political, economic, or social disagreements. As of 2025,…

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