Hey there, fellow Earthling! Buckle up, because we’re about to take a wild ride through the enthralling world of modern economics. Yeah, I know, “economics” might sound like a snooze-fest. But trust me, it’s like a high-octane blockbuster once you get into it.

What is Economics?

Hold on to your hats, folks! We’re about to dive into the roller-coaster world of economics. But wait, what is economics? Well, in simple terms, it’s the study of how people, businesses, and governments make choices on allocating resources to satisfy their needs and wants. Think of it like a giant puzzle, where every piece affects the other. Pretty cool, huh?

The Evolution of Economics

Think of economics like a video game character that levels up over time. Back in the day, it was all about supply and demand, with Adam Smith’s invisible hand guiding the show. Then came Keynes, saying “Hey, the government should spend money to fix stuff!” Fast forward, and now we’ve got cryptocurrencies, behavioral economics (psychology’s cool cousin), and all sorts of fancy schmancy stuff. It’s like economics went from being a basic flip phone to the latest smartphone – constantly adding new features and getting sleeker by the minute. 

From Classical to Modern Economics

Now, let’s rewind the clock a little. In the past, economics was all about supply, demand, and not much else. But as time went on, it morphed into the multi-faceted beast we know today. Modern economics is like a smartphone, whereas classical economics is like the old rotary phones. They both make calls, but one can do so much more!

Core Concepts of Modern Economics

We’re about to dive into the meaty stuff of modern economics. Imagine it as the very backbone of how money makes the world go ‘round. No need to be scared, though. We’re going to break down some of the most exciting concepts in a way that even your neighbor Bob could understand.

Supply and Demand

Remember those old school see-saws? Supply and demand are kind of like that – when one goes up, the other comes down. It’s the backbone of market economies. The choices we make on what to buy or produce, they all boil down to this dynamic duo.

Macroeconomics

Zooming out to see the big picture is what macroeconomics is all about. Imagine looking at the Earth from space, it’s the same concept. It deals with the performance, structure, and decision-making of an economy as a whole.

Microeconomics

Now, let’s zoom back in. Microeconomics is like peering through a magnifying glass at individual elements like you, me, businesses, or households. Ever wondered how your local coffee shop decides on the price of a latte? That’s microeconomics!

The Digital Economy

Imagine swapping your piggy bank for a digital wallet, your grocery shopping for a click, and your meetings for video calls. That’s the digital economy, my friend! It’s how we buy, sell, connect and pretty much live our lives through the magic of the internet and technology. Think of it as the cool, modern cousin of the traditional economy.

The Third Paragraph

Digitalization has woven itself into the fabric of economics like a spider spinning a web. It’s a bit like switching from handwritten letters to instant messaging. One arena where the digital economy has made waves is in the world of live casinos. Ah, live casinos – the adrenaline, the lights, the action! Pragmatic Play https://livecasinofinder.com/vendor/pragmatic-play/ is a prime example, where you can dive into a sea of immersive and innovative casino games. They’ve elegantly bridged the gap between traditional and online gaming. Kind of like a teleportation device for casino enthusiasts!

The Role of E-commerce

E-commerce is the digital era’s darling. It’s like having a shopping mall in your pocket. It has revolutionized the way we buy and sell products. Click, click, and voilà – that pair of sneakers is yours!

Globalization and Trade

Buckle up, because we’re about to embark on an adventure through the wild and exhilarating world of economy, globalization, and trade. It’s like taking a magic carpet ride around the world without leaving your seat. Let’s dive in!

The World Trade Organization

Globalization is like a massive, worldwide party where everyone’s invited. The World Trade Organization is the bouncer – ensuring that global trade flows as smoothly, predictably, and freely as possible.

International Trade Agreements

International trade agreements are the rulebooks of this global shindig. They’re like a set of house rules ensuring everyone plays nice.

The Impact of Economics on Society

Yo, let’s have a heart-to-heart about something that affects all of us: the impact of economics on society. Imagine economics as the puppet master and society as the puppet. The strings attached can make the puppet dance or even stumble. So, let’s put on our detective hats and unravel this mystery.

Employment and Income Inequality

Economics is a double-edged sword. It can create jobs, but also income inequality. Imagine a pizza – the bigger your slice, the smaller someone else’s might be.

Sustainability and Environment

Our planet is like a spaceship, and economics plays a role in steering its course. Sustainable economic policies help ensure that we don’t crash and burn.

The Future of Economics

So the future of economics? It’s like a roller coaster with robots and digital money on board. We’re talking automation, cryptocurrencies going bonkers, and sustainability as the new cool kid. It’s a whirlwind of tech and eco-friendliness, with a dash of “where did the jobs go?”. Fasten your seatbelts!

Automation and Artificial Intelligence

Robots and AI are changing the game. They’re like economic superheroes, swooping in to increase efficiency but sometimes leaving human workers in the dust.

Conclusion

So there you have it! From supply and demand to robots, economics is a wild ride. Like navigating a labyrinth, it’s complex, but oh-so-fascinating. What’s around the corner? Only time will tell.

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The casino industry is a multi-billion-dollar enterprise that has been around for centuries, with its origins dating back to ancient civilizations like the Greeks and Romans. The earliest form of gambling, involved simple games of chance like rolling dice or flipping coins.

Over time, gambling evolved into more complex games like card games and roulette, which required more sophisticated equipment.

The Use of Chips in Today’s Casinos

Today, the casino industry is a sophisticated operation with state-of-the-art gaming equipment, high-tech security systems, a wide variety of games to choose from, and rewards like casino offers for their players. But one of the most significant changes, especially in the land-based casino industry, is the shift from cash-based transactions to using chips.

Casino chips are small, round tokens used as a medium of exchange in casinos. They are typically made of plastic or ceramic, and come in a variety of colors and designs to denote different values.

In this post, we will explore the history of chips and how they came to be the most preferred form of currency in casinos.

History of Casino Chips

The history of casino chips dates back centuries and is an interesting story of evolution.

Did you know that the earliest forms of gambling used things like stones, bones, and shells to represent currency? In ancient China, players used paper sheets as money and marked them with an imperial seal to prevent counterfeiting. In Europe, the first official casino opened in Venice in the 17th century, and chips made of bone, ivory, and clay were used as currency.

The use of chips became more widespread in the 19th century in the United States during the California Gold Rush. Players would use gold nuggets and coins as currency, but as the value of gold fluctuated, it became difficult to keep track of winnings and losses. As a solution, casinos began issuing chips made of clay, often featuring their logo or emblem on the front.

Modern History

In the early 20th century, the invention of the slot machine led to a new era of casino chips. The machines were designed to accept tokens, which were similar in size and weight to regular coins but were made specifically for use in the machines. This allowed players to easily play the machines without having to constantly feed in actual coins.

The Great Depression of the 1930s saw the rise of organized crime and illegal gambling, which led to the need for more secure and traceable currency in casinos. In response, the Nevada Gaming Control Board was established in 1955, which mandated that all casinos in the state use chips that were unique to their establishment and could be easily tracked.

This led to the use of modern casino chips made of a composite of materials, including clay, ceramic, plastic, and metal.

Chips vs Cash: Why Chips Are Preferred

Chips and cash are both forms of currency used in casinos, but there are several key differences between the two.

Convenience and Security

When you enter a casino, you can exchange your cash for chips at the cashier’s desk. From that point forward, you can use the chips to make bets and play games. Using chips eliminates the need to carry cash around the casino, which can be inconvenient and risky. With a stack of chips, you can easily move from table to table, making bets as you go, without worrying about counting out cash each time.

Faster Gameplay

When you use cash, dealers have to take the time to count out your bets and make change, which can slow down the game. When you use chips, everything is much faster and more streamlined. You can make your bets quickly and easily, and dealers can keep the game moving at a steady pace.

Limits Your Spending

Using casino chips also limits your spending, which can be good for those prone to overspending. When you have a set amount of chips, you can only bet what you have in front of you. This can help you manage your money and avoid the temptation to overspend. It also makes it easier to set a budget for your gambling and stick to it.

Immersive gaming experience

The sound and feel of casino chips can also add to the overall immersive gaming experience. The chips’ weight, texture, and design can create a sensory experience that enhances the excitement and thrill of gambling.

Collectible Items

Finally, casino chips can be collectible items for some people. Many casinos produce unique chips with different designs and colors, and some collectors enjoy collecting them as a hobby. Some rare chips can be worth a lot of money, which adds another layer of excitement to the casino experience.

Are there any downsides to using Chips?

While chips have demonstrated immense benefits for players and casinos, one is left to wonder, are there any drawbacks to using them? Well, the simple answer is yes.

• Conversion fees. You may be charged a conversion fee if you want to convert your casino chips back into cash. This can eat into your winnings and reduce the overall value of your gambling experience.
• Limited denominations. Casinos typically issue chips in specific denominations, which can limit the flexibility of your betting options. If you want to place a bet that is not a multiple of the available denominations, you may need to use multiple chips, which can be confusing or cumbersome.
• Difficult tracking winnings and losses. When using casino chips, it can be difficult to keep track of how much money you have won or lost. This can make it harder to make informed decisions about when to stop playing.

The Future of Casino Currency

Today, most casinos around the world use chips as their primary form of currency. However, technological advances are beginning to change how we think about casino currency. Below are some innovations you might encounter in regard to this:

Electronic Chips

Some casinos have started using electronic chips embedded with microchips that track each transaction. These chips, also known as digital or virtual casino chips, are a type of currency used in online casinos and sometimes in brick-and-mortar casinos as well. These chips are stored digitally and do not have a physical presence. In other words, they are stored on the player’s account in the casino’s computer system and can be accessed and used for playing games through a computer or mobile device.

Use of Digital Currencies

As more players embrace digital currencies, physical casino chips will likely become less relevant in the future.

Some of the most popular digital currencies offering players a secure and anonymous way to transact include:

• Bitcoin
• Ethereum
• Tether
• Litecoin
• Binance Coin

Biometric Technology

Biometric chips could replace traditional casino chips by allowing players to place bets using their fingerprints or other unique identifiers. This technology could offer enhanced security and convenience, reducing the risk of fraud and theft while speeding up the betting process.

RFID Technology

RFID chips are embedded with radio frequency identification technology, allowing them to be tracked and monitored in real time. This technology could offer casinos enhanced security and improve their ability to detect fraud and money laundering.

Customized Chips

As technology continues to evolve, casino chips will likely become more customizable and personalized. Players could be able to customize their chips with their favorite designs or colors, creating a more personalized and engaging gaming experience. Additionally, casinos could use technology to track player behavior and tailor their offerings to individual players’ preferences.

Conclusion

Casino chips, being the most preferred casino currency, are not fluke. They offer countless benefits to both the casinos and their players, and they are actually more convenient to use than cash.

Although cash may psychologically influence players’ willingness to spend more, it bores the game and takes away the nostalgic feeling associated with casinos. With the benefits of using chips, it is unlikely that they will be replaced soon, and real money may have to remain where it belongs – outside of gambling establishments.

That also said, the future of casino chips will likely depend on technological advancements, changes in consumer behavior, and regulatory developments within the gambling industry.

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Leading economists analyze the processes and phenomena of economic life in society, form systemic and scientific financial worldviews, determine the mechanisms and structures of market interaction, and solve other functional tasks. The theorists presented in the review are the founders of the key concepts of modern economics.

Milton Friedman

Milton Friedman was born on 31 July 1912 in Brooklyn, New York, USA. The economist is the author of many books, monographs, scientific-public works on economic and political topics. In 1976 he was awarded the Nobel Prize for research in the field of consumption, monetary theory, history and stabilization policy.

Friedman is known as one of the founders of the second wave of Chicago price theory, and as an active critic of the famous Keynesian theory. The economist insisted on the existence of a natural rate of unemployment, arguing that inflation would accelerate if the rate was exceeded. Milton Friedman predicted the emergence of stagflation and supported the monetarist system with its constant small expansion of the money supply.

The analyst’s concepts of monetary policy, taxation, privatization and deregulation became the basis for a number of government-level programmes. Friedman’s theories served as a platform for the Fed’s actions during the global financial crisis in 2007-2008.

Paul Samuelson

The date and place of birth of Paul Samuelson, a prominent macroeconomist, is 15 May 1915 in Gary, Indiana, USA. The scientist is the recipient of the 1970 Nobel Prize in Economics.

Samuelson initiated the merger of neoclassical microeconomics and Keynesian macroeconomics into a single concept. Today’s economists read his textbooks, in particular Foundations of Economic Analysis and Economics: An Introductory Analysis, which are the most authoritative and popular in the field.

Paul Samuelson argued that dictatorships and wars are largely due to the failure of the global community to solve current economic problems. Adequate fiscal policy by states not only affects budgets and raises living standards, but also promotes peaceful coexistence of people in the world.

Arthur Laffer

Arthur Laffer’s date of birth is 14 August 1940. Like many other famous economists, the figure promoted ideas focused on current market supply.

Laffer was one of the first to draw attention to the pattern of the effect of tax rates on revenue. This phenomenon was later named after him. The effect, shown in the form of a graphical curve, indicates under what conditions a reduction in tax rates can cause an increase in cash receipts.

The Laffer curve demonstrates the stimulating effect of tax cuts, resulting in higher private and public savings, investment, employment, production and earnings. There is, however, an inverse effect in the form of increased income stratification and minimisation of social guarantees.

Herbert Simon

Herbert Simon was born on 15 June 1916 in Milwaukee, USA. The scientist is a recognised authority on the social, political and economic sciences, as well as the developer of the Newell-Simon Hypothesis and winner of the Nobel and Turing Prizes.

Herbert Simon has been involved in the development of artificial intelligence, information processing, decision making, organization theory and complex systems. The analyst was one of the first to calculate the architecture of complexity, proposing inferential accession mechanisms to explain power laws. The theorist is the author of Organisations, Administrative Behaviour and The New Science of Managerial Decisions.

Herbert Simon’s research is based on a desire to replace the simplistic classical approach of economic modeling with the more modern concept of unified decision-making. This will maximize entrepreneurial profits and ensure a positive impact on production volumes and costs.

Harry Markowitz

Harry Markowitz was born on 24 August 1927 in Chicago, USA. He is one of the leading economists, a professor of finance and a recipient of the Neumann and Nobel prizes.

He is internationally renowned for his pioneering research into the theory of investment portfolio efficiency. Many academic economists are guided by his work when investigating investment allocation risks, correlation and diversification of expected returns.

Markowitz practices the application of mathematical calculations in analyzing stock markets. His research and analysis of the impact of risk has been fundamental to a number of asset allocation transactions in a portfolio under uncertainty.

Douglas North

The birth date of American economist Douglas North is 5 November 1920. He is a 1993 Nobel Prize winner for Economic History Research and a recipient of the Commons and Smith Prizes.

The President Emeritus of the European Association for Evolutionary Political Economy has also carried out significant work in the field of modern institutional economics. His research emphasizes the importance of the historical dimension of US and European development as part of the industrial revolution.

Douglas North is the founder of the development of cliometrics, focusing on the existence of two major economic revolutions relating to land rights and the emergence of copyright.

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Launching a new business or scaling your startup can be very tasking, especially if you don’t have the financial backing you need. As an entrepreneur, it is priceless to recognize the best methods to get funds for your business idea or startup. Below are seven proven ways to get money to fund your startup or business idea:

#1. Apply for Grants

Grants are a viable financing option if you want to avoid going the bank loan route. Though they may offer you a different amount smaller than you’re looking for, there are many grants from state and national governments and private institutions. These grants are aimed at growing the economy and strengthening the job market, so there are good options to try when looking to fund your startup.

Grants can be very competitive, but getting one can help you save lots of money on staff training, IT and manufacturing equipment, premises, etc. You can access startup grants in the US via organizations like the National Association for the Self-Employed, Idea Cafe, and Small Business Innovation Research.

#2. Raise Funds Yourself

Another way to get funds for your business idea or startup is on your own. Many entrepreneurs are tough and would do their best to work for the funds they need. Some would keep their 9-5 job, while others would sell their possessions or do side hustles to gather cash and invest in their business. The major advantage of raising your startup cash yourself is that you have absolute control of everything and don’t have to bother about interest, investors. More than 90% of startups take off without loans or grants, so bootstrapping is possible. However, it could take a good amount of your time and focus from your business.

#3. Get Angel Investors

Angel investors are people who finance startups or viable business ideas for, say, 15-25% of your business. The thing with these high-net-worth individuals is that you need to convince them that your business is a worthy investment. Once they consider you a good fit, they’ll do proper legal documentation with your business. You will then agree to the terms and conditions of the legal agreement. The reason for those terms is to protect the investor in case your business idea doesn’t perform well.

#4.  Family and Friends

Many entrepreneurs wouldn’t want to borrow from family and friends, yet it’s not out of place. It’s, in fact, one of the easiest ways to get funds for your startup with a very flexible repayment term and no interest. Depending on their relationship with you, some friends or family may even forfeit loans for you. But it’s worth noting that relying only on your social cycle for funds may not roll in significant amounts, so you must consider whether it’s worth it before taking that option.

#5. Crowdfunding

Through crowdfunding, you can get your business before millions of people and the funds you need from their contributions. It is a fast way of obtaining money for your new business, plus you don’t even have to be a tech guru to initiate a crowdfunding campaign. First, however, you need an irresistible pitch that proves your company’s growth potential and the zest to interact with the potential crowdfunding community. It is a hassle-free method of engaging the public with your company before it debuts. But it will require a convincing presentation to stand out in the crowdfunding space, especially in the initial stages.

#6. Small Business Loans

Although banks usually provide loans for businesses, they are very cautious when it comes to startups or small companies. As a result, the chances of qualification are low, so you can leverage alternative lending companies that can quickly help you get your business going. It’s essential, however, to get all the information you need about the lender or lending company. Also, review the terms and conditions of the loan so that predatory lenders don’t take advantage of you.

#7. Go for Venture Capital

A venture capitalist is a private investor who provides capital for promising businesses in exchange for equity or a percentage of your company. If you find a venture capitalist that believes in your business and shares your vision, you can raise enough funds to sustain your business. As you might imagine, you’d need a well-drafted business model that is easily scalable. That way, it will be easier for a venture capitalist to accept your proposal. Also,, bear in mind that venture capital funds usually have a short span, say 2-5 years, so it’s advisable to have a viable business plan that will materialize gainfully within that period.

Final Thoughts

The financing methods mentioned above are valid for any startup and worth considering by every budding entrepreneur. However, it all depends on the uniqueness of your business. For instance, family friends may work for one startup; crowdfunding may be the answer to another. Ultimately, it’s all about the financing option that best aligns with your business goals and can help you grow efficiently.

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Portugal is a country that has been experiencing an economic boom in recent years, and many people are looking to start businesses there. Whether you are a Portuguese resident or a foreigner looking to start a business in the country, there are several things to keep in mind.

First step

The first step to starting a business in Portugal is to identify a need or a gap in the market. It is important to do your research and analyze the market to ensure that your business idea is viable. Portugal is known for its thriving tourism industry, so businesses in the hospitality and tourism sectors are likely to do well. However, there are also opportunities in other sectors, such as technology, renewable energy, and agriculture.

Once you have identified a business idea, the next step is to register your business with the Portuguese government. The process is relatively straightforward, and can be done online through the Empresa na Hora website. You will need to provide a business name, a description of your business activities, and the personal information of the company’s directors and shareholders. You will also need to choose a legal structure for your business, such as a sole proprietorship, a partnership, or a limited liability company (LLC).

As a foreigner, it is important to note that there are no restrictions on foreign ownership of companies in Portugal. However, non-EU residents will need to obtain a visa in order to live and work in the country. The most common visa for entrepreneurs is the Start-up Visa, which is designed for non-EU residents who want to start a business in Portugal. To qualify for the Start-up Visa, you will need to provide a detailed business plan, show evidence of funding, and demonstrate that your business idea is innovative and has the potential for growth.

In addition to registering your business and obtaining a visa, there are several other steps that you will need to take in order to set up your business in Portugal. These include:

1. Opening a bank account: In order to do business in Portugal, you will need to open a bank account. This will allow you to receive payments from customers and pay your business expenses.
2. Obtaining a fiscal number: A fiscal number (NIF) is a unique identification number that is required for all businesses operating in Portugal. You can obtain a NIF from the local tax office.
3. Obtaining business licenses and permits: Depending on the nature of your business, you may need to obtain additional licenses and permits from local and national authorities.
4. Hiring employees: If you plan to hire employees, you will need to register your business with the Portuguese Social Security system and comply with employment laws and regulations.
5. Finding office space: Depending on the nature of your business, you may need to find an office or commercial space to operate from. You can search for available properties online or through a real estate agent.

Starting a business in Portugal can be a rewarding and profitable venture. The country’s strategic location, thriving economy, and favorable tax regime make it an attractive destination for entrepreneurs. However, it is important to do your research and understand the legal and regulatory requirements before starting your business. With the right preparation and planning, you can turn your business idea into a successful venture in Portugal.

Another important aspect to consider when starting a business in Portugal is the country’s tax system. Portugal has a relatively favorable tax regime, which makes it an attractive destination for businesses. The corporate tax rate in Portugal is 21%, which is lower than many other European countries. Additionally, there are several tax incentives available for businesses, such as tax credits for research and development activities.

In order to benefit from these tax incentives, it is important to work with a qualified tax advisor who can help you navigate the complex tax system in Portugal. A tax advisor can also help you optimize your tax strategy and ensure that you are complying with all of the necessary tax regulations.

Another important factor to consider when starting a business in Portugal is the country’s labor laws. Portugal has a relatively employee-friendly labor regime, which means that businesses need to be careful to comply with all of the necessary regulations. This includes complying with minimum wage laws, providing proper benefits and protections for employees, and complying with regulations around working hours and rest periods.

Conclusion

In addition to complying with labor laws, it is also important to create a positive and productive work environment for your employees. This includes providing opportunities for professional development and growth, fostering a sense of teamwork and collaboration, and creating a positive work-life balance. Finally, it is important to build a strong network of contacts and partners in Portugal. This can include other businesses in your industry, local government officials, and potential customers and suppliers. Building a strong network can help you identify new opportunities, find new customers, and build long-lasting partnerships that can help your business grow and succeed over time.

In conclusion, starting a business in Portugal can be a challenging but rewarding experience. The country’s strategic location, favorable tax regime, and growing economy make it an attractive destination for entrepreneurs. However, it is important to do your research and understand the legal and regulatory requirements before starting your business. With the right preparation and planning, you can turn your business idea into a successful venture in Portugal.

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Casinos are lit, bro! They’ve been a dope biz for ages, drawing millions of players worldwide. From Vegas to Macau, casinos are a big part of the entertainment game. Winning big and the rush of gambling is def a key factor in the success of casinos, but there’s way more to it than that. More about the biz of casinos will tell you an expert in the field of casinos – Antonio Matias, who is the founder of the site – CasinoReal.pt.

Maintaining a good rep is crucial for casinos, yo. Players are more likely to hit up and stick around at casinos that offer legit games, killer customer service, and quick payouts. Word on the street is everything in the casino world, and a negative review can spread like wildfire and wreck a casino’s vibe.

Marketing

Marketing is also a huge deal in the casino biz. Solid marketing strategies help a casino reach a wider audience, get their brand on fleek, and make more bank. A winning casino marketing campaign might include a mix of traditional ads, social media game, and sick promo events.

Tech is a must-have for casinos, too. From lit slot machines to high-tech security systems, tech plays a major role in a casino’s success. Casinos drop mad money on tech to make sure their games are fair, secure, and fun AF for their players. Last but not least, running a successful casino takes skilled homies who can give tight customer service, handle money like a boss, and make sure the games are lit. Finding and keeping good employees is a major challenge for many casinos, and employee turnover can be a major L.

In conclusion, the casino biz is a wild and complex industry that requires a lot of factors to win. Rep, marketing, tech, and dope employees are just a few of the many things that contribute to the success of a casino biz. Despite the challenges, the casino industry remains a lucrative and lit field, with mad potential for cheddar and tons of chances to get innovative and grow.

About casinos

Yo, let’s talk about casinos, man! These joints are straight up businesses that have been bringing in the cash for decades. From the slots to the card games, casinos offer players a chance to have fun and maybe even walk out with some serious dough. But running a successful casino ain’t just about having hot games. A strong rep, marketing, tech, and skilled employees are all major factors in a casino’s success. If a casino has a bad rep, it can be tough to get players in the door. But if they’ve got a sick marketing team and the latest tech, they can draw in a crowd and keep them coming back for more. But if you want to play at an online casino you must first make a minimum deposit, what are the minimum deposits you can see on the website casino minimum deposit.

One thing that sets casinos apart from other businesses is the level of excitement they bring. The rush of adrenaline when you’re about to hit the jackpot, the thrill of betting it all on black, or the excitement of a high-stakes game of poker – these are all things that keep players coming back for more.

Overall, the casino game is lit. It ain’t for the weak, but for those with mad skills and know-how, it can be a major cash cow. So if you wanna get into the casino scene, be ready to hustle and bring your A-game. With the right mix of marketing, tech, and a solid rep, you could be well on your way to dominating the casino game. But with great power comes great responsibility, and casinos have a lot of regs and laws to follow. From dealing with money laundering to keeping games fair and square, casinos need a dope compliance team to make sure they’re on the up and up. Another major factor in the casino game is the impact it has on the local economy. Casinos can bring in major revenue and create jobs, but they can also attract a sketchy crowd and bring down property values. It’s a balancing act, and casinos need to be woke to the impact they have on the surrounding community.

Despite the challenges, the casino game is still going strong. With the rise of online gaming and the popularity of gambling, casinos have plenty of opps to keep growing and evolving. And for those who love the excitement and thrill of the game, there’s nothing quite like the casino experience.

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Most of the time we do not realize that we are making bad decisions. In order to think clearly, we need to understand the irrationality of our own actions. Warren Buffett, one of the richest men on the planet, made this point about investor thinking. But understanding mental errors is useful for anyone who wants to make informed decisions.

Four Mental Mistakes

The Art of Thinking Clearly
In The Art of Thinking Clearly, author Rolf Dobelli often refers to Warren Buffett’s experience. Here are the mistakes the world’s most famous investor avoids.

Trusting bright personalities. Communicative competence – the ability to communicate, to present oneself advantageously – is too highly valued in modern times.
The quiet, stubborn, serious, but creative creator is no longer fit for the role of leader. Shareholders and economic journalists probably believe that a bright, charismatic leader can make sensible decisions. But it would be a fallacy to believe that a showman will provide the best results.

Warren Buffett uses a wonderful concept: “the circle of competence. To have it means this: everything inside the circle of interest you need to know professionally. What is outside of it, you may not understand or know superficially. Buffett’s motto: “Get into your circle of competence and stay in it. It doesn’t really matter how big it is. But it is extremely important to know exactly where its boundaries lie.”

You have to figure out what your talents are. If you try your luck outside your area of expertise, you’re in for a bad career.

Confirmation bias is the general tendency to interpret any new information in such a way that it coincides with our established worldview, theories, and beliefs.
“That’s what people are best at: filtering out new information in such a way that their established views remain intact,” Buffett says. He may have succeeded because he recognized the danger of confirmation bias in time – and has been forcing himself to think differently ever since.

As soon as talk of “exceptional cases” begins, it’s worth listening to and clarifying.
Often behind such words is the usual reluctance to note evidence that refutes expectations. Do as Charles Darwin did. From a young age, he set himself up to fight the urge to get confirmation that he was right. Whenever observations contradicted his theory, he took it particularly seriously. He carried a notebook with him at all times and every time, no later than 30 minutes later, he forced himself to write down the observations that contradicted his theory. He knew his brain well, and in half an hour, it would “forget” anything that did not fit his theory. And the more Darwin honed his idea, the more actively he looked for any facts that could disprove it. This is where the dog is buried!

Ignoring the basics. Certain details grab our attention and take us away from simple statistics.
Warren Buffett once explained why he doesn’t invest in biotech companies: “How many of them have reached a turnover of a few hundred million dollars? That’s never happened… The most likely scenario is that they’re stuck somewhere in the middle.”

You may be fascinated by the ideas, products or ingenuity of an aspiring businessman. Come back from heaven to earth. The probability of a new company surviving and surviving after five years is about 20%. How big is the probability that it will then grow into a global concern? Somewhere around zero.

The associative bias is bad for the quality of our perception and our decisions.
To explain this mental error is easier with the example of advertising, which associates any product with positive emotions. You will never see a Coca-Cola ad in conjunction with unhappy faces or an aging body. People “from Coca-Cola” are always young and beautiful, and they are incredibly fun.

Another example. We dislike those who bring bad news. The messenger is associated with the content of the message they bring. Investors and directors also have this tendency (subconsciously): they try to avoid meeting those who they think might have bad news for them. As a result, only good news gets to them upstairs on their carpeted floors – and they get a distorted picture of what is going on. Warren Buffett understood this very well: he demanded that the heads of his companies not come to him with good news at all, but report only the bad, and without any qualifiers.

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Reading Robert Kiyosaki’s books “Rich Dad, Poor Dad” and “The Cash Flow Quadrant” as well as his lessons on personal finance in video blogs and audio podcasts led me to formulate three financial principles of Robert Kiyosaki, which can be seen in his teachings on cash flow. And also to supplement them with, in my opinion, topical tips for the preservation of personal finances.

Principle #1. Don’t pay taxes.
Robert Kiyosaki is an American entrepreneur, author of books on investing, including the world bestseller “Rich Dad, Poor Dad.

In reality, this principle would be written as follows: “Pay back taxes paid to the state in ways permitted by law.

For most of us wage earners, this is the personal income tax that our employer remits to the state before wages are paid.

There is a “Get Tax Deduction” button in the “Life Situations App” section. You will be presented with five grounds on which you can remotely, without leaving your home, submit an application (declaration and necessary documents) for a tax deduction refund to the specified details of your bank card (if they are acceptable to you).
legislation, you can increase your annual income by 13%.

Principle #2. Do not pay commissions to banks

For most of us – “ordinary” users of banking services – these are commissions for SMS-notifications, card maintenance, transfers to third-party banks.

Lifehack – install your bank’s mobile application
Disable SMS in the “Notifications” settings and enable Push notifications – this service is free, the messages are saved in the customer’s personal cabinet, without using the phone memory.

Don’t sign up for cards with annual or monthly maintenance at banks. Use your “payroll cards” – this rate is always free, or instant issue cards. If you need to open an additional card, you can open a “virtual card” of any payment system in the mobile applications of all banks today.

Make interbank transfers through quick transfer service – it is available in mobile applications of all banks (transfer by phone number).

Using free customer services, we save on commissions for banking operations, and as they say in the field of personal finance, “saved money means earned money”.

Principle #3. Do not invest money in bank deposit
Use alternatives to deposit risk-free financial investments, but with a yield higher than that of a bank deposit.

A bank is a financial intermediary, which, on the one hand, takes money from citizens for a deposit at 3-5% per annum, and itself places them in government bonds at 7-9% per annum.

You will have the opportunity to directly invest your free cash in risk-free financial instruments, such as federal loan bonds, which have a fixed coupon rate, which is an order of magnitude higher than the rates on bank deposits.

As a conclusion. Some questions, such as setting up a personal account of a taxpayer and getting an electronic signature, what is IIA and its advantages, how to form QR codes to make a payment, which traders are better and more profitable to work with, require a separate study. As well as work with modern mobile applications and services, which inherently have an intuitive interface for its use. All this makes it possible to implement the principles of Robert Kiyosaki on the preservation of personal finances and significantly increase your capital.

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In today’s world with the rapid development of new technologies, digital-communications, restructuring of business formats on the online and remote building of work processes, the topic of remote form of work becomes relevant. For many it is an opportunity to expand the boundaries of supply and demand and increase the level of their income.

We propose to consider financial tiphacks based on the principles of online entrepreneurs.

1. Switch to freelancing.
   In simple terms, a “freelancer” – is a “free” worker who independently seeks out different kinds of projects and tasks to earn money, and is not tied to a specific employer, company, time or place. Freelancing is a part-time job for all tastes.

What does freelancing provide? Trying your hand at freelancing allows you to find your key skill so that you can earn and “get high” from what you do. That said, it’s convenient that freelancing can be combined with your main job while you find your own thing to your liking.

Lifehack
There are many sites for freelancers, from which you can scoop orders and establish connections with customers.

2. Reinforce your selling skill.
   After you’ve found your way, a job to your liking, you need to pump yourself up in that direction to increase your level of competition and qualitatively stand out against similar offers.

How to do this? Get training on the topic, find a mentor, join communities of professionals in this field, practice-practice-practice.

3. Switch to remote work
   When you have the opportunity to work for yourself, using your practical experience, knowledge, expertise and passion for a cause that is different from your offline activities, it is worth seriously thinking about changing jobs and going completely online.

Why? New trends of “making money” are formed under the influence of the current economic and epidemiological situation in the country and the world, as well as the new reality of our life: the transition of business to the Internet, where everyone can find their niche, from simple copywriting services to complex specialized programming of CRM-systems.

The determining motive in the transition to a remote location is the profitability of the same work that we do traditionally in the offices of the companies. The fact is that the salary that we are paid by the employer in the company is partially and sometimes to a large extent spent on the “maintenance” of the same work.

Spending money for work
Going to the office means spending money on business clothes you don’t wear outside of work hours, appearance, commuting, lunches, corporate events (e.g. birthday parties, holidays).

Reducing your efficiency.
The office is not the best place to be productive. Colleagues distract from work, the very atmosphere does not allow to concentrate, throws off the rhythm. And with the management may not work out.

Missing opportunities for growth
In the office you have no possibility to organize your own work process, to combine other projects without reducing the efficiency of current tasks. You can work at home in the morning or evening hours, freeing up daytime, for example, to go through additional training.

Remember that freelancing or telecommuting can also be done under the labor code, with all deductions due to tax and insurance funds, sick leave and vacation.

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The world economy is a system in which we are all involved. It seems difficult to understand, but Korean economist Ha-Joon Chang is convinced that 95 percent of economic theory is just common sense, given a complex form with terminology and mathematics.

Anyone can learn the basics of economics, develop critical thinking and the ability to understand what is going on and how to act. Picked books to help make sense of it all .

Ten equations that rule the world
There are formulas that help you estimate the probability of an event occurring. There’s a theorem that helps you stay calm in the midst of panic. In this book are 10 equations that characterize different processes, from investment banking to social media. To see the situation as a whole.

How the economy works
How does the world economy work? There are many theories, from classical to Keynesian. The book covers them all, but there is no one correct approach. It’s more effective to use a set of tools that help you better understand how everything is connected.

An economist walks into a brothel
A paparazzi. A surfer. A producer. None of the characters in this book received a master’s degree in economics. Yet they all brilliantly apply the strategies of financiers to manage risk. The book contains five rules that help you assess risk and make decisions.

Economics .
A history of economic thought in pictures. What is the difference between capitalism, socialism, and communism? How did the economy go global? How has it been affected by wars, climate change, and limited resources? It’s all plain and simple.

50 Inventions that Created the Modern Economy
There are things that have changed our world: the plow, paper, barcodes… Each has touched a complex web of economic connections: sometimes tangling, sometimes breaking old webs, and sometimes creating new patterns. Fifty such inventions are in this book.

The Great Debt Crises.
Ray Dalio, billionaire and one of the world’s 100 most powerful people, has analyzed how economic crises play out. It turns out that there are certain scenarios. By understanding them, we can know what to prepare for – and minimize our losses.

First Money Book.
Financial literacy for kids as young as 3 years old. Will help them understand what money is, where it comes from and why it is needed, what the price is, the bank and the ATM. Inside, there are moving parts: an ATM where you can insert a card, an envelope with money, a cash register and a real piggy bank.

Your First Million
A book on personal finance and investing for schoolchildren. Will help you understand what money is and make good financial decisions. Colorful illustrations and light, ironic language will help you figure it all out.

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