elders

How pensions are funded

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What are pensions In 1889 Germany started guaranteeing its elders payment for their old age. In those days the state paid a monthly stipend to citizens over the age of 65.  Since average lifespan in those days was 40-50 years, there were very few beneficieries and pensions were not a significant outlay for national treasuries. … Read more

CULTURAL & ENVIRONMENTAL INFLUENCES ON CONSUMER

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CULTURAL & ENVIRONMENTAL INFLUENCES ON CONSUMER BEHAVIOUR Introduction Everybody in this world is a consumer. Everyday of our life we are buying and consuming an incredible variety of goods and services. However, we all have different tastes, likes and dislikes and adopt different behaviour patterns while making purchase decisions. Many factors affect how we, as … Read more