What Is Communism?

Communism is an ideology that seeks to create a classless society in which resources and wealth are distributed according to the needs of every individual. This social and economic system emphasizes the collective ownership of property and the means of production, which aim to achieve a society that is free from class struggle, exploitation, and…

What Are the Average Hours Worked Per Week in the US?

How many hours a week do Americans work? What’s the average amount of hours an employee works in a typical week? How does this change based on factors like age, gender, and race? The Bureau of Labor Statistics tracks how many hours per week the average American works and releases that information as part of…

What Is an Insurance Carrier?

Definitions and Examples of Insurance Carrier Insurance carrier” is just another term for an insurance company. Although you most often speak with your agent, it’s your carrier that underwrites your policy and issues payments for your claims. Alternate names: Insurance company or insurance provider While you may have a great rapport with your insurance agent,…

How to Cancel or Replace Money Orders: Fees and More

The Greek philosopher Heraclitus declared, “Change is the only constant in life.” But what happens if plans alter after purchasing an order for money and then drop it off in the mail? If it is lost or becomes lost? In the case of most money order service providers, like USPS, Western Union, and MoneyGram You can…

Public Sector vs. Private Sector: What’s the Difference?

When talking about the impact of a recession, people often mention the private and public sectors. But what do those terms really mean? They are used to compare different types of organizations in the U.S. economy and how they operate. Businesses that make a profit commonly represent the private sector, while government agencies tend to…