Economy
How the Market Economy Benifits You
The market economy is one of the most important aspects of a capitalist society. Through the market economy, businesses can …
The Key To Fixing Economic Inequality
For many years economic inequality has been a massive issue between the poor and the rich for some time now. …
The Solow Model
The Solow model is an economic model developed in 1956 by American economist Robert Solow. The model is used to …
The Role of Monetary Policy in Society
The role of money in society is a complex one. Monetary policy is a vital tool that can be used …
Inelastic Demand: A key to understanding Modern Economics
Inelastic demand is one of the most fundamental concepts in modern economics. It is key to understanding how pricing and …
Types of Unemployment: The Reality of Joblessness in America
Unemployment is a reality in America. The Bureau of Labor Statistics (BLS) states that the unemployment rate was 4.1% in …
The Pros and Cons of Oligopolies
When discussing the pros and cons of oligopolies, it’s important first to have a firm understanding of what this term …
Factors of Production: How to Maximize Your Output
There are three factors of production in any economy: land, labor, and capital. While it’s easy to think of land …
Command Economy: The Benefits and Disadvantages
Command economies are economies where the government controls the allocation of resources. The benefits of a command economy are that …
The Economy Collapsed: The Consequences of Economic Downturn
In 2008, the United States faced the worst economic downturn since the Great Depression. Tens of thousands of businesses failed, …
Supply and Demand: The Key to a Healthy Economy
In a market economy, the laws of supply and demand are the key to keeping things in balance. When there …
The Socioeconomic Effects of Minimum Wage
Raising the minimum wage has been a popular topic of debate in recent years, with many people on both sides …
Economies of Scale in the 21st Century
Achieving economies of scale is increasingly important in the 21st century as businesses face ever-growing competition. By achieving economies of …
How to Achieve Financial Growth in the Economy
There are many ways to achieve financial growth in the economy. Governments and businesses can take steps to encourage investment …
Causes Of Inflation And How It Can Be Fixed
Here we will discuss many causes of Inflation and how it can be fixed. Many people notice Inflation when they …
Is Inflation going to slow down soon?
Introduction There are a variety of factors that could impact inflation in the coming months and years. Some economists believe …
The Current Inflation
The Current Inflation The inflation rate in the United States is currently 2.1 percent. This means that prices for goods …
The Top 15 Economies in the World
The Top 15 Economies in the World The economy is one of the most important factors to consider when looking …
Economics and Globalization
What is Globalization? So, we first have to ask ourselves what globalization is regarding economics. Globalization has to do with …
Inflation This Year and Next
Inflation is Here It’s no secret that prices have risen in recent years. The cost of living has been increasing, …
