Basic Economic Concepts

Banks are similar to any other business inasmuch as they can fail or succeed based on the actions of ownership...

Absolute poverty is an economic measurement that determines an individual's financial ability to obtain the basic necessities of life. It...

A 'Blue Chip' represents stock with good reliability and profitability. And their impacts on the stock market are far bigger...

Shares, just like the name, signifies the ownership of a business. A business needs money to start. In order to...

The green gross domestic  product is an index of economic growth that factors in environmental consequences. Green GDP has gained...

The effect that demand has on price is often easy to see. If a lot of buyers are competing for...

Different countries around the world have trade agreements with other countries. The most important and influential of all trading agreements...

Frictional unemployment is also sometimes referred to as search unemployment. It refers to the unemployed period when people are between...

There are many factors that influence the economic sustainability of a country. Before you can even begin to think about...

When government or an organization faces a particular problem, a white paper is written to discuss the issue and propose...

When dealing with different currencies it is important to be able to determine the relative value of each of them....

Modernization theory focuses on how societies modernize. It is based on historical research and aims to describe how a society...

Capitalism and socialism are too very different ways of managing an economy. These two conflicting approaches have been used by...

Free trade is an issue of great importance for those in business and consumers around the world. It refers to...

Most of us probably think that we have a good idea of what the word 'poverty' means. If we really...

The word 'Tariff' is Arabic in origin and it basically means 'that fees need to be paid'. When we use...

Many of us will have heard the words "glass ceiling" used as a metaphor to describe how people are unable...

John Maynard Keynes was a British economist who wrote extensively during the 1920s and 1930s. His work is still considered...

Market efficiency is a term that you may have heard economists use. Some explanations of what this means can sound...

It is usually in high school that we first start to seriously consider economics and how it impacts our life....