This article is about protectionism. It explains different methods of protectionism and gives arguments for and against protectionism in a country.
Posts published in “BUSINESS ENVIRONMENT”
This article introduces reasons for international trade and benefits of free trade. It explains the theories of Absolute Advantage and Comparative Advantage.
This article introduces The Phillips Curve which shows the relationship between unemployment and the rate of change in wages.
This article describes in details counter unemployment policies as well as evaluates methods that governments can use to combat unemployment.
This article is about costs and benefits of unemployment. Effects, both negative and positive, of unemployment, and natural rate of unemployment.
This article defines unemployment and talks about how to measure unemployment. It analyzes why different types of unemployment exist.
This article is about an oligopoly. It describes the characteristics of an oligopoly market and explains why most markets are oligopolistic.
This article is about a monopoly. It describes characteristics of a monopoly market and explains how the equilibrium model evolves in monopolistic conditions.
This article is about perfect competition. It describes characteristics of a perfectly competitive market and gives assumptions about perfect competition.
This article describes size of firms. It explains why growth of firms is important and identifies basic methods of business growth - external and internal.
This article introduces the characteristics of production in the long run by explaining and visualizing how firms move to the long run production.
This article explains the difference between production in the short run and production in the long run. And, it describes Law of Diminishing Returns.
This article describes the main objective of businesses – generating revenue and making profit. It describes different types of revenue and profit, also profit maximization.
The government can reduce inflation via monetary policy, fiscal policy or exchange rate policy. These are the major counter inflation policies.
This article defines inflation. It explains how inflation is measured. Also, it describes the pattern of inflation in the UK in recent years.
This article is about short-run diminishing returns. It defines the concepts of short-run and long-run in Economics and explain the differences.