Articles: 1,432 · Readers: 748,000 · Views: 2,231,258 Governments use them for various reasons, from protecting domestic industries to generating revenue or even as a political tool.
Posts published in “THE ECONOMY”
Kondratieff Waves show how capitalist economies experience long-term cycles of boom that are followed by a cycle of depression.
Primary goal of a central bank is to maintain a healthy and stable financial system, ensuring smooth economic growth and protecting the currency value.
This article explores methods and indicators used to assess economic development, moving beyond GDP to provide comprehensive understanding.
Invisible hand remains a central concept in free-market economics and is often used to justify policies that promote competition and limit government intervention.
Economic decline refers to a period of significant and sustained decrease in a country's economic activity. It is a complex phenomenon.
Understanding the difference between merit goods and demerit goods is crucial for grasping how markets function and why governments intervene.
Money illusion is the belief that an increase in wages guarantees life is better for the individual. This ideal, of course, has not considered inflation.
The Multiplier Effect theory became a cornerstone of Keynesian economics and has had a significant impact on modern macroeconomic policies.
The Paradox of Thrift is a theory which says saving too much is damaging to the economy because people will consume less and companies will produce and invest less.
Nowadays, there are three main economic systems, or the ways a government can organize its economy: Free Market, Command (Planned) and Mixed.
Every economy, from the global marketplace to your local coffee shop, thrives on a foundation of four key pillars: earning, spending, saving, and investing.
What is the Balance of Payments? Describe the main components of the UK balance of payments. What is the Current Account? What is visible trade and invisible trade?
This article is about protectionism. It explains different methods of protectionism and gives arguments for and against protectionism in a country.
This article introduces The Phillips Curve which shows the relationship between unemployment and the rate of change in wages.