Articles: 1,400 · Readers: 740,000 · Views: 2,209,961 This article is about an oligopoly. It describes the characteristics of an oligopoly market and explains why most markets are oligopolistic.
Posts published in “THE ECONOMY”
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 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.
Let’s take a look at the types of competition in three different types of markets: perfectly competitive, oligopolistic and monopolistic.
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.
Here are situations where the market system can fail from provision of demerit goods and merit goods. Government interventions might be necessary.
This article identifies situations where the market system can fail causing market failure: prices too high, when prices too low, fluctuations in price.
This article describes interrelationship between markets. It defines joint demand, competitive demand, derived demand and joint supply.
This article describes the four basic functions and forms of money. It also explains the main measures of the money supply.
Monetary policy is concerned with the money supply to the economy, interest and the amount of credit available to households and firms.
This post describes the difference between income and wealth. It outlines basic problems of unfair and unequal distribution of income.