Articles: 1,400 · Readers: 740,000 · Views: 2,209,961 Cost Benefit Analysis (CBA) is a method which attempts to evaluate the social costs and benefits of a proposed economic activity.
Posts published in “THE ECONOMY”
This post is about costs and benefits – both private costs and social costs, and private benefits and social benefits. It also defines the term externalities.
What is an economy? What are three basic economic questions? What are main economic systems. This article helps to identify economic systems.
This article describes canons of TAXation and describes characteristics of a ‘good TAX’. It also explains three different TAX systems.
This article is about the equilibrium price determination, situations of market surplus and market shortage and shifts in demand and supply.
This article introduces Direct TAXation and Indirect TAXation. It also explains reasons for TAXation and describes the impact of TAXation on incentives.
This article identifies the main areas of public government expenditure in a country, in this case in the UK. Also, Fiscal policy and government expenditure.
This article defines investment and answers why businesses invest. It also explains Marginal Efficiency of Capital (MEC) and the determinants of planned investment.
This article defines consumption and saving as well as introduces The Average Propensity to Consume (APC) and The Marginal Propensity to Consume (MPC).
The four basic economic systems that exist in the modern economy include Centrally Planned Economy, Market Economy, Mixed Economy and Traditional Economies.
This article is about Price Elasticity of Supply (PES). Price Elasticity of Supply (PES) measures how a change in price affects quantity supplied.
This article is about Promotional Elasticity of Demand (AED). It measures how a change in amount spent on promotion affects quantity demanded.
This article is about the definition of Aggregate Supply (AS), the Aggregate Supply (AS) curve and shifts in the Aggregate Supply (AS) curve.
This article is about the definition of Aggregate Demand (AD), the Aggregate Demand (AD) curve and shifts in the Aggregate Demand (AD) curve.
This article is about Cross Elasticity of Demand (CED). It measures how a change in price of one product affects the quantity demanded for another product.