Articles: 1,400 · Readers: 740,000 · Views: 2,209,961 This article is about Income Elasticity of Demand (YED). Income Elasticity of Demand (YED) measures how a change in income affects quantity demanded.
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This article is about Price Elasticity of Demand (PED). Price Elasticity of Demand (PED) measures how a change in price affects quantity demanded.
This article includes introduction to economic growth. It explains different ways of measuring economic growth and causes of growth.
This article is about supply. It shows The Supply Curve and helps to understand that a rise in price will lead to a rise in supply.
This article defines a market and demand. It shows The Demand Curve and explains the relationship between price and demand by showing changes in demand.
This article is the debate whether a country such as Poland, Hungary or Sweden should join the common currency or not.
Market failure is when markets fail to achieve the most efficient allocation of scarce resources to meet the market demand.
This article reviews the concept of the Circular Flow of Income (CFOI), National Income Equilibrium, Paradox of Thrift and The Multiplier Effect.
This article highlights the area of macroeconomics. Basic concepts of macroeconomics: economic growth, unemployment, inflation and trade balance.
This article introduces the concept of Production Possibility Frontier (PPF) as well as shows the Production Possibility Frontier (PPF) diagrams.
The government can slow down economic growth by decreasing its own government spending, through higher TAXes and increasing interest rates.
Government intervention may either support business activity to speed up economic growth or restrain it to slow down the economy.
It is not very difficult to calculate exchange rates. Exporters and importers are interested in calculating exchange rates.
The government of any country will most likely formulate two different types of policies - domestic policy and foreign policy.
One of the anticompetitive practices that businesses use is the creation of monopolies. A monopoly is when one company dominates the market.