Characteristics of capital - Functions of capital - Capital as a factor of production - Capital and wealth - Capital and income - Capital and money - Differences between capital and land
The term ‘capital’ is rather broad as it includes both financial and physical assets. Depending upon its uses, capital can be classified in various ways...
Gold standard is a system under which gold is the standard of value. Under the system, the monetary unit of a country is defined in terms of certain weight of gold. Gold standard operated in its...
As the issue of the Fiscal Cliff looms large the debate is on over renewal of the Bush era tax cuts. There are many sound economic reasons for making these tax cuts permanent.
This is number four in the series, that began with "Economic Growth: A Meditation," followed up by "Economic Growth: The Cases of Sweden and Japan," and "Economic Growth: The United States (A).
This hub is a brief note on "Circular Flow of Economic Activity (Four Sector Model)"
Microeconomics is the study of individual economic units of an economy whereas macroeconomics is the study of aggregates of an economy as a whole. For example, when we study of an individual sugar mill manufacturing...
A continuous deficit in balance of payments has to be corrected eventually. There are many methods for correcting the disequilibrium. Some important methods are discussed below...
The term “standard of living” refers in general to the necessaries, comforts and luxuries that go into the consumption of a particular class of people. For example, every man wants better food...
To what extent do the benefits of membership of a Monetary Union such as the Eurozone outweigh the costs.
The UK is a member of the EU but has not adopted the Euro as its currency. To what extent do the benefits of membership of a Monetary Union such as the Eurozone outweigh the costs.
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