Amartya Sen’s capability theory sees development as expansion of people’s capabilities. It is a people centric multidimensional approach and goes well beyond economic growth.
According to October 11, 2006 news reports, the Federal deficit (the amount by which government spending exceeds tax and other government revenues) has shrunk to its lowest amount in four years. In addition to being good news, it also showed that...
There are four types of demand namely Competitive Demand, Joint or Complementary Demand, Composite Demand and Derived Demand. Demand is the amount of a product buyers are willing and able to purchase at a given price over a particular period of...
What is a price ceiling and what is a price floor? Reasons for implementing them, their effects and examples of each.
Learn about why the decline in the “velocity of money” has been impeding economic growth for decades and why it is so important to increase movement of money to restore stronger economic growth.
this article briefly described the different types of Oligopoly markets.
This case compares the debt policy of MCI Communications with that of five other leading telecommunications companies in order to find MCI's optimal capital structure.
Welcome to the Economic Way of Thinking. My name is Equilibrium and I will be your guide throughout a simplified economic experience. Just relax and we'll get through this together!
The Economic Purposes in Willy Wonka and the chocolate factory are the 7 principles of economics. In this classic film the 7 principles of economics play out many times. A few of the principles that show up in the movie are scarcity...
NorthPoint Group decides if it should invest in Nike, Inc. when Nike Inc. tries a new strategy to revitalize the company by focusing on top-line growth and operating performance.