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.
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...
this article briefly described the different types of Oligopoly markets.
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 essay is about "Theories of Public Expenditure"
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!
What types of trade are not addressed by traditional economic metrics intended to track trade?
Game theory is a really interesting concept in economics. It is the science of strategy. It uncovers how people take decisions which maximizes their chances of success. Game theory is applicable for a simple game of tic tac toe as well as real-life decisions taken by people in everyday life.
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...
To learn about economics, it's important to first know what economics actually is. In this article, I'll give you a general overview of what economics actually is, and more importantly, what it isn't.