Naturalism denotes the spontaneous and natural origin of economic institutions while Optimism refers to the belief that economic institutions so created were beneficial in their effects.
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.
The Democrats regained power in the House of Representatives and many state legislatures in 2016. Their resurgence has created a schism between the new Social Democrats and moderates. This relationship and how it reflects on the nation at large is key to the party's future and that of the U.S.
“Long-run” period is a period of many years. Long period is the time during which the supply conditions are fully able to meet the new demand conditions. In the long-run, all factors are variable...
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.
Monopoly means absence of competition. Monopolist is the sole seller of a commodity. Under monopoly, the price of a good is determined by the interaction of supply and demand, but in a different way..
Meaning of demand schedule - Meaning of demand curve - Market demand curve - Movement along the demand curve - Shift in the Demand Curve
Answering whether economics is a Science or an Art is a challenging task because of numerous convincing arguments. Economists are significantly and divergently grouped on the subject whether...
poverty is a great curse. It is the biggest hurdle in the way of economic development. Ranger Nurkse in ''Problems of Capital Formation in Underdeveloped Countries'' describes 'vicious circle of poverty as the basic cause of under-development of...
This is a response to Edexcel A-level Geography Unit 3, June 2010, question 4 (b).