The poor don't form a class called poverty. They must be seen as people and development should focus on people, not economy growth alone.
This hub will teach you some simple techniques used in calculating depreciation for fixed assets. It will include two methods: straight line method and declining balance method.
“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...
This hub is about "The Principle of Maximum Social Advantage"
Inductive method is also known as the historical, empirical or ‘a posteriori’ method of economic analysis. Inductive reasoning is the widely accepted method in economics for deriving conclusions...
Arizona's history is inspired by ancient tribes who used their resources to farm, and make unique crafts. The Hohokam tribe is one of the most interesting tribes that no longer exist.
Human wants do play a significant role in assessing the position and behaviour of men as well as the fate of world which continuously change with improvements in technology and standard of living.
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...
Methods of measuring price elasticity of demand - The percentage elasticity method - Total outlay elasticity method - Point or geometrical elasticity method - Arc elasticity method
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.