Tools of economic analysis or economic tools are used to encourage economic growth and development of its basic segments in a way that is well-matched with the range of sustainability objectives. The tools can be used by the expertise economists as well as socio-economic planners. In essence, there are basic tools for economic analysis that are utilized in the field.
This tool is applied to survey all … Read the rest
Our life is full of mistakes we tend to make anywhere anytime, even dealing with investment. Even though we are free to make use of the ultra-modern techs, there is still no person on the globe, who can do it right no matter what. This is because of an uncertainty that is an integral part of the investing. Besides, investing includes a certain scope of emotions, especially when it comes … Read the rest
Before we delve deeper into the details of supply and demand disequilibrium, it’s necessary to clarify what the market disequilibrium actually is. What we are discussing is the market state that occurs when the supply and demand opposing market forces achieve the balances and there’s an evident tendency for the further change. In other words, market disequilibrium is a direct result of state when the market isn’t well-balanced. To be … Read the rest
When it comes to the recovery of the labor market of the United States of America, 2014 was the strongest year for the country. The economy of the US has been harshly driven by the robust job gains. While the economies of the other countries stumble, the USA economy has smoothly glided through the whole year.
At the beginning of the … Read the rest
The economic growth of China slumped to a 6-year low after retail sales and manufacturing itself cooled at the beginning of the year, stepping up pressure for Beijing to stay on track as the second largest economy of the globe. It’s recorded that the economic growth went down to 7% from the previous quarter. Since the world’s financial crisis in 2009, when the growth reached the 6.1%, that is the … Read the rest
On the one hand, “something new” is always a good idea, but all those worst economic ideas that are being applied all over the globe can make any ship go down sooner or later.
While almost every small government conservative considers Barak Obama a real savior of the public sector jobs, the reality is actually next to opposite. According … Read the rest
At first, let us give a simple explanation to the phenomenon called ‘inflation’. In short, inflation occurs when the economy is growing due to the increased spending. In case it ever happens, the prices are getting higher and the currency is worth less that usually. This leads to the fact that the currency can buy less than it would before. When this or that country faces with the inflation, the … Read the rest
In order to make the economy properly function, the producers are required to supply all goods that are required by the consumers. This is what they call the supply and demand law. When the matter concerns “supply”, it is related to the overall amount of goods that can be produced within the market. At the same time, “demand” is usually related to the amount of goods that the consumers want … Read the rest
In this article we offer 10 easy steps developed for easy writing economics essays. These tips will help you to learn that writing economics essays can be quite simple and even fun!
Opportunity cost provides a broad view of the monetary and nonmonatary factors in making a choice (Hall, 2000). This paper examines the concept of the individual opportunity cost for pursuing a Master of Business Administration (MBA) degree. It suggests that acquiring an MBA part-time while employed, as compared to a full-time student, minimizes the payback period for the cost of education at the expense of the non-monetary demands on time, … Read the rest
