Economics

One of America’s most common economic problems is trade deficit. Trade deficit is the problem in which a country’s importsRead More →

Coffee is seen to be one of the most demanded tropical agricultural commodities. There are 70 producers of coffee inRead More →

Brief History of Unemployment in America Unemployment is one of the most debated problems in the United States since earlyRead More →

A perfectly competitive market occurs when there are several sellers and producers selling identical products and no single producer canRead More →

Mixed economic system is one which incorporates the elements of both a free market system and centrally planned market system.Read More →

Introduction In the current world environment, there are less economic restrictions across borders and the volume of capital transfer fromRead More →

What is price elasticity of demand? How is price elasticity of demand calculated? How is price elasticity of demand representedRead More →

What is Elasticity of Demand in Economics? In economics, elasticity refers to the sensitivity of one economic variable in responseRead More →

Anticompetitive behavior refers to a set of activities or business practices carried out systematically by a firm or group ofRead More →

1. Profit maximization scenario A monopoly like the large telecommunications company is a business that has no competition in theRead More →