germany economy

Germany’s Economic Model

Introduction Imagine a country whose inhabitants work fewer hours than almost any others, whose workforce is not particularly productive and whose children spend less time...
gold prices

The Two Factors That Influence Gold Prices

Here’s two of the most intuitive factors: Supply and demand as well as inflation. It may be an oft-overlooked point, but simple supply-and-demand economics can...
the law of demand

What Does The “Law Of Demand” State?

The law of demand is a microeconomic law that states, all other factors being equal, as the price of a good or service increases,...
Easterlin Paradox

The Easterlin Paradox Explained

  What is the Easterlin Paradox? The Easterlin Paradox tells us whether we are more contented and at an advantage, as our living standards improve. In the...
keynesian

Resurgence Of The Keynesian Economic Theory

Introduction  In the tumultuous global macroeconomic climate, which we find ourselves in today, people are increasingly looking back in time at the ideas of one...
growth trap

The Growth Trap: A Significant Obstacle For Future Economic Sustainability

Las Vegas has seriously bulked up in recent decades, something that is very obvious from space. In honor of the Landsat-5 satellite’s jaw-dropping 25th...
economic stability

What Makes An Economy ‘Stable?’

There are a number of different factors that affect the economic stability of a country, such as the development of technology, human capital, levels...
economic system

What Are The Different Types Of Economic Systems?

There are four main types of economies in today’s world. 1. Traditional Economic System A traditional economic system is the best place to start because it...
consumer surplus

What Is A Consumer Surplus?

  Consumer surplus is basically an economic measure of consumer benefit, which is calculated by analyzing the difference between what consumers are willing and able...
oil market

Top 5 Things To Know About The Oil Market

Actions taken by industrialized nations to lessen global warming by curtailing the use of fossil fuels gained momentum in June 2015.The leaders of...

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