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Economic Theory

A collection of Articles that aim to dive into economics as a study. You can find basic economic theory to advanced economic theory here.

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…

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…

Game Theory: A Gem Of Microeconomics

 Sunday, April 30th 2017 Article by: Shrey Srivastava Microeconomics has many captivating branches within it, but the newest and most exciting one has to be game…

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…

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…

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,…

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