A growing sense of financial unease is gripping American households as new tariff policies threaten to ignite or worsen inflation […]
Economics
Macroeconomics and Microeconomics: The Difference
Economics is divided into two main branches based on scope. These are macroeconomics and microeconomics. For starters, macroeconomics deals with […]
The Purpose of Monetary Policy
A monetary policy is a macroeconomic tool used by governments through their respective monetary authorities to influence economic growth. Take […]
Supply-Side Economics vs Demand-Side Economics
Two competing macroeconomic theories dominate modern economic policies and the field of political economy. These are supply-side economics and demand-side […]
Major Works of Milton Friedman
Milton Friedman was an American economist who won the Nobel Memorial Prize in Economic Sciences in 1976 for his research […]
Types of Market Structures
Market structures represent the economic environment in which firms or businesses operate and compete with one another. A particular industry […]
Monopolistic Competition: Advantages and Disadvantages
Markets considered under a monopolistic competition structure are common in market and mixed market economies. The smartphone market is a […]
Perfect Competition: Advantages and Disadvantages
A market or industry is considered under perfect competition if it has a sizeable number of producers or sellers offering […]
Economic Costs of Inefficient Transportation
Transportation is critical for economic growth. But inefficiencies in transportation systems and traditional modes of transport have macroeconomic and microeconomic […]
Monopoly: Characteristics, Advantages, Disadvantages
A monopoly is one of the four major types of market structures alongside perfect competition, monopolistic competition, and oligopoly. It […]