Transportation is critical for economic growth. But inefficiencies in transportation systems and traditional modes of transport have macroeconomic and microeconomic […]
Economics
Characteristics of Sustainable Cities: Models and Frameworks
Sustainable cities are futuristic cities proposed to promote sustainability. Note that urbanization has been linked to numerous negative offshoots including […]
The Different Definitions of Sustainability
“Sustainability” originates from the word “sustain” which means “to support” and is also the word “sustainable” which corresponds to something […]
Monopoly: Characteristics, Advantages, Disadvantages
A monopoly is one of the four major types of market structures alongside perfect competition, monopolistic competition, and oligopoly. It […]
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 […]
Characteristics of Perfect Competition
One of the four major types of market structures is perfect competition characterized by a sizeable number of firms or […]
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 […]
Characteristics of Monopolistic Competition
Monopolistic competition is one of the four major types of market structures along side perfect competition, oligopoly, and monopoly. It […]
Types of Market Structures
Market structures represent the economic environment in which firms or businesses operate and compete with one another. A particular industry […]
Characteristics of a Centrally Planned Economy
A centrally planned economy is an economic system and a specific type of a planned economy in which economic decisions […]
