According to the Organization for Economic Cooperation and Development or OECD, unemployment is a situation in which individuals who are […]
Economics
Stages of the Business Cycle
Modern economies undergo intervals of economic expansion followed by economic recession as indicated by their gross domestic product or GDP. […]
Types of GDP: Nominal GDP vs Real GDP
One of the macroeconomic indicators used to measure the economic performance of a particular jurisdiction is its gross domestic product […]
Investing In The Stock Market: Pros And Cons
The stock market provides individuals and institutions with one of the ways to build wealth or meet their medium-term to […]
Pros and Cons of Globalization
The advantages and disadvantages of globalization can be analyzed and understood by looking through its three main dimensions: economic, political, […]
Econ 101: The Difference Between Recession and Depression
Recession and depression are two terms used in economics to describe downturns in economic activities. Take note that although both […]
The Economy of Vatican City Explained
How does the economy of Vatican City work? What are the economic activities? How does it earn revenues? What are […]
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 […]
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 […]