The Difference Between Recession and Depression

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 have no universally accepted definitions, these two terms often have different uses, and they correspond to two different economic situations. What is the Difference Between Recession and Depression? The generally accepted difference between recession and […]

Macroeconomics and Microeconomics: The Difference

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 economy as a whole, while microeconomics focuses on the behavior of and interactions among firms and individuals. The Difference Between Macroeconomics and Microeconomics Macroeconomics studies the economy as a whole, particularly its structure, performance, […]

AvaTrade Review: Quick Pros and Cons

AvaTrade Review: Quick Pros and Cons

AvaTrade is an online trading company founded in 2006 and headquartered in Dublin, Ireland. It provides four trading instruments and investment products to include retail forex trading, CFD, options, and cryptocurrencies. Furthermore, the company targets over 150 countries, thus making trading available for individual users around the world. A Concise Review of AvaTrade Trading Platform […]

Review: eToro Trading and Investment Portfolio

Review: eToro Trading and Investment Platform

eToro is a fintech company that provides social trading and asset brokerage services. Established in 2007 and headquartered in Cyprus, the United Kingdom, and Israel, it now has more than 10 million clients across the world. The company specifically operates an online trading platform accessible via a native web browser or a mobile app via […]

Pros and Cons of Retail Forex Trading

Pros and Cons of Retail Forex Trading

The foreign exchange market or forex is a decentralized global market involved with the trading of currencies. Within the market is a small segment composed of individuals who speculate on the exchange rate between different currencies through brokerage companies. This segment is called retail forex trading. What Are The Advantages and Disadvantages of Retail Foreign […]

Corporate Social Responsibility Theory of Milton Friedman

Corporate Social Responsibility Theory of Milton Friedman

In his 1970 article that appeared on the New York Times, American economist Milton Friedman discussed the social responsibility of business organizations. His argument was straightforward: the social responsibility of a business is to increase its profits. Note that he first presented this argument in hi book “Capitalism and Freedom” published in 1962. The Stakeholder […]

The Purpose of Monetary Policy

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 note that depending on the country, a monetary authority can either be a central bank, a currency board, or another government-appointed regulatory body. The primary purpose of a monetary policy is to expand or contract […]