A monopoly is one of the four major types of market structures alongside perfect competition, monopolistic competition, and oligopoly. It […]
Markets
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 […]
Types of Market Structures
Market structures represent the economic environment in which firms or businesses operate and compete with one another. A particular industry […]
Relationship Between Money Supply and Interest Rates
The government monitors and controls the money supply and interest rates as part of its role in overseeing the economy. […]
Current Account Deficit: Causes and Effects
A current account deficit is a situation in which the value of the goods and services a particular country imports […]
Measures and Categories of Money Supply: M1, M2, M3
The money supply represents the total amount of money or all the currency and other liquid instruments circulating in an […]
Twin Deficits 101: Fiscal Deficit vs Current Account Deficit
Macroeconomics tell that twin deficits occur when a particular country has both deficits involving its budget and the value of […]
Summary: Causes of the Economic Crisis in Sri Lanka
The government of Sri Lanka officially declared in April 2021 that the country is experiencing its worst economic crisis since […]
