Markets considered under a monopolistic competition structure are common in market and mixed market economies. The smartphone market is a […]
Markets
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 […]
Relationship Between Inflation and Unemployment
Inflation and unemployment historically have an inverse relationship. This means that when the inflation rate is high, the unemployment rate […]
Types of Unemployment
According to the Organization for Economic Cooperation and Development or OECD, unemployment is a situation in which individuals who are […]
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. […]