Both capitalism and the free market are interrelated concepts and actual structures that have directed the economic systems of most modern economies around the world. […]
Category Archives: Markets
Advantages and Disadvantages of Inflation
Reports about the current inflation rate are often met with pessimism. However, at a certain level, a general increase in the price of goods and […]
Late Capitalism vs Late-Stage Capitalism: The Difference
Recent discourses about modern economic systems have included the concepts of late capitalism and late-stage capitalism in the fold. These terms often appear in opinions […]
Types of Economic Systems
Economic systems are frameworks for running economies. A particular economic system is provides a structure for production, distribution of goods and services, and allocation of […]
Factors Affecting Demand
Demand is a central concept in economics and the more specific subfield of macroeconomics. It signifies the desire and willingness of the consumer to own […]
Examples of Demand Shifters and their Effects
A demand curve is a graphical representation of the inverse relationship between the demand for a particular product and the movement or change in its […]
Examples of Supply Shifters
A supply curve is a graphical representation of the relationship between the price of a product and the quantity of such product that a producer […]
The Sources of Income of Pop Music Artists
How pop music artists make money? Why do they make so much money? First and foremost, it is important to note that celebrities such as […]
What Would Happen if the U.S. Defaulted on Its Debt?
The government of the United States borrows money to meet its various financial obligations during periods of cash shortage. These include financing its operations, managing […]
Explainer: The Purpose of Central Banks
A central bank is a government institution responsible for managing the currency, monetary base or money supply, and interest rates within a country or state. […]