A considerable level of anti-Russian sentiments in China is possible. This might come as a surprise for some people considering that both countries historically share […]
Tag Archives: Economics
How Tariffs Fuel Price Hikes and Can It Cause Inflation?
Tariffs are one of the most common protectionism policies. Raising import duties on certain goods to make them more expensive can encourage the domestic consumption […]
Theories of Poverty
Poverty is a socioeconomic condition in which an individual or even an entire community lacks enough resources to meet their basic needs. This can mean […]
Supply-Side Economics: Advantages and Disadvantages
According to the macroeconomic theory called supply-side economics, an effective way to grow the economy is by lowering taxes and decreasing government regulation. These two […]
Classical Economics: Principles and Criticisms
Classical economics or classical political economy is one of the major schools of thought in economics. The core ideas first emerged and flourished in Britain […]
Difference Between Capitalism and The Free Market
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. […]
The Factors of Production
The factors of production correspond to the tangible and intangible inputs required to produce or manufacture a good or provide a service, as well as […]
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 […]
Four Types of Alienation According to Karl Marx
In his “Economic and Philosophic Manuscripts of 1844” first released in 1932 by researchers from the Soviet Union, German philosopher and economist Karl Marx presented […]
Advantages and Disadvantages of Globalization
There are different views about the origins and causes of globalization. Nevertheless, regardless of how and why it emerged, it cannot be denied that this […]