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 […]
Tag Archives: Economics
Human Development Index: Three Indicators
The Human Development Index or HDI is a statistic composite used to measure the overall achievement of a country based on its social and economic […]
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 […]
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 […]
Explaining Banking: How Banks Earn Money?
There are different types of transactions transpiring within the realms of banking operations. Examples include saving and borrowing money, depositing and withdrawing money, buying and […]
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. […]
The Relationship Between Bonds And Stocks
Bonds and stocks are two of the most common types of assets and financial instruments that are issued by entities to raise capital and can […]