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  • Industrialization plays a vital role in the economic development of underdeveloped countries. The developed countries of the world broke the vicious circle of poverty through industrialization.

    Industrialization and Economic Development

    Industrialization and Economic Development

    by saif113sb48

  • The Trans-Pacific Partnership is already toast; the North American Free Trade Agreement may be next as the Trump Administration is seduced by the false allure of protectionism.

    The Pitfalls of Protectionism

    The Pitfalls of Protectionism

    by Rupert Taylor1

  • The late 19th century was a critical time of change: social, economical, political, and more. This change resulted from the revolutions of the previous centuries. Three such revolutions in particular are the French Revolution, Scientific Revolution, and the Christian Reformation. The culmination of these three revolutions gave birth to new political, social, and economical ideologies of Capitalism, Socialism- governmental and non-governmental, and Communism/Anarchism. Each ideology broke bonds w

    Revolution: Its Impact on Economic Theorists

    Revolution: Its Impact on Economic Theorists

    by enewcomer7

  • What is the best way to stimulate an economy? Is it best to lower taxes or increase wages, both or neither? These are questions which both Democrat and Republican politicians debate in the course of attempting to determine the best path for growing...

    The Differences Between Supply Side and Demand Side Economics

    The Differences Between Supply Side and Demand Side Economics

    by ecoggins14

  • Meaning of price effect, income effect and substitution effect - Separation of income effect and substitution effect of a price change - Slutsky's method - Hicks' method

    The Hicksian Method and The Slutskian Method

    The Hicksian Method and The Slutskian Method

    by Sundaram Ponnusamy17

  • Taxes are as old as sin, as certain as death, and as popular as a skunk at a lawn party, but they do fund social programs we all rely on.

    A History of Creative Taxation

    A History of Creative Taxation

    by Rupert Taylor0

  • What is "the fetishism of commodities"? If, as Marx posits, the social relations within capitalist society exist between commodities and not between workers, then do workers even have socail relations at all? If so, in what context? Marx asks, is a commodity valuable because human labour was expended to produce it or because it is intrinsically valuable?

    Marx: A Summary of “The Fetishism of Commodities”

    Marx: A Summary of “The Fetishism of Commodities”

    by Rebecca Tromsness0

  • There are three types of equilibrium, namely stable, neutral and unstable equilibrium. Prof. Schumpeter explains the three positions with a simple illustration of a ball placed in three different...

    Stable and Unstable Equilibrium

    Stable and Unstable Equilibrium

    by Sundaram Ponnusamy9

  • This case examine the implications of the merger of Pepsi Co. and Quaker Oats Company for the rivalry between Coca-Cola Co. and PepsiCo, and for value creation by each firm.

    Coke Versus Pepsi, 2001: WACC & EVA Analysis

    Coke Versus Pepsi, 2001: WACC & EVA Analysis

    by lee custodio6

  • An indifference curve, since it represents level of satisfaction, is a subjective phenomenon. Each person has a unique set of indifference curves. However, all indifference curves possess some...

    What are the Properties of the Indifference Curves?

    What are the Properties of the Indifference Curves?

    by Sundaram Ponnusamy13

  • We've all heard the terms Supply & Demand before, but how much do you really know about one of the fundamental principals of economics? In this article, we'll cover the basics everyone needs to know.

    Economics For Beginners: Supply And Demand

    Economics For Beginners: Supply And Demand

    by Shawn McIntyre6

  • I originally wrote the base paper for this hub as part of an assignment for my Econ 224 Macroeconomics class over at American InterContinental University Online. I received an A on the paper, although it was a bit of a bear for me to write. There...

    Economic Growth Strategies for Hong Kong & Singapore

    Economic Growth Strategies for Hong Kong & Singapore

    by Cameron Corniuk4

  • The law of returns to scale examines the relationship between output and the scale of inputs in the long-run, when all the inputs are increased in the same proportion.

    Law of Returns to Scale

    Law of Returns to Scale

    by Sundaram Ponnusamy1

  • The term “monetary standard” refers to the monetary system of a country. There are three main types of monetary standards...

    Monetary Standard - Meaning and Types

    Monetary Standard - Meaning and Types

    by Sundaram Ponnusamy1

  • With a negative net worth, Zombie Banks would be required to file for bankruptcy if they were operating under normal business rules.

    Zombie Banks and Bank Bailouts

    Zombie Banks and Bank Bailouts

    by Stephen Bush2

  • Meaning and assumptions of consumer's surplus - Measurement of consumer's surplus: The law of diminishing marginal utility approach and the indifference curve approach.

    Consumer’s Surplus: Meaning and Measurement

    Consumer’s Surplus: Meaning and Measurement

    by Sundaram Ponnusamy0

  • In the process of business expansion, producers may benefit from the emergence of economies of scale. These economies are broadly classified into two types: Internal Economies and External Economies.

    Economies of Scale - Meaning and Types

    Economies of Scale - Meaning and Types

    by Sundaram Ponnusamy4

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