Fiat money is a type of currency without intrinsic value. Unlike commodity money or repetitive money, it does not represent a commodity that has intrinsic […]
Author Archives: Mathew Emmanuel Pineda
Explainer: Friedman-Savage Utility Function
American economist Milton Friedman and American mathematician Leonard J. Savage published a paper in 1948 that introduced the theory now called as the Friedman-Savage Utility […]
Contributions of Milton Friedman: Theories and Principles
Milton Friedman was an acclaimed American economist whose contributions range from the introduction of theories and models in economics to principles and concepts in business […]
Three Tools of Monetary Policy
A monetary policy is a macroeconomic tool utilized by the government through its monetary authority to either expand or contract the economy. It is a […]
Difference Between Fiscal Policy and Monetary Policy
Fiscal policy and monetary policy are macroeconomic tools used for managing the economy or to be more specific, to resolve macroeconomic problems such as recession, […]
Minsky: The Financial Instability Hypothesis
Several economists have referenced the financial instability hypothesis developed by American economist Hyman Minsky to describe modern financial phenomena, especially downturns in the financial system […]
European Union and the Eurozone: Difference
The difference between the European Union and the Eurozone is considerably simpler. It centers primarily on what they are, their structure, as well as their […]
The Purpose of the European Union
The European Union or EU emerged as a political and economic union after the Second World War. It was the successor to the European Economic […]
Examples of Value-Added Service
A value-added service or VAS is a type of non-core service or feature provided for free or little cost when a consumer purchases a product […]
Examples and Types of After-Sales Service
An after-sales service corresponds to the activities and processes undertaken by an organization or business to ensure customers are satisfied with their purchased good or […]
