A market failure is an economic situation occurring from inefficiencies in the distribution of goods and services in freely functioning or unhindered markets, thus resulting […]
Category Archives: Markets
Boycott and Buycott of Russian Goods in China
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 […]
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 […]
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. […]
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 […]