Bitcoin is a decentralized digital currency and the first digital cryptocurrency invented in 2008 by an individual or a group of individuals that goes by […]
Category Archives: Markets
Types and Theories of Unemployment
Unemployment is a situation in which an individual who is actively looking for employment is unable to secure one. The unemployment rate represents the number […]
Linear Economy: Characteristics and Criticism
A linear economy is a concept used to describe traditional economic models and economic systems that follow a straightforward approach to production and consumption. However, […]
Reasons why Health Care in the U.S. is Expensive
One of the primary reasons why there is an ongoing health care crisis in the United States is the high cost of health care that […]
Circular Economy: Principles, Benefits, and Challenges
A circular economy is a proposed economic system and a specific model of production and consumption, that aims to reduce or eliminate waste output through […]
Principles of Natural Capitalism: Definitions, Assumptions, and Applications
Physicist Amory Lovins, environmentalist L. Hunter Lovins, environmentalist and entrepreneur Paul Hawken wrote the 1999 book on environmental economics “Natural Capitalism: Creating the Next Industrial […]
Keynesian Economics: Defintion and Principles
Keynesian economics is a school of thought in economics comprising several macroeconomic theories based on the work of British economist John Maynard Keynes, specifically in […]
Types and Causes of Market Failure
A market failure is an economic situation occurring from an inefficiency in the distribution of goods and services in freely functioning or unhindered markets, thus […]
Types of Economic Systems
An economic system is a structure of production, distribution of goods and services, and allocation of goods and services observed by a country and its […]
Types of Planned Economy
A planned economy is an economic system in which the government or state directly controls and regulates different facets of the economy such as investments […]