Why is there inequality in capitalism? Renowned philosopher and economist Karl Marx wrote extensively about his condescension toward capitalism. One of his strong arguments against […]
Tag Archives: Economics
Legacy of Karl Marx: Accomplishments and Contributions
The accomplishments of Karl Marx transcend beyond his death on 14 March 1883. His legacy centers on the lasting impacts of his theories and concepts […]
Four Types of Alienation According to Karl Marx
In his “Economic and Philosophic Manuscripts of 1844” first released in 1932 by researchers from the Soviet Union, German philosopher and economist Karl Marx presented […]
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 […]
The Advantages and Disadvantages of Porter’s Five Forces
The Five Forces Framework is an analytical model developed and advocated in 1980 by Harvard professor Michael Porter. It can be used for analyzing the […]
Threat of Substitutes: Impact of Substitute Products
The threat of substitutes is one of the five forces identified by Michael E. Porter and used to evaluate the competitive environment of a particular […]
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 […]
What is Effective Accelerationism: Advantages and Disadvantages
There is a philosophical concept and grassroots movement that is growing among supporters of rapid but functional and beneficial scientific and technological progress. It is […]
Disadvantage of Building More Roads and Widening Existing Ones
Traffic congestion is one of the major developmental problems in urban areas in both developed and developing countries. Some of the cities with the worst […]