The Great Depression or the Depression of the 1930s that started in the United States in 1929 and affected most countries of the world emerged […]
Tag Archives: Economics
The Difference Between Socialism and Communism
Both socialism and communism share a similarity with regard to their core principles: the creation and maintenance of a social and economic system based on […]
Causes of the Great Depression: Theories and Explanations
The Great Depression or the Depression of the 1930s was a global economic crisis that began in the United States after the collapse of the […]
Types and Sources of Economies of Scale
Economies of scale are the cost advantages resulting from reduced cost of production per unit due to an increase in the level of output. The […]
The Factors of Production
The factors of production correspond to the tangible and intangible inputs required to produce or manufacture a good or provide a service, as well as […]
Transfer Pricing: Definition and Explanation
Transfer pricing is a principle and practice in taxation and managerial accounting, as well as a form of government regulation, that involves standardizing the prices […]
What is Energy Economics?
The price shocks that affected the oil and gas markets during the 1970s led governments and concerned stakeholders to rethink about the risks associated with […]
What is Social Capital: Definitions
Social capital can mean different thing to different scholars. This lack of consensus can be confusing. Some might consider social capital as just another buzzword […]