Economic development, economic progress, and economic growth – these are the main processes by which a country earns its income. The economy functions as a....
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The top economics YouTube channels cover a wide variety of topics. Many of them focus on issues such as banking, global trade, and technology. While....
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The Least Developed Countries (LDCs) are the world’s most impoverished countries. These 46 countries, which represent 12 percent of the total world population, exhibit a....
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Galloping inflation is when prices rise at a rapid rate. This is a serious problem that can cause havoc in the economy. When the rate....
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Inflation is the increase in the general price level of goods and services in an economy over a period of time. This general increase in....
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Classical examples of capitalist economies include Japan, the United Kingdom and the United States of America. These economies have a variety of advantages over other....
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Hyperinflation is often caused by governments that have unbalanced economies. These economies create debts that exceed the amount of money that can be serviced. This....
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Inflation, in simple terms, is the rise of the prices of goods and services over time. When a currency’s purchasing power begins to decline, it....
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Basically, cost push inflation is when the demand for a certain product outstrips the supply. However, not all goods rise in price uniformly. Instead, the....
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Whether you are a gamer or not, you have to admit that Monopoly is a fun and entertaining game. The game entails the purchasing of....
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