Most of the unemployment during the great depression was cyclical unemployment. This means cyclical unemployment results from cycles of economic upturn and downturn. It is certain that business production, as well as economic growth, take place in cycles. According to Keynes, cyclical unemployment is caused by too little aggregate demand. It arises when there is a decrease in the … Read more
Market share is a type of market prospect ratio that shows the number of sales in an industry that a company generates compared to the total sales generated in that industry. We will look at the market share formula, examples, and the different types of market shares with their analysis. When a business holds a … Read more
Externalities definition in economics Externalities in economics are the indirect cost or benefit that a producer cause to a third party that is not financially incurred or received by the producer. In other words, the term externalities refers to a cost or benefit that an unrelated third party experiences from economic activity. This can come … Read more
Monopolists can achieve any level of profit they desire because they have unlimited market power. In monopolistic competition, firms can have some market power. The only firms that do not have market power are firms under perfect competition. This is because both buyers and sellers in the market are price takers. A firm lacks market … Read more
Debt financing is a way through which startups or businesses raise funds or capital by borrowing from individuals or organizations. The funds raised by these startups or businesses come as loans; some common examples of debt financing are soft loans, term loans, convertible debts, and guarantees. Every type of debt financing has advantages and disadvantages … Read more
Debt is one of those things that most people can’t avoid, but how do you live debt-free? How do you pay off your student loans or how do you get rid of your credit card debts? First of all, how are you going to take the decision of living debt free. This will be an … Read more
If you want to be debt-free, it’s possible! And if you’re reading this, then that means it’s for sure possible for you too. It may seem like an impossible task at first because living in debt can be like bondage or some sort of addiction, but this is your chance to get out of the … Read more
Public works program definition Public works programs (PWP) are government activities that are created in order to help the poor in exchange for their labor or services. The government can pay cash, give food or vouchers in exchange for services or labor that are often intensive. Public works programs are also known as public employment programmes … Read more
Fiscal policies are measures carried out by the government to stabilize the economy by altering the level of its spending or by altering the types and levels of taxes. These policies can influence the economy by increasing the money available to the citizens or reducing the money available to them to achieve economic stability. Fiscal … Read more
