Law of Supply
law of supply, a microeconomic law that there is a direct relationship between supply and the price of a product or service. law of supply…
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economics
Depression – What is depression economics?
What is depression economics? Depression in economics is a stage of the business cycle in which an economy produces the lowest Gross domestic product.
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Mixed Economy
Mixed economy is a type of economic system which shares the elements / properties of both market economy and command economy.
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Market Economy
A market which is totally controlled by invisible hand of market forces i.e. supply and demand, in order to answer basic questions like what to produce, how to produce and for whom to produce, is called market economy.
Read moreDevaluation
Devaluation is the deliberate downward adjustment of the value of a country’s money relative to another currency, group of currencies, or currency standard.
Read moreGross Domestic Product Greece
The value of the goods and services produced in the Greece is the gross domestic product. The percentage that GDP grew (or shrank) from one year to another is really important for the people of Greece to gauge how their economy is going.
Read moreGross Domestic Product US
The value of the goods and services produced in the United States is the gross domestic product. The percentage that Gross Domestic Product..
Read moreGross Domestic Product of China
It means gross domestic product of china is showing an upward trend over the time. Country is rapidly growing with growth rate of 6.1% annual.
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Real Gross Domestic Product (GDP)
Real gross domestic product (Real GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressed in base-year prices, and is often referred to as “constant-price,” “inflation-corrected” GDP or “constant dollar GDP.”
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