by Michelle Johnson | Oct 15, 2014 | Economics
Do you face difficulties in understanding how wages are determined in a competitive market? Can’t understand how influx of immigrants affects the price, how increase in demand of goods and services affect the market or what other features affect determination of...
by Michelle Johnson | Oct 15, 2014 | Economics
The Labour Market and Wage market is a vast competitive world where there are lots of buyers as well as sellers. In a labour market, Wage can be determined as that share in product of nation or of dividend that a labour receives in the form of reward or remuneration...
by Michelle Johnson | Oct 15, 2014 | Economics
Balance of Payments falls under macroeconomics division of economics. It determines the exchange of foreign currency and demand and supply of currencies. It also gives you a vivid description on rate of exchange and how determination and conversion is carried out in...
by Michelle Johnson | Oct 15, 2014 | Economics
Do you know what oligopoly is? Oligopoly is a market structure where sellers are very less in number. Because there are very few sellers, competition is high and each and every seller is aware of the other one. One has to plan strategically in order to stay in the...
by Michelle Johnson | Oct 15, 2014 | Economics
You must be wondering as to what is Keynesian theory in economics? Well, Keynesian theory explains that there is a multiplier which adds the relationship between change in economic model of one quantity and change in another quantity that is related directly. This...
by Michelle Johnson | Oct 15, 2014 | Economics
Demand and supply, as the words go, are core basics of economics. If you are a student of economics, you will often come across these terms. They are part of macro economics that deals with market demand schedule, market supply schedule, downward sloping demand...
