When the firm produces in large scale it will experience benefits of mass scale production and as a result average cost per unit will reduce up to a certain …
Since it’s specifically difficult to identify the reasons for or factors that contribute to inflation, many theories and concepts have been introduced for …
What is EU crisis? EU crisis is the deflationary and fiscal deficit situation which is currently taking placing at European Zone which is identified as a side …
Inflation can be broadly identified as a continues increase in the general price levels of a give country, over a certain period of time (relatively longer …
The BRIC economies refer to Brazil, Russia,India and China as a combined entity which was form with the intention of recovering the world economy from its …
The current buzz word for developed countries and developing economies is the “Financial crisis”. The whole word speaks about current financial crisis and …
Externalities can be defied as a cost or a benefit that arises from an economic transaction and that falls on people who don’t participate in that …
Any economy in the world tries to achieve certain goals which are called macroeconomic variables/goals. These goals are interrelated and they try maintaining …
What is Unemployment? Unemployment refers to those individuals who are not in employment and who are either in the process of moving to a new job or who are …
What is Inflation? Inflation can be defined as “Too much of money chasing behind few goods”. In other word there is more money in the hand of …