A shot summary of Malthus Food Crisis: Thomas Malthus (1766-1834) published An essay on the Principle of Population which was…
A production function indicates the highest output Y that a firm can produce for specific combination of input. We have…
Now we have demand side of the market and the supply side. From the word supply we do understand very…
Much of what basic microeconomics discusses is that a demand for a good is independent of somebody elses demand for…
A fall in the price of a Good has two effects: Consumers will buy more of a good that is…
Economic Growth Takes Place when There is Increase in the national Income of a Country Or Increase in Country’s Productive…
In 2008 the United States went through a Financial crisis. Many of these events were said to be the reflections…
Price Index A Price Index is a measure of the average level of prices. So when we see a news…
One important factor of business fluctuations is changes to aggregate Demand. Like I said before, any changes made to consumption,…
Shift Factors of Aggregate Demand We have defined the aggregate demand in our last posts .Let us now discuss the…