macroeconomic
planned economics
What Is Plan Economics?
Plan economics is a branch of economics that deals with the application of economic planning to manage the production and distribution of goods and services in an economy. In practice, it is a system of economic planning and coordination that is used in command economies, ......
03/07/2023 
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Jasmine
SNA
The concept of Gross National Income (GNI) is widely used by international organizations and NGOs when measuring the economic performance of a nation. GNI is a measure of the total economic activity within a country and takes into account both the production of goods and services and the income of......
long-term treasury bonds
Long-term government bonds
Long-term government bonds are financial instruments that are issued by governments in order to raise capital. Government bonds are generally considered to be one of the safest investment options, due to little or no risk associated with them.
Government bonds are long......
Consumer Surplus
The modern consumer has all the power. Products come, they go, theyre here today, gone tomorrow. What we buy and where we buy it from is often influenced by trends, fads, impulse and brand loyalty, but, ultimately it is up to the consumer what they wish to purchase.
From luxury to the necessities......
ARCH model
Fuzzy logic became quite popular in the field of artificial intelligence (AI) and the study of human decision-making processes. The term fuzzy logic is derived from the idea of fuzzy sets, which are sets that contain elements with imprecise, or fuzzy, boundaries. Fuzzy logic is based on the idea t......
law of diminishing marginal utility
The law of diminishing marginal utility states that as the amount of a good or service increases, the marginal utility associated with that good or service decreases. This concept is important for economists and businesses to keep in mind in order to make optimal pricing decisions and ensure that r......
Mechanism Design Theory
The Application Of The Theory Of Machine Design
The Theory of Machine Design has become increasingly important in the field of engineering, as it is increasingly applied to overcome both short-term and long-term problems in the design and creation of complex structures. The theory aims to build a......
regulatory captive theory
International Law of Prisoners of War
The International Law of Prisoners of War (or “POW Law” for short) is a body of international law that defines and protects the rights of captured soldiers, sailors, and airmen. This law was initially created in order to provide mechanisms for the humane tr......
diseconomies of scale
The Economical Un-scaleable
Scalability is often seen as a great advantage in the business world, enabling companies to quickly expand their services, production and profits. However, while scalability is typically seen as desirable and a key part of success, there are some businesses whose scale......
Habermas' Theory of Economic Crisis
Introduction
Gérard Debreu is a French economist widely known for his work ongeneral equilibrium theory, which was published in a book titledTheory of Value: An Axiomatic Analysis of Economic Equilibrium. This bookwas published in 1959 and presented an axiomatic approach to economics which he ca......
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