Theories of Inflation or inflation theories That Prove Its Existence:- Inflation is already here. We commented a few days ago following the publication by the INE of the Consumer Price Index (CPI) for the month of December. This indicator corroborated the increase in prices of the last months and placed inflation at 1.6%, nine tenths […]
Productivity Definition | Formula | Types & Example
Productivity is an economic measure that calculates how many goods and services have been produced by each factor used (worker, capital, time, costs, etc.) in their obtaining in a given period of time. The objective of productivity is to measure the efficiency of production for each factor or resource used, meaning efficiency to obtain the […]
Capital Formation Definition | Components & Importance
Capital Formation Definition & Importance:- The term which is used to describe the net capital is known as capital formation in the business world. The production activity of an economy requires investing, that is, allocating a portion of production as capital dedicated to the production of new goods and services. The National Accounts measure this […]
Economics Resources Definition & Basic terms
The economic resources are the material or immaterial means that allow to satisfy certain needs within the productive process or the commercial activity of a company. Economics Resources Definition We may also said that Economic resources are those means material or immaterial offering to meet certain needs of the production process or the economic activity […]
Goods in Economics | Definition and Types | Business Study Notes
Goods in Economics | Definition and Types:- In economics , the concept of property refers to those physical elements that somehow satisfy human needs. There is a wide typology of goods according to their characteristics, and to speak of them we must sort them by categories. Therefore, we have goods according to their degree of […]
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