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 more than in November.
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.
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 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.
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 scarcity, their function, their degree of transformation, the ease of access to them or their relationship with income.