Difference between Gross and Net Amount:- It is very common to hear the terms of gross and net , both when it comes to wages, as when we look at the income statement a company or when we say a macroeconomic data. The gross and net measure the same magnitude , but they are different […]
How has the year 2016 been for the World Economy
How has the year 2016 been for the World Economy? Large economic changes occurred in 2016, such as central bank monetary policies and the rise in raw materials (mainly oil). There have also been major political changes that have affected markets. Just two days after the end of the year we analyze the great economic […]
Challenges of the World Economy in 2017 – Economics Economics Challenges
The year 2016 has been characterized by its economic changes, but what awaits us in this New Year? We analyzed the five major challenges facing the economy worldwide in 2017. Challenges of the World Economy in 2017 Since 2008, one of the characteristics that have defined the evolution of the world economy is the growth […]
Elasticity of Supply Definition and Ways to Calculate it
Elasticity of Supply Definition and Ways to Calculate it:- Given an increase in the price of a product (or service), the suppliers usually react by increasing the quantity offered. Similarly, in the face of a decrease in the price of a product, the producers of the product usually react by decreasing the quantity offered. In case of […]
The Elasticity of Demand | Definition & Formula
The Elasticity of Demand | Definition & Formula:- There are some goods whose demand is very sensitive to the price, small variations in its price because large variations in quantity demanded. They are said to have elastic demand. Goods that, on the other hand, are not sensitive to price are those of inelastic or rigid demand. In these can […]
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