Economics

The John Nash Game Theory is a specific part of the Game Theory involving the equilibrium proposed by John Nash. The Nash Equilibrium is a solution concept applied in the Game Theory in which two or more players are involved....

The Supply Theory is one of the fundamental theories of economics. It is also a foundation on which many other theories are based. The supply theory generates lots of other models that are equally important to economics. Supply directly influences...

“The General Theory of Employment Interest and Money” is a treatise on economics authored by John Maynard Keynes - the famous English economist. Published in 1936 February, “The General Theory of Employment Interest and Money” basically deals with the development...

The Game Theory and Law deals with the relationship between law and Game Theory, how the Game Theory can be put into practice through law. The application of the Game theory in the sphere of law has provided a new...

According to the Loanable Funds Theory of Interest, the rate of interest is calculated on the basis of demand and supply of loanable funds present in the capital market. The concept formulated by Knut Wicksell, the well-known Swedish economist, is...

The concept of Monopoly deals with a steady market condition where only one good or service provider exists, to rule the industrial sector single-handedly, without undergoing any sectoral competition. The characteristic features of the Theory of Monopoly are: Absence of...

The concept of Monopolistic Competition is concerned with the common form of a market and its competitions. Monopolistic Competition is present in various industrial sectors such as apparels, restaurants, footwear, food and in the service sectors as well. The concept...

Find below various types of markets and theories associated with the markets: Find below various types of markets and theories associated with the markets: Perfect CompetitionMonopolistic CompetitionMonopolyOligopoly

Oligopoly is a form of market where there is domination of a limited number of suppliers and sellers called Oligopolists. In reality, it is the Oligopoly market which exists, having a high degree of market concentration. This indicates that a...

The Theory of Perfect Competition deals with a hypothetical form of the market, where the power of influencing the market prices rests neither with the manufacturers nor the consumers. The standard definition of efficiency in economics believes that the Theory...

Game Theory is a branch of functional mathematics that is applied to study the decision making process in opposing situations. This kind of a situation arises when two individuals having different objectives act on the same system or share a...

Interest is basically the price of asset that is borrowed. It is paid in the case of borrowed money, in the purchase of shares and goods through hire purchase. There are different types of interest and each may be calculated...

Money Supply Theory in macroeconomics refers to the study of the quantity of money available at the hands of people within the economy to buy goods, services and securities. The interest rate is the value of money over time, that...

The process of Globalization originated as early as the 15th century with the evolution of capitalism, and subsequently spread itself to different countries across the world. In fact, the subjugation and exploitation of Third World countries like Latin America, Asia,...

According to Economypedia, "Microeconomics is a division of economics, which studies the ways by which individuals, firms and families take decisions regarding allocation of the limited amount of resources at their disposal. The studies are done in a context of...