Economics

The effects of Globalization are manifold, affecting various aspects of the world economy to bring about overall financial betterment. The effects of Globalization exert intense influence on the financial condition as well as the industrial sector of a particular nation....

Globalization has been accepted as the new economic mantra for the world economic progress. Most of the countries over the world have stepped forward for bringing spectacular success through Globalization.With respect to world finance, Globalization leads to the emergence of...

Economic Globalization encourages progress of free-market ideologies, when both commodities and services are provided and there is an unusual flow of capital. In fact, Economic Globalization aims at consolidating the world economies, enhancing connectivity and mutual dependence among them on...

An Introduction to Game Theory comprises information on the concept of Game Theory, its application and the various forms of games that the theory propounds. It is basically a theory of strategies where the agents indulge themselves in choosing the...

The Kinked Demand Theory or the Kinked Demand Curve Theory is explained with respect to monopolistic competition and oligopoly. In fact, the development of the Kinked Demand Theory acted as a challenge to the Classical economic theories, especially the fast-changing...

Game Theory in Supply has been successfully used for quite some timed now. The game theory has gained a lot of emphasis and has become a necessary tool for analyzing the supply chains with multiple agents whose objectives are different....

The Theory of Labor Supply defines the supply of labour as the number of workers willing to and able to work for a specific wage rate in a given industry. The Theory of Labor Supply defines the supply of labour...

In economics, the Time Preference Theory of Interest is concerned with the relation between increase or decrease in the rate of interest with respect to time periods. According to this theory, the variation in the premium or the interest rate...

According to Economypedia, "macroeconomics is the study of 'big picture' economics that relates to countries, regions or organisations as a whole, rather than individuals or families. It analyzes economic principles as related to unemployment, inflation, industry, and government." Economypedia entry...

Theory of Exchange Rate Determination can be explained using different approaches. In the following section we have dealt with some of them. Theory of Exchange Rate Determination can be explained using different approaches. In the following section we have dealt...

Recession is the overall slowdown in the economic activity of a country/geographic area extending over a sustained period. While some experts define recession as an economic slowdown that lasts for more than three months, others take the timeframe as six...

Economic depression is a severe and prolonged period of downturn. For a downturn to be classified as depression, the generally accepted definition calls for a decline of at least 10% in GDP and for a period of at least three...

Purchasing Power Parity Theory of Exchange Rate is a theory, which establishes the fact that the exchange rates between currencies are in equilibrium in the event of equality in the purchasing power of each of the countries. This precisely means...

Singapore economic indicators help in analyzing Singapore's economy. Strategic economic policies adopted by this nation, has turned it into one of Asia's strong performers. Various statistical details are available that could be used as indicators for Singapore's economy. Singapore Ministry...

About Philippines economic indicators About Philippines economic indicators There are a number of Philippines economic indicators that cover various aspects of this South East Asian country's economy. Major areas covered by economic indicators Philippines are accounts,, national income, information and...