Author : EconomyWatch

  With the fall of the USSR (Union of Soviet Socialist Republics) in 1991, the great belief in the efficacy of the Communist system of government and production and...

    The rise and advancement of information technology with increased communications across the world has made individual economies merge into the world scene. Individual economies which were previously...

Socialist Economics or Socialist Theories are one of the most controversial theories for the economic development of a nation with the concomitant growth in social welfare. Originally perceived as...

  The United States of America or USA has long been the global superpower in terms of economic prosperity and technological advancement for some decades now. Accounting for only...

The term free market economy primarily means a system where the buyers and sellers are solely responsible for the choices they make. In a way, free market gives the...

In a free market economy, the ‘invisible hand’ of supply-and-demand market forces defines what is produced, in what quantity, and at what price.A market economy is a type of...

Market economy has come to be accepted as a norm across the world with many developing countries like India and China moving towards a full-market oriented economy.Market economy or...

Following the fall of the Berlin Wall on 9th November 1989, and the subsequent integration of the Federal Republic of Germany or FRG (West Germany) with the GDR or...

China, the fourth largest country in area after Russia, Canada and USA has experienced manifold changes in its economic system which has seen it become the second largest economy...

Government data on the economic conditions in a country provides an opportunity to rate the success of fiscal policies. Government statistics comprise macroeconomic indicators as well as the performance...