The term economic bubble or often also referred to as a speculative bubble or financial bubble. This is one thing to […]
Tag: Macroeconomics
Adam Smith’s Thoughts in The Wealth of Nations
An Inquiry into the Nature and Causes of the Wealth of Nations , one of Adam Smith’s masterpieces which until […]
What is the concept of inflation?
Inflation is one of the main topics in economic studies. The amount of inflation is very influential on the economic […]
The Concept of Deflation and Its Impact on the Economy
In the previous material, we have studied the definition of inflation, its triggering factors, and economic policies to overcome it. […]
Concepts of Utilitarianism, Liberalism, Libertarianism, and Socialism in Economic Policy Determination
Concepts of Utilitarianism, Liberalism, Libertarianism, and Socialism in Economic Policy Determination. Determination of economic policy is a classic problem that […]
Understanding Economic Growth: Characteristics, Factors and Measurement Methods
The economic growth of a country is closely related to the welfare of its people which also becomes a benchmark […]
Economic Recession: Definition, Causes and Impact
In measuring the development and progress of a country, of course the main reference or indicator is how much economic growth is. […]