Essays on topical issues, latest developments in UK and global economies, and answers to readers questions
Mobility of labourPosted on December 3, 2016
Mobility of labour refers to how easily workers can move to different jobs within the economy. The two main factor of labour mobility are: Geographical mobility – how easy is for a worker to move between different regions and countries to seek new work. Occupational mobility – how easy is it for a worker to …...More
ShrinkflationPosted on December 2, 2016
Shrinkflation occurs when firms reduce the size or quantity of a good and keep prices the same. Shrinkflation is an alternative to increasing prices, and you could argue it is a disguised form of inflation because if you wanted to buy exactly the same quantity of the good, you would have to spend relatively more. …...More
Positive feedback loopPosted on December 1, 2016
A positive feedback loop is a situation where two events are mutually reinforcing. With this situation a small change in one input can cause a bigger final increase in both the initial input and the secondary effect. Suppose, there is a rise in demand for buying a commodity. This rise in demand leads to rising …...More
A selection of e-books available from economicshelp.org. Includes NEW syllabus for AS and A Level Economics.