Essays on topical issues, latest developments in UK and global economies, and answers to readers questions
Benefits of being a multinational companyPosted on May 21, 2019
A multinational company is a global operation with the production and distribution of its goods located in numerous countries. Typically multinationals have different stages of the supply chain located in different countries. This enables the firm to specialise production in countries where it has a comparative advantage. The firm gains many benefits of being global …...More
Advantages and disadvantages of monopoliesPosted on May 20, 2019
What are the advantages and disadvantages of monopolies? Monopolies are firms who dominate the market. Either a pure monopoly with 100% market share or a firm with monopoly power (more than 25%) A monopoly tends to set higher prices than a competitive market leading to lower consumer surplus. However, on the other hand, monopolies can …...More
Does inflation cause unemployment?Posted on May 16, 2019
Readers Question: Does inflation causes unemployment? There are a few different scenarios where inflation can cause unemployment. However, there is not a direct link. Often we will notice a trade-off between inflation and unemployment – e.g. in a period of strong economic growth and falling unemployment; we see a rise in inflation – see Phillips …...More
A selection of e-books available from economicshelp.org. Includes NEW syllabus for AS and A Level Economics.