Ask an Economic Question

You are welcome to ask any questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.

I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.

  • Please don’t ask me to do your coursework / assignment e.t.c. (I can usually tell if it is a homework question!)
  • Please don’t ask any maths calculations.
  • The question and answer will be published here where everyone can see it (including your teacher!)
  • I aim to try and simplify economics; as a rough guide I would aim at an understanding similar to a good British A Level student.
  • I am looking to explain economic principles / ideas/ recent developments in economics.
  •  I will answer as a new post, if you leave email address, I’ll usually send quick email. Check home page of blog for new post. With question and answers

Add comment at bottom of post.


2,100 thoughts on “Ask an Economic Question”

  1. In competitive tendering when private firms make bids to win government contracts, would the government accept the highest bid thus generating increased government revenue or would they accept the lowest bid because it is more likely to lead to lower prices for consumers (due to lower costs of winning the contract) thus maximising consumer satisfaction?

  2. Using Harris-Todaro model,
    Developing countries are much dependent on agriculture and rural development program a crucial strategy

    • It is not illegal to have more than 25% market share. But, this is a guide for investigating whether a merger should go ahead.

    • It is because without economic growth we can’t have economic development . Economic development is the combination of economic growth with increase in technology and standard of living. This is based on my understanding

  3. Q=c-dp
    If we are going to solve it in terms of Q only how we can deduce elasticity of demand in point elasticity. Please guide i could’nt understood from solution.


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