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.
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- 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.
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Explain the start up rule
What is the system of Check and balances ?
What are some reasons why economics and politics cannot exist independently.
Good morning,
In the beginning I would like to thank you for this wonderful site,
My question about unemployment rate
Some reference consider unemployed as who in working age and can not find a job
Others consider unemployed who can not find a job and willing and active about finding a job
How do you see this difference in consideration?
Regards,
Economics started out as a branch of politics, formerly known as political economy. The main reason for this is that they were linked in the notion that political societies and economies could be referred to in the same sense as ‘families’ as stated in Jean Jacques Rousseau’s book “Political Economy.” An economy is a body of parts which work together to produce output. A political society is a body of parts which work together to make decisions. Just like a family where different people in the household serve different functions to ensure the household is fully working.
Since political societies and economies have the same domain, that is, they both use the same people ie. citizens of the state, these citizens must work together to ensure that both their political system is working as well as their economy. However, sometimes these both are inextricably linked. A political decision by an individual in that society cannot just be isolated to politics, but it will have impacts on the economy, too. For example, let us say that the politician decides to restrict immigration for ideological purposes. However, this has economic impacts, simply restricting the supply of labour for firms in the economy.
Another example is that if Britain engages in a trade deal with China for economic reasons, the USA will get annoyed because China is a political foe and they could put pressure on Britain.
Economics has been turned into a mathematical science from the past 80-odd years. Whilst it is useful to analyse how utility may be maximised by rational individuals using these models, they cannot be isolated from the political world which consists of sociological and psychological complexity which affects utility maximisation.
what is the relevance of the lifecycle theory of consumption
I need more explanation in regard to production possiblity cost?
is there any benefits by government to privatized some of its property or sectors. what are the benefits?
how can a country attain economic development
What are the applicability of Ricardian equivalance theories to less developed countries
please how do you calculate for the total physical product TPP
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can you please help
how do we judge the overall performance of a country using macroeconomics objectives
Please sir, i am a researching on financial intermediation and economic development, which economic theory is relevant in both the dependent and independent variables?
what are the popuation problems a rich developed country may face?
Hi. I have an assignment and do not know how to deal with this question. Can you help me?
Why do countries like the United States, Germany, and Japan all seem to be converging to the same level of per capita GDP?
Could the economy continue growing forever solely by accumulating more capital?
Why don’t all countries converge to the same level of per capita GDP as the United States, Germany, and Japan?
Explain.
Thanks so much
If the social cost of producing a good is higher than the private cost then: *
A.The price of the good or service is too high
B.The good or service is a public good
C.The production of the good or service should be subsidized
D.The price of the good or service is too low
How might federal deficits crowd out private domestic investment? How could this affect future living standards?