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 so that 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.

mail(at)econoimcshelp.org

2,583 thoughts on “Ask an Economic Question”

    • perfect information-all consumers and producers know all prices of products

      Homogeneous products- the products are perfect substitutes of each other that is qualities and characteristics of a market good o service do not vary between different suppliers

      No barriers to entry and exit

      A large number o buyers an sellers

  1. what will happen if a countries GDP is greater than its GNI then the income earned by foreign owners of companies and foreign workers?

  2. Using the theory of demand ,account for the increased demand of phones in Uganda for the last 2 decades

  3. • Proposes to further reduce the budget deficit as a percentage of GDP and control growth in public debt;
    • Maintains overall resource allocation to the economic and education sectors, while protecting allocations to the health and other social sectors;

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