A historical look at US National debt from 1790 to 2021 The national debt is basically the amount the government owe to the private sector and other holders of US Treasuries. National debt is the accumulation of government borrowing over many years. The budget deficit is the annual amount the US government need to borrow …
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A-level WJEC revision guide
Since April 2019, London has imposed a charge on diesel cars with high emissions driving into the centre of London. In October the charging area (Ultra Low emission zone ULEZ) will expand to include more of the city. The idea is to place a financial cost on those vehicles which cause air pollution. It provides …
Definition of oligopoly An oligopoly is an industry dominated by a few large firms. For example, an industry with a five-firm concentration ratio of greater than 50% is considered an oligopoly. Examples of oligopolies Car industry – economies of scale have caused mergers so big multinationals dominate the market. The biggest car firms include Toyota, …
There are many costs associated with inflation; the volatility and uncertainty can lead to lower levels of investment and lower economic growth. For individuals, inflation can lead to a fall in the value of their savings and redistribute income in society from savers to lenders and those with assets. At extreme levels, inflation can destabilise …
When I set up my blog, I used Google Feedburner for RSS and daily email. Google has closed down Feedburner and after a long time I have found a suitable alternative to Feedburner – Follow.it It will deliver daily blog posts as email. You can change your settings here Follow.it Economics So you can decide …
Readers Question: Is education a consumption good or investment good? And why I would say education can be both a consumption good and an investment good. Consumption is defined as spending money on a good or service for the acquisition of utility. Investment is defined as spending money on a good or service for the …