Competition in the market is a natural consequence when two or more businesses operate in a particular segment. Each business implements strategies, such as reducing prices of their products or giving additional products on each purchase to allure more customers, which helps a company expand. While profits gained by a single enterprise are great for …
For centuries maintaining a nation’s or even a community’s financial stability was the aim of economists. Granted, in the past, the economics was greatly different, yet the fundamentals were similar, i.e., to retain the value of the financial sector. Although it stands true for the majority of the cases, there are times when a deliberate …
Competition in the marketplace is as natural of a consequence as squinting our eyes when struck by light. Moreover, competition is essential for the growth of businesses, and it also enhances the quality of products and services for the consumers. However, sometimes a specific market faces saturation. With so many firms in the market, understanding …
Inflation is one of the most common phenomena in economics. Economists are able to predict inflation by seeing the trends; however, there are times when the prices of certain commodities are increased unexpectedly, resulting in cost-push inflation. What is Cost-Push Inflation? It is a form of inflation that occurs when the prices of resources are …
A free market is one of the crucial aspects of capitalism. It provides freedom to both the businesses and the public, in terms of selling their product or services and choosing between different businesses, respectively. It accelerates innovation, strengthens the economy, and more importantly, promotes competition. When companies compete with each other, it results in …
Economics is a series of complex calculations and predictions that must be precise to predict the future of a nation in terms of finances, GDP, and employment rate. Although it is a difficult task, it is not impossible thanks to the indicators. Various indicators such as warning of a natural disaster, building up of tension …
Economic growth is the ultimate goal of each nation to strengthen its currency. Many policies are introduced for the said purpose. While some are proven beneficial, others leave a country in ruins. Inflation is one aspect that is beneficial for a country if wages are increased as well, but otherwise, it can be detrimental to …
Economic ups and downs are faced by each nation. There are various economic phenomena like inflation, deflation, and even complete economic collapse that drastically change how a country functions, and how its population responds. Such is the case with galloping inflation. What is Galloping Inflation? Sometimes also referred to as jumping inflation, galloping inflation occurs …
The economic change is subject to many factors such as shortage of specific goods, strikes by the workforce, or companies being unable to meet the demand. All the factors, depending on their intensity, contribute to significant or marginal economic changes. Additionally, policies created by the authorities are also a governing factor when it comes to …
Rising prices of goods and services is an aspect that is hated by consumers the most. This is because it takes away the purchasing power of the consumer. Since an economy is nothing without the consumers, the economists make predictions in a certain way that excludes essential goods and services. What is Core Inflation? Inflation …