What is a Business Conglomerate?
Within the scope of business, a conglomerate of companies is a company that comprises multiple di...
What is the Cardinal Utility?
The cardinal utility it is the exact measurement of the dimensions, in this way the utilities tha...
What is the Trade Deficit?
Every country has trade relations with other nations in the international market. This is done th...
What is the Socialist Economy?
When talking about the economy, it may be that one of the first issues that anyone can think of i...
Consumer Balance: What is it and How is it calculated?
When talking about the consumer balance reference is made to a part of microeconomics that seeks ...
What is and how does the Ponzi scheme work?
The Ponzi scheme It is a type of fraud that many scammers use, in order to pay the interest of so...
Tertiary activities in economics
The activities carried out in a country determine its economic growth and progress, a full countr...
What is a Monopoly? (characteristics, causes and types)
The structure of the markets varies continuously, so that a market that is highly competitive can...
Market Economy (advantages and characteristics)
The market economy is an economic mechanism that denotes the indispensable decisions known as How...
What is a market failure in economics?
A market failure It does not mean that the market does not work, it is rather a situation in whic...