OKUN's law (definition and formula)
For any country, it is very important to know the number of people who are active in employment o...
What is overweight in economics?
Overweight is one of the many terms used in economics, with greater frequency in the stock market...
GDP Per Capita World
The gross domestic product (GDP) is a macroeconomic measure that allows expressing the monetary v...
Autarchy (concept and evolution)
Etymologically, it can be defined autarky like the power to rule oneself. Likewise, it is known a...
Economic Depression (what is the influence on the economy)
In economic jargon, mention is made of different economic situations that a nation is known to go...
Physiocracy (Definition, emergence, characteristics and criticism
As we well know, since ancient times agriculture has constituted the main economic sector of the ...
Black market (What it consists of, problems and fight against the black market)
The black market It is a term that is generally used colloquially, to refer to economic activitie...
Imperfect competition (what it is, characteristics, causes and classification)
The imperfect competition, is a situation that occurs in a given market when demand and supply la...
Marginal Cost (what it is and how is it calculated)
Cost concepts, including marginal cost, are elementary in the theory microeconomic, as they are u...
What is the definition of inputs? (definition, characteristics)
Inputs are defined as things that are usually susceptible to generating services and reducing peo...