Fiscal Policy How does it influence the economy?
When talking about Fiscal policy, come up a series of instruments and measures used by the govern...
Practical Example of Consumer and Producer Surplus
Consumer surplus is the amount that buyers are willing to pay less than the amount they actually ...
What is Profit for the Economy?
In economics, we can define profit as the economic benefit of a company, although there are also ...
Production Factors
The factors of production are those that are used for the production of goods and services. Capit...
Why should an Engineer Know Economics?
The economy is part of the training of a large number of professionals and engineers, who many ti...
Demand in the Economy. Demand Curve
Economists have a very precise definition of demand. For them, demand is the relationship between...
What is the gross domestic product deflator?
All the countries of the world are concerned with evaluating their economic growth, which is why ...
Differences Between Goods and Services
Almost all products can be separated into goods and services. A good and a service are different ...
What is Capitalism?
The word capitalism It is very commonly used to describe the social system we live in today. It i...
Quantitative variables (definition, characteristics and classification)
Within the economy quantitative variables are analyzes that use statistical and mathematical tech...