All countries benefit from trade. If they did not, they would not trade. It is often said that trade is good because all countries can benefit from it. But why is this? Surely if one country benefits from trade then another must lose out? The answer is that when twoContinue Reading
Government Budgets, Fiscal Policies, and the Impact of Government Borrowing if Equilibrium GDP Falls Below Potential?Continue Reading
The circular flow of goods and services helps us understand the economy and the relationship between households and Suppliers of goods and services and how they come together.Continue Reading
The growth of entrepreneurship is a positive trend that is benefiting society. Entrepreneurship creates jobs and drives economic growth. Continue Reading
The idea of development economics is a mixed bag. See what both sides are arguing for in this article about development economics.Continue Reading
