Cobweb theory
May 28, 2019
Tejvan Pettinger Cobweb theory is the idea that price fluctuations can lead to fluctuations in supply which cause a cycle
Tejvan Pettinger Cobweb theory is the idea that price fluctuations can lead to fluctuations in supply which cause a cycle
Explanation of why government intervention to try and correct market failure may result in government failure. Summary Market failure is a
Prabhat Patnaik The post-second world war years had seen systematic intervention by the State to stabilize capitalist economies. In fact
Price elasticity of demand (PED) measures the responsiveness of demand after a change in price. Example of PED If price
Interest rates are constantly in the news, and we all know they have an important effect on the economy and
Tejvan Pettinger The US has recently placed tariffs on Chinese imports and is threatening to further increase tariffs in the
Tejvan Pettinger Readers Question: Does inflation causes unemployment? There are a few different scenarios where inflation can cause unemployment. However,
C. P. Chandrasekhar and Jayati Ghosh Just before the Global Financial Crisis more than a decade ago, China had emerged
Tejvan Pettinger Household saving is defined as income that is not consumed. Savings can be kept in cash form, saved
The fundamental economic problem is a scarcity of resources. Definition of efficiency Efficiency is concerned with the optimal production and
