Consumer surplus and producer surplus
May 4, 2019
Tejvan PettingerNovember 28, 2017 Definition of Consumer Surplus This is the difference between what the consumer pays and what he
Tejvan PettingerNovember 28, 2017 Definition of Consumer Surplus This is the difference between what the consumer pays and what he
Relative poverty reflects the fact that some sections of society have an income far lower (e.g. 50% less) than the
Tejvan Pettinger A list of different types of economic goods. Income elasticity of demand and types of goods Income elasticity
Since 1991, the Indian economy has pursued free market liberalisation, greater openness in trade and increase investment in infrastructure. This
Increasing the rates of economic growth has long been the holy grail of conventional economics and politics. To a large
In summary, to reduce poverty, government policies could include: Means-tested welfare benefits to the poorest in society; for example, unemployment benefit,
Tejvan Pettinger Readers question: What is a ‘dual economy’? A dual economy refers to the existence of two distinct types
Tejvan Pettinger What do we mean by balanced economic growth? Also, is it important for an economy to promote a
Tejvan Pettinger Definition of balanced growth: Balanced growth refers to a specific type of economic growth that is sustainable in
After the first European recession in 2009, the EU is heading back into another recession only three years later. But,
