Economics is the art to meet unlimited needs with scarce resources - Laurence J. Peter

June 5, 2019

Introduction:

This report aims to understand, evaluate and analyze how a local fast food business

( Body Shop) acts towards CSR ( Corporate Social Responsibility) and the goals settled by the United Nations.  In 2015, the United Nations set 17 goals for Environmental, S...

March 2, 2019

A fiscal policy is, by definition, the means by which a government adjusts its spending levels and tax

rates to monitor and influence a nation's economy. This is often used by many governments to close deflationary (recessionary) gaps, which are, by definition, a term u...

January 20, 2019

The Austrian Theory of the Business Cycle is a economical theory that basically explain the

worst crisis of our century. The 2008 crisis. I have posted about it in our instagram @athenology, however, I did not go as deep as i wish in that topic since that was a instagr...

Considering the chart above we can see that although there was a recession in 2008 that caused the inflation rate as well as unemployment to fall, the economy of Belgium started to grow sharply shortly after, as we see a spike in the GDP of 2010, from then, the growth...

Macroeconomics

  • Economic growth

  • Employment

  • Price stability

  • External stability

  • Income distribution

GDP

What?

National Income is the sum total of all final goods and services produced in a year and measured in money terms.
National Income is a fl...

Market

It is the place where sellers and buyers come together to carry economic transactions.

Product market They may be physical were money and products are exchanged for money or on-line markets where products are exchanged for credit.

Factors of production There are ot...

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