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

June 5, 2019


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...


  • Economic growth

  • Employment

  • Price stability

  • External stability

  • Income distribution



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...


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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