by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is a Captive Market?A captive market is one in which there are suppliers who control the supply of specific goods. This scenario results in high demand for the little supply available. Consumers do not have a choice but to buy the presented supply. This leads to...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Cross Elasticity of Demand?Cross elasticity of demand, also referred to as the cross-price elasticity of demand, refers to an economic concept that measures the responsiveness in the demanded quantity of one good when the price of a completely separate product...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Commodity Credit Corporation?The Commodity Credit Corporation (CCC) is an agency of the government that supports, stabilizes and protects prices and farm income. It creates an even platform for supplying agricultural products. Besides this, it assists in...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is a Cartel?A Cartel is a group of firms or nations who attempt to control the price or supply of a commodity (such as oil) through mutual restraint on production. These associations of companies seek to control a market in a monopolistic manner. They are...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is an Economic Bubble?A bubble as an economic season with a very fast increase in the asset prices with subsequent shrinkage of the economy. Bubble creation occurs when there is inrush in the asset prices unwarranted by the asset’s primary principle and...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Bretton Woods System?Bretton Woods System, developed in 1944 during the UN Monetary and Financial Conference, pins the value of currencies on the price of Gold with the US dollar acting as a reserve currency which compares to the price of gold. What is...
