by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Environmental Economics?Environmental economics refers to a field of economics that analyzes the financial effect of eco-friendly or environment-based policies. Environmental researchers measure what impact environmental policies have on the economic growth of...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Substitution Effect?The substitution effect is an economic concept based on how a change in the prices of goods or a change in income affects the number of goods demanded by consumers. When there is an increase in the prices of goods or decline in the...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Subjective Theory of Value?The subjective theory of value stems from the belief that the value of an object lies in how much people desire or need the object and not determined by the inherent qualities of the object. Carl Menger and Eugen von Boehm-Bawerk...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Capacity Utilization Rate?The capacity utilization rate is a metric that measures the actual economic output that a firm or an economy realizes in relation to how factors of economic output are put to use. The capacity utilization rate reflects the proportion...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What are Economic Conditions?Economic conditions tell about the current condition of a nations or a locations economy. There are continuous fluctuations in these conditions followed by business and economic cycles, when the economy is in the expansion or contraction...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What are True Cost Economics?This refers to an economic model which aims to add the cost of negative factors into the price of products and services. True cost economists actually propose that products should be taxed according to the harm that they cause the...
