by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Accelerator Theory?In economics, accelerator theory is a theory that draws attention to the relationship between the increase in investments, income, and demand. It maintains that investments in a company increase when demand increases for the...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Classical Growth Theory?The Classical Growth Theory is an economic theory that maintains that an increase in population growth leads to a decrease in economic growth. According to this theory, economic growth ceases when there is a rise in population, this is...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Free Rider Problem?The free rider problem refers to a case where a few individuals tend to utilize beyond their fair share or pay less than the standard cost of a shared product or service. This situation is treated as market failure that takes place when...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Social Economics?Social economics is a study of the connection or relationship between social behavior and economics. It is an aspect of economics that studies how economic activities affect social behaviors and how the economy is also shaped by social trends...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is a Central Bank?A central bank is a financial entity that oversees the production and supply of money in a nation, it regulates how money is produced and circulated in the economy. The central bank is aos responsible for the monetary system of a country, it...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Scarcity Principle?The scarcity principle is a theory in economics that maintains that scarcity in the supply of a product and high demand for that product cause a discrepancy in the supply and demand equilibrium. Restated, a scarce or rare goods often has...
