Relative Purchasing Power Parity – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is Relative Purchasing Power Parity?Relative Purchasing Power Parity (RPPP) refers to the expansion of the purchasing power parity (PPP) theory to involve inflation changes as time goes by. The amount of goods and services that one power of money can purchase is...

Consumer Surplus – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is a Consumer Surplus?A consumer surplus occurs when a consumer is willing and able to offer more for a particular product that is readily available at a given cost. This economic measurement of consumer benefits occurs when a consumer is paying less than he or...

Aggregate Supply – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is Aggregate Supply? Aggregate supply, also known as domestic final supply, is the total supply of goods and services available for sale in a country’s economy at a specific time.  Firms make decisions about what quantity to supply based on the profits they...

Demand Curve – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is a Demand Curve?The demand curve graphically showcases the relationship between the demand of a specific product or service and its price for a certain time period. In the graph, the price of the good or service is represented on the vertical side, and the...

Consumer Goods – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What are Consumer Goods?Consumer goods refer to products purchased by the average customer or buyer, mainly for consumption. In the chain of production, consumer goods are mostly the end result of production and manufacturing, and they are sometimes referred to as...

ADP National Employment Report – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the ADP National Employment Report?The ADP National Employment Report is a monthly report on the U.S. nonfarm private sector employment, published by the ADP Research Institute in collaboration with Moody’s Analytics. The report is prepared by using...