Economics/Business
Economics
Economics is the social science that studies how individuals, businesses, governments, and societies allocate scarce resources to satisfy their unlimited wants and needs. It is concerned with the production, distribution, and consumption of goods and services, and the decisions and behaviors of individuals and institutions that shape these processes.
By reading the intensive articles of Englopedia.com you will grasp that it is a broad field that encompasses various branches and subfields, including microeconomics, macroeconomics, international economics, labor economics, behavioral economics, and many others. Microeconomics focuses on the behavior of individuals and firms, while macroeconomics looks at the overall performance of the economy, including issues such as inflation, unemployment, and economic growth. International economics examines the flow of goods, services, and capital across borders, while labor economics focuses on the behavior of workers and employers in the labor market.
Englopedia will make you aware that Economists use a range of tools and techniques, such as mathematical modeling, statistical analysis, and experimental methods, to study and analyze economic phenomena. They aim to understand how markets work, how individuals and institutions make decisions, and how public policies and institutions impact economic outcomes.
Through the leading articles of Englopedia you will realize that Economics has significant implications for individuals, businesses, governments, and societies, as it can inform decisions related to investments, production, taxation, trade, and social welfare policies. It is a crucial field of study for understanding the functioning and dynamics of modern economies and for addressing pressing global issues, such as inequality, climate change, and economic development.
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What is Bankruptcy in economics definition and its Examples
Bankruptcy When talking about bankruptcy in economics , reference is made to a legal situation, through which it is sought that…
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Net income in economics definition its Concepts and Examples
Net income The net income in economics consists of the profits of a company obtained in a specific period of time determining…
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Mckinsey matrix example and Competitive position of a company
Mckinsey matrix With this matrix the variables are studied: attractiveness and strength . The attractiveness consists in the long-term position of…
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Cartel in economics its working Acts carried out and examples
Cartel The definition of cartel in economics is determined as the agreement between companies of the same union with the greatest possible…
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Financial margins definition its causes Calculation and Examples
Financial margins The definition of financial margins is the difference between the financial market price of an object assigned or…
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Discount contract definition its working types and examples
Discount contract The definition of discount contract is a type of credit where the bank anticipates the client that he…
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How did Karl Marx define social class its Characteristics and Types
Social class Social class is formed from people by level or social status . Each class has a set of values, attitudes, beliefs,…
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Tax obligation definition its Types and Examples of tax liability
Tax obligation The definition of tax obligation is a legal duty by means of which the taxes assigned by law…
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Counter check definition its features Parts and examples
Counter Check The expression of a Counter check is used in operations where the customer withdraws cash from a bank, but…
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What is micromarketing Local micromarketing Advantage Disadvantages and Examples
Micromarketing The micromarketing is the use of techniques, resources and applying marketing strategies to capture your target customers with specific details. To…
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