Markup Pricing

What do we mean by Markup pricing?Markup pricing is a strategy of setting the price of the products or offerings of a business enterprise… Read Article

Economic Interactions

What do we Mean by Economic Interactions? The economic agents in an economy conduct economic interactions among each other in the form of the… Read Article

Disinflation vs Deflation

Disinflation and Deflation are the concepts that you would come across in economics. Moreover, you will hear both these terms less often than inflation.… Read Article

Finance vs Accounting vs Economics

What do we understand by Finance, Accounting and Economics? Finance, accounting, and economics are three different, yet interrelated and inter-dependent fields of study. We… Read Article

Why do Economists Make Assumptions?

What are Assumptions and Why do Economists Make Them?Assumptions are statements that we universally accept as a fact, without questioning their validity. And we… Read Article