Three Sector Model: Meaning, Assumptions, and Diagram
Three Sector Model of Circular Flow of Income: Understanding the TermA three-sector model is one of the best ways to explain the flow of… Read Article
Economics
Two Sector Model – Meaning, Assumptions, Diagram and Drawbacks
What is Two Sector Economy?In an economy, there is a flow of goods, services, and money among different sectors. By flow here, we mean… Read Article
Money Multiplier – Meaning, Formula, Importance, and Factors
What is Money Multiplier?Money Multiplier is a concept in economics. It refers to the concept of creating money in an economy in the form… Read Article
Dutch Disease – Definition, Negative Aspect, and Example
What is Dutch Disease?On a typical day, countries would often want ownership and easy access to natural resources as it is the backbone to… Read Article
Laspeyres Vs Paasche Index – Explanation, Importance and Difference
What are Laspeyeres and Paasche Indexes?Laspeyres and Paasche Indexes are the two most popular indexes to calculate the changes in the price level over… Read Article
Paasche Index – Meaning, Benefits, Example, and Calculation
Paasche Index is a composite price index number that is a useful measure of the changes in the price level over time. It considers… Read Article
Laspeyres Index – Meaning, Calculation, Example, Advantages, and Disadvantages
Laspeyres Index is one kind of price index. This Index is a method to calculate the CPI (consumer price index) or change in prices… Read Article
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 interdependent fields of study. We… Read Article