What do we mean by Dumping?
Dumping is a practice in international trade that takes place with importing and exporting goods. It occurs when… Read Article
Anti Dumping Duty is a protectionist tariff that a country uses to protect the domestic industry from cheaper foreign goods. A country imposes this… Read Article
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
Reverse Causality refers to the direction of the cause-and-effect relationship between the two variables. This relationship, however, is the opposite of the common presumption… Read Article
“Think like an Economist” – Why?
One should sometimes ” Think Like an Economist ” to understand and appreciate the various policies and regulations… Read Article
Meaning of Circular-Flow Diagram Model
A Circular-flow diagram model is an economic visual model of macroeconomics that represents the movement of goods, services, and… Read Article
Positive vs Normative Economics: Meaning
Positive vs Normative Economics are two branches of modern economics. The first one, Positive economics, is built upon facts… Read Article
Ten Principles of Economics
Economics is the study of how to make the best possible use of the available resources, such as capital, labor,… Read Article