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Microeconomics
Coase Theorem Definition - Coase theorem is the idea that under certain conditions, the issuing of property rights can solve negative externalities. For example, when a farmer... …Consumer Goods Definition - A consumer good, also known as a ‘final good’, is what the end product produced by a business that in… …
What are the 4 Types of Economic Goods - An economic good is a product or service that is provided to meet the needs and wants of consumers. When… …
Corporate Social Responsibility (CSR) Definition - Corporate Social Responsibility (CSR) is a type of corporate strategy that looks at how the business can better society as… …
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Macroeconomics
Causes of Inflation - There are two main types of inflation in economics. They are cost-push and demand-pull inflation. Cost-push inflation looks at the supply side of goods. So anything that would affect the price for the good in order for it to reach… …7 Effects of Inflation - Some of the common effects of inflation include; loss in purchasing power, higher asset prices, rising inequality, and impacts on… …
How Does Quantitative Easing Work - Quantitative Easing works in 5 sequential steps: Central Bank Creates Money, Central Bank Purchases Debt, Interest Rates Decline, Businesses/Consumers Borrow… …
Causes and Effects of Deflation - Deflation can be caused from a number of factors. However, it should be noted that these factors alone may not… …