American president Thomas Jefferson (Democratic-‐Republican party) led Congress to pass the Embargo Act of 1807. Effects on American shipping and markets:...

The output gap is an economic measure of the difference between the actual output of an economy and its potential output. A positive output gap occurs whe...

Ivory Coast leads the world in production and export of the cocoa beans. This country supplies around 33% cocoa of the world. Which continent exports the ...

Economies are fiendishly complex, but forecasters usually predict short-term trajectories with reasonable accuracy. Projections made in early September fo...

The National Sample Survey Office(NSSO) in India is a unique setup to carry out surveys on socio-economic, demographic, agricultural and industrial subjec...

The 1980s were a great time for the automobile industry, the average model new 1980 car cost around 7,000 dollars, and a gallon of gas was about 90. cents...

Economics provides a framework for understanding the actions and decisions of individuals, businesses and governments. It provides a means to understand i...

Behavioral economics (also, behavioural economics) studies the effects of psychological, cognitive, emotional, cultural and social factors on the decision...

Inelastic is an economic term referring to the static quantity of a good or service when its price changes. Inelastic means that when the price goes up, c...

An inflationary gap exists when the demand for goods and services exceeds production due to factors such as higher levels of overall employment, increased...