Economics

The standard of living is that the measure of what proportion a given geographical location, a rustic to be precise is: wealthy and cozy, and…

Cost of Living refers to the amount of money required to maintain a minimum standard of living, by being able to afford the basic necessities…

The cost of living is a cost that maintains a specific level of living, in a given geo-location. On the other hand, the standard of…

An incentive is a contingent motivator. It is a thing that motivates or encourages someone to do something. Traditional incentives are extrinsic motivators that reward…

Based on economics, the world has been divided into two types of countries, which are developed countries and developing countries. The two categories are based…

Lock Out is the withholding of employment by an employer and the whole or partial closing of the business establishment in order to gain concessions…

Economics is divided into two important sections, they are: macroeconomics & microeconomics Definition of Micro Economics – Microeconomics is the study of particular markets, and…

Deregulation involves removing government legislation and laws in a particular market. It is the process of removing or reducing state regulations, typically in the economic…

The transfer of ownership, property, or business from the government to the private sector is termed privatization. It can mean different things including moving something…

Monetary reform is any movement or theory that proposes a system of supplying money and financing the economy that is different from the current system. It is…

Demutualization is the process by which a customer-owned mutual organization (mutual) or co-operative changes legal form to a joint-stock company. It is a situation in…

Laissez Faire It is the principle of non-intervention by the government in any commercial affairs. It is a French phrase that translates to “leave us…