Economics

Introduction of Behavioral Economics Behavioral economics provides a framework to understand when and how people make errors. Systematic errors or biases recur predictably in particular…

Introduction of Welfare Economics Welfare economics is defined as a branch of economics that seeks to evaluate economic policies in terms of their effects on…

Theory of Neoclassical Economics Neoclassical economic theory is grounded in the rejection of the Marxian notion of exploitation and the promotion of the idea that…

Marxist Economics The term Marxist economics or Marxist theory comes from the ideas of a philosopher named Karl Marx applied to economics. He created it…

Groundwater depletion is a serious threat to the environment. The majority of our bodies and the Earth is made up of water. We may see…

Groundwater depletion is a serious threat to the environment. The majority of our bodies and the Earth is made up of water. We may see…

Groundwater depletion is a serious threat to the environment. It is a valuable resource both in the United States and throughout the world. The majority of…

Resource depletion has been a predicament for a plethora of months, years, decades, even. Humans are depleting the earth’s resources at an ever-increasing rate. This…

Promising Solutions of the Energy Crisis An energy crisis is any significant bottleneck in the supply of energy resources to an economy. In popular literature,…

Energy crisis An energy crisis is a society-wide economic problem caused by a constricted supply of energy, leading to diminished availability and increased price to…

Scarcity in Economics Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This…

Concept of Economics Economics is the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. It is…