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Inverse Demand Function is not the reciprocal of the demand function—the word “inverse” refers to the mathematical concept of an inverse function. It is a…

Complementary Good actually means a good’s demand is increased when the price of another good is decreased. It is a good with a negative cross…

Decision Analysis utilizes a variety of tools to evaluate all relevant information to aid in the decision making process. The objective of a decision analysis…

This article talks about Analysis Paralysis, which s the state of over-thinking a situation so that a decision or action is never taken, in effect…

Applied Ethics is the actual application of ethical theory for the purpose of choosing an ethical action in a given issue. It is usually divided…

Spot Market is where assets are sold for cash and delivered immediately. It is a public financial market in which financial instruments or commodities are…

This article actually focus on World Economy, which is considered as the international exchange of goods and services that is expressed in monetary units of…

Transition Economy is an economy which is changing from a centrally planned economy to a market economy. It is moving from being a controlled economy…

Token Economy is a system for providing positive reinforcement to a child or children by giving them tokens for completing tasks or behaving in desired…

This article talks about Plantation Economy, which is an economy based on agricultural mass production. It continue to reflect the historic legacy with plantation-type enterprises…

Palace Economy is a system of economic organisation in which wealth flows out from a central source, eventually reaching the common people, who have no…

Property Law actually referred to as movable property, is anything other than land that can be the subject of ownership, including stocks, money, notes, Patents,…