… civilized life since the creation of agriculture thousands of years before, was the industrial revolution that took place in eighteenth century Europe. The results of this revolution would forever change human labor, consumption, family structure, social…

… World War II, the development of the IS-LM model took several directions. Probably, the most prominent ideas on that theory were expressed in the work of John Hicks called "Mr. Keynes and the Classics". The model expressed in the article was largely…

… část<Tab/>2 2.1 Vymezení základních…

… individual consumers, business firms and the government are all faced with the economic problem. Identify the different economic factors that influence how each group seeks to address this problem. The economic problem occurs because of the fact…

… 1926, to Herman H. and Rose G. Greenspan. His bachelor's, master's, and Ph.D. degrees in economics were all earned at New York University. For three decades, 1954-1974 and 1977-1987, he was chairman and president of an economic consulting firm in New…

… Famous influential economist of the last century? <Tab/>() John Adams<Tab/><Tab/><Tab/>() Cornwall Stowe <Tab/>(X) John Maynard Keynes<Tab/>()…

… growth, it has changed its structure of the state owned enterprises not only the enterprises but also the whole economy, due to this change the unemployment rate has sky rocketed. Although china's economist expect that 2 to 3 million jobs will be created…

… Jeremy Bentham is the creator of Utililtarianism. Utilitarianism is the economic philosophy that the actions of the politicians should be geared toward creating and sustaining the happiness of the largest amount of people. Although Bentham was schooled…

… is nothing complex only very simply supply and demand diagrams with straight lines to indicate supply and demand which you can imagine yourself very easily} <Tab/>Prices are set as a result of the price mechanism. The price for a good…

… is that its decisions affect the prices and quantities of its rivals. The oligopoly problem arises because, where there are only a few suppliers to the market; the demand for the product of one firm depends significantly on the price and output. A…