… types of markets. Those markets are free market economy and planned market economy. Free market economy is an economic system which resolves the basic economic problem through the market mechanism. Planned market economy is an economic system where…

… Summary Federal Reserve monetary policy has traditionally focused on the domestic economy. Over time, however, a number of significant trends have underscored the potential importance of the international dimensions of contemporary monetary…

… monetary policy, the Federal Reserve can affect the volume of money and credit and their price—interest rates. In this way, it influences employment, output, and the general level of prices. a a a a a a a a a a a a a a a THE FEDERAL RESERVE ACT LAYS…

… was one of the poorest countries in world after experiencing two wars. World War II and Korean war (1950 ~ 1953). The country even experienced a food shortage so that it had to heavily rely on the foreign aid. Yearly per capita consumption was a mere…

… live in a republic governed not just by majority rule but also by law. We use law in our country to limit the power of majority rule. The basic reason that we do this is because society can be flawed. This “flaw” can come from a variety of…

… people have always complained that they have to pay too many taxes. But in reality, the government needs those taxes. I agree with Oliver Wendall Holmes when he said “ Taxes are what we pay for a civilized society”. It takes tax money to…

… empresas buscan maximizar beneficios; nace directamente de la escasez. Solo estas empresas te hacen sobrevivir en un entorno competitivo. El mercado y la tecnología imponen restricciones sobre la maximización de beneficios. A precios…

… what do you do when you have the money is another question. This is a question I have asked myself ever since I got my first part time job. Many people don’t realize that your money can make you more money, through proper investment. Through…

… many economic theories. One area he is widely known for is his views on the spending multiplier. Samuelson has presented a way through his aggregate demand model to demonstrate how the spending multiplier affects individual types of spending.…

… should be able to qualify for admission to the World Trade Organization regardless of its human rights policies. Israel has many main human rights. The Government usually respects the human rights of its citizens. Some of Israeli human rights include…