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The Principle of Comparative Statics in Housing Markets: Post-COVID Shifts in Urban Real Estate

The Principle of Comparative Statics examines the effects on a market due to a change in some exogenous (external) factor. COVID had a major impact on the housing market, shifting demand from central city properties to suburban homes (both home ownership and renting)....
4 min read
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Definitions Competitive markets

Price Taker

Published on October 29, 2024

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Definitions Managing the economy

Disinflation Definition

Published on October 29, 2024

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Definitions Behavioural economics

Network Effects: A Detailed Guide

Published on October 28, 2024

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Global economics Definitions

Economic Ripple of Spanish Gold

Published on October 28, 2024

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Definitions Business economics

Real vs. Nominal in Economics

Published on October 25, 2024

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Managing the economy

Economic Development Stasis: Rent Seeking in Bangladesh

Published on October 25, 2024

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Business economics Definitions

Penetration Pricing

Published on October 24, 2024

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Definitions Competitive markets Factors of production

Economic Efficiency

Published on October 23, 2024

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Definitions Managing the economy

Seigniorage Explained

Published on October 22, 2024

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Definitions Competitive markets

Atomistic Competition

Published on October 21, 2024

Newer Posts
Page 11 of 151
Older Posts
Crop yields in agriculture were one of the first areas of study in the field of economics.

Diminishing Marginal Returns in Agricultural Technology: A Case Study of India’s Green Revolution

In the 1960s, India and other developing countries underwent a Green Revolution thanks to new innovations in chemical science and agricultural research. But crop yields cannot continue to grow forever!...
5 min read

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Thanks to rapidly-adjustable websites and apps, airlines can engage in dynamic pricing.
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Despite being created to save us time, modern appliances do not seem to make us any less busy.
The Paradox of Automation: How Labor-Saving Technology Can Create More Jobs
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A classic debate over fair pay for labor involves governments imposing minimum wage laws.
The Minimum Wage Debate: Do Higher Wages Boost Productivity or Destroy Jobs?
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