How does war affect a country?
War destroys communities and families and often disrupts the development of the social and economic fabric of nations. The effects of war include long-ter...
Category: Updates
Why do futures markets exist?
Companies may use futures contracts to hedge their exposure to certain types of risk. For example, an oil production company may use futures to manage ris...
What do you mean by economic force?
Economic forces are the factors that help to determine the competitiveness of the environment in which the firm operates. These factors include: Unemploym...
What type of economy did the Federalists support?
Over the decade of the 1790s, the Federalists stood for the following economic policies: funding of the old Revolutionary War debt and the assumption of s...
Are economic laws exact?
Economic Laws are not Exact: Since economic laws deal with actions of human beings having free will, they are not as exact as the laws of the natural scie...
Which of the following sector is rapidly growing in the current Indian economy?
services sector The services sector is a key driver of India’s economic growth. The sector contributed 55.39% to India’s Gross Value Added at current pric...
What does it mean when you have demand for a good or service?
Demand is an economic principle referring to a consumer’s desire to purchase goods and services and willingness to pay a price for a specific good or serv...
How does competition help a free market?
Competition from many different companies and individuals through free enterprise and open markets is the basis of the U.S. economy. When firms compete wi...
What were some economic effects of the plague?
The plague had an important effect on the relationship between the lords who owned much of the land in Europe and the peasants who worked for the lords. A...
Is there tax on foreign currency exchange?
Tax on Currency Exchanges Basic currency is taxed at ordinary income rates no matter how long the company holds it before selling. Currency held for inves...
