How many shoes do Americans buy per year?
In 2017 consumers in the USA spent $74.1 billion buying 2.5 billion pairs of shoes. A decrease in amount spend, though not in volume from 2016. Chinese co...
Category: Updates
Which irrigation system uses water economically?
Drip Irrigation System The water seeps from these holes drop by drop, hence the name drip irrigation. Drip irrigation is one of the most efficient irrigat...
What causes increase in money supply?
The Fed can increase the money supply by lowering the reserve requirements for banks, which allows them to lend more money. Conversely, by raising the ban...
What is meant by economic democracy?
Economic democracy is a system where people share ownership over the resources in their communities and participate equally in deciding how they are used....
How did economy play a role in the early spread of Islam?
Trade and commerce played an important role in the early Islamic world. Large trade networks spanned much of the globe including faraway places like China...
What were the two government systems involved in the Cold War?
The Cold War was an ongoing political rivalry between the United States and the Soviet Union and their respective allies that developed after World War II...
What is triple identity concept?
Three types of flows, income, output and expenditure are always equal to each other for a particular period of time giving rise to what we call triple ide...
What type of goods did the ancient Chinese make?
Besides silk, the Chinese also exported (sold) teas, salt, sugar, porcelain, and spices. Most of what was traded was expensive luxury goods. This was beca...
What was the jumanos economy?
Caddos (Gulf Coast) and Jumanos (Mountains and Basins) grew crops (specifically corn) to provide for their tribe. Excess was traded with neighboring tribe...
How does related goods affect supply?
Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower ...
