What Does Labor Economics Study?
Labor, or human capital, is a factor of production, and labor markets go through cycles in fashions similar to other economic...
What Is A Welfare State?
In some countries, governments play extensive roles in provisioning social and economic benefits and protections to their residents.
What Is Primitive Communism?
Early Marxists and their followers ever since argued that primitive, hunter-gather civilizations were essentially communist in nature.
The Economy Of Germany
The German economy, based on the concept of social market economics, is the largest national economy in Europe.
Poorest Countries In Europe
Many European nations that were former Soviet Republics have experienced ongoing economic hardships after the Soviet Union's dissolution more than two...
Richest And Poorest States Of Australia
New South Wales is the richest state in Australia, while the Northern Territory is the poorest state in the country.
The Economy Of Puerto Rico
The high income economy of Puerto Rico is the most competitive economy in Latin America according to the World Economic Forum.
What Does Green Economics Mean?
A green economy promotes the sustainable development and use of natural resources to minimize negative environmental outcomes.
What Does Islamic Economics Mean?
An alternative to socialism and capitalism, Islamic economies derive their guidelines from Islamic law.
The Economy Of Vietnam
Vietnam has a developing, planned economy with market economy elements that utilizes five-year plans to achieve economic goals.
The Economy Of Japan
The Japanese economy, the world's second largest developed economy, is also the third-largest in the world in terms of nominal GDP.
The Economy Of Norway
The Norwegian economy is a developed, mixed economy wherein the state control some of the most important economic sectors.
What Is A Market Economy?
The interplay of supply and demand influences the decisions regarding investment, production, and distribution in a market economy.
The Economy Of Bangladesh
According to the IMF, the Bangladeshi economy was the second fastest growing major economy of 2016, expanding at an annual growth rate of 7.1%.
What Is A Command Economy?
Economic activity is controlled by a central authority and the means of production are publicly owned in a command economy.
Important Facts About The Economy Of Canada
Canada is one of the world's wealthiest nations, and has an economy that is dominated by its service industries.
Important Facts About The Economy Of Iran
Iran has a mixed transition economy that is dominated by oil and gas production and has a large public sector.
What Does Classical Economics Mean?
Often referred to as Liberal Economics, this ideology promotes limited government control and action in the marketplace.
What Is A Traditional Economy?
Traditions, customs, and beliefs determine the goods and services the marketplace demands in a traditional economy.