Economics

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New luxury sports car and well weathered sports cars are prime examples of normal and inferior goods, respectively.

What Are Inferior Goods And Normal Goods?

The amount of income a person or household earns is a key factor in the quantity and quality of goods and services they purchase.

April 25, 2017 12:31

Many smaller denominations of US currency have been demonetized.

List of Obsolete US Currencies

These US Currencies were once in common circulation, but were recalled many years ago.

April 25, 2017 12:31

The satisfaction a customer receives from purchasing a possession they previously lacked can be viewed as utility.

What Does Utility Mean In Economics?

The utility of a good or service refers to the usefulness, allure, preference, and/or satisfaction it gives to consumers.

April 25, 2017 12:31

Smelting iron at a steel mill in the Ukraine.

The Smelting Industry: Global Importance And Risks

Smelting is a metallurgical process used to extract base metals from the ores they are contained within.

April 25, 2017 12:31

A signboard outside the DBS Bank, the largest bank in Southeast Asia.

The Largest Banks of Southeast Asia

With a total asset of $322.8 billion USD, the DBS Bank of Singapore is Southeast Asia's largest bank.

April 25, 2017 12:31

Americans love to shop for domestic and foreign goods alike, as evidenced by the many shopping malls in the U.S.

Global Leaders In Merchandise Imports

The United States, China, and Germany each import more than US $1 Trillion in merchandise imports each year.

April 25, 2017 12:31

Locks lowering a warship as it passes between sections of the Panama Canal with different water levels.

Waterway Locks And Their Role In Shipping

Locks raise or lower watercraft so that they may pass between two water bodies with different water levels.

April 25, 2017 12:31

Day and night, Hong Kong's port never ceases to move goods in and out of the international trade powerhouse.

National Economies Driven By The Merchandise Trade

The sum of merchandise import and export values more than double annual Gross Domestic Product figures in both Hong Kong and Singapore.

April 25, 2017 12:31

Downtown Kingston - Scotia Bank and the Bank of Jamaica

The Economy Of Jamaica

The economy of Jamaica is dependent on natural resources, tourism, agriculture, and a thriving bauxite-alumina industry.

April 25, 2017 12:31

The Economy Of Thailand

Thailand has a heavily export-dependent economy and the industrial and service sectors are the biggest contributors to the economy of Thailand.

April 25, 2017 12:31

US Poverty Level By State

When it comes to the poorest states in the United States, you will see that Louisiana is in first place and Mississippi in second.

April 25, 2017 12:31

A petrochemicals processing facility sprawls out across the Algerian desert landscape.

Largest Increases In Export To Import Ratios Since The Year 2000 By Country

A number of petroleum-rich economies have more than doubled their export-to-import ratios since the year 2000.

April 25, 2017 12:31

Using the energetic efficiency of wood versus natural gas to evaluate the cost-effectiveness of a heating system could be an example of thermoeconomics.

What Is Thermoeconomics?

Some view profitability and productivity in the marketplace as a parallel to the transfer of available energy in physics, and in turn use physics principles to increase economic efficiency.

April 25, 2017 12:31

Paul Krugman an economist who has contributed significantly to the field of economic geography.

What Is Economic Geography?

Economic geography looks at where economic activities occur, and how they vary by location and interact between places.

April 25, 2017 12:31

Leading Banks In Malaysia By Assets

A Malaysian universal bank, Maybank, is the largest bank by market capitalisation and total assets in Malaysia and also one of the largest in Southeast Asia.

April 25, 2017 12:31

Armored vehicles patroling streets of Goma, DRC, for civil protection: Lack of safety and security discourages new businesses in the country.

Countries Registering The Fewest New Businesses Per Capita

Large informal sectors and a lack of entrepreneurial opportunities drive low rates of new business registrations in many countries.

April 25, 2017 12:31

Low rates of corruption, less paperwork, cheaper costs, proper infrastructure encourage new businesses in a country.

Countries Registering The Most New Businesses Per Capita

Currently, Hong Kong registers a higher new business density than any other nation on earth.

April 25, 2017 12:31

London is the third most expensive in terms of rent orices

Average Rent By City

If you are looking to move to another city, one of the first things you will look for is the price of rent. When it comes to high rent New York is in the lead and takes the number one spot.

April 25, 2017 12:31