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Definition : A situation which all available labor resources are being used up in the most efficient way Source: www.economicshelp.org Impa...

Despite UK economic growth is enviable by its major rivals such as France, Germany & US, there is still one area where UK consistently l...

(1) Calling for loans . As credit begins to dry up, US banks started to call in loans lent out to brokerage, securities firms and banks outs...

(1) Few large firms . The oligopoly market structure is characterised by the dominance of few big firms. Few here mean less than 10. It can ...

Barriers to entry Definition : Obstacles that make it difficult or impossible for new firms to enter an industry Barriers to entry is very m...

I know fellow readers may think that I’m crazy to write such posting. In fact I believe that if you ask anyone on the street, no one will ev...

Likely, (1) Lower interest rates . Finally US had decided to slash interest rates by 50 basis points to become 1.5%. The intention is to re...

If the current economic woes continue, (1) Inflation will further fall (9/10). At the meantime there will be no threat of high oil price. O...

Yes, (1) Falling wealth . In most countries, people generally store their wealth in property market & stock market. With market crash, i...

Is there anything to cheer for cheaper oil price? Yes, (1) Less burdening . In Malaysia, demand for car is inelastic (PED (2) Lower price ...

This is another interesting issue to look at regarding the theory of costing. Most textbooks & economics websites do not provide suffici...

Source of diagram: www.revisionguru.co.uk Student’s question : What is the relation between the...

The big man represents large US economy. The cushion beneath there refers to the stimulus package offered earlier such as tax rebates to inc...

Benefits for GM if acquisitions of Chrysler materialise (1) Economies of scale . EOS is defined as fall in the long run average costs curve ...

Click this link: http://www.exchange-rates.org/converter/MYR/GBP/7

What are demand management policies? Policies to influence the movement of aggregate demand (AD) & therefore overall level of economic a...

Several months ago, the exchange rate was about £1 to US $2. In the recent, pound has depreciated & with £1 UK people can only get US$ 1...