Capital and Labor in the Economy
Who doesn't want to know how capital and labor work in the economy? Capital and labor in the market economy are among the concepts that arouse interest and they are…
Time and Savings in the Economy
Time and savings in the market economy are among the concepts that arouse our interest and they are among the real world economic principles examined here. Last time we looked…
Relative Prices In The Market Economy
We are going to look at the economic principles that fit into the quadrant bounded on one side by the human spirit and on the other side by order. Last…
Expanded Production Possibilities Frontiers
You are about to venture into new and expanded Production Possibilities Frontiers yet as we go along it will make perfect sense since we will start with the standard production…
INFLATION IS A FORM OF BRIBERY.
Definition: Bribery refers to the offering, giving, soliciting, or receiving of any item of value as a means of influencing the actions of an individual holding a public or legal duty.Hanging in…