By Daniel Franka | Submitted On June 04, 2007 To understand economic indicators, we must understand the ways in which economic indicators differ. There are three major attributes each economic indicator has: Gross Domestic Product (GDP) (nominal and real) (for the entire nation or per individual) Index of Leading Indicators Gross national happiness (GNH), a new concept relating… Read More »
By Nabeel Kattakath | Submitted On April 18, 2006 Poverty is treated as WMD (weapon of mass destruction) of modern world. Eradication of it bears very importance. The economic systems like capitalism and communism have presented number of instruments for the alleviation of the poverty from the world. But, these extreme ideologies failed to satisfy the need of… Read More »
By David Cassell | September 30, 2010 If you are interested in the way people choose to use certain resources in order to produce various goods as well as services, then the best program to take is an online economics degree. The work of an economist varies depending on the sector he is working on. Generally, they are… Read More »
By Sam Vaknin | February 18, 2005 “It is impossible to describe any human action if one does not refer to the meaning the actor sees in the stimulus as well as in the end his response is aiming at.” –Ludwig von Mises Economics – to the great dismay of economists – is merely a branch of psychology.… Read More »