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Capitalist Free Market Economy vs. the Non-market Economic Systems

      According to Friedman & Friedman (2002) view a socialist society is not necessarily a democrati... Details

A Structural Econometric Investigation

Definition: Econometric model are statistical models used in economics. An econometric model specifies the statistical i... Details

The Greece Economic Crisis

The world economy experienced a decline in financial and economic activities resulting to a serious economic down turn.... Details

Economic Situation in India

South Korea GDP is estimated to be around $1 trillion which is about 1.6% of the world economy. This compares favorably... Details

Markets and the Economy

The economy of a country comprises of its economic resources such as labor, capital and land and the manufacturing, trad... Details

Poverty in America

Poverty is a state where an individual is incapable of affording basic human needs such as food, clean water, education,... Details

International Relations

International relations consist of ethical, philosophical and historical aspects or reflections. All of these aspects in... Details

Adam Smith and Capitalism

Adam Smith was a classical economist who is still viewed by the modern day economists as the founding father of various... Details

Economic Impact of Public Health Policy and Law

By the year 2007, public health spending accounted for more than 16.3% of the gross domestic product in the US (Kaplan &... Details

Keynesian Economics

In economics, aggregate demand measures the total demand for final products in an economy at a given price level and tim... Details