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Diamond-Water paradox
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Have you ever thought why you pay a higher price for what that only looks shiny and sparkles than what…
Investment in gold- why is it a bad idea?
Investment is considered to be an asset which creates value and generates income overtime. Investment happens to be a convenient…
Ban Trade Unions: Will it be beneficial?
Trade unions, a group of workers, are more like a weapon for the disrupted workers to fight against the injustice…
Impact of immigration on the economy
It is a very common practice that people leave their own countries and move to some other country in search…
Ceiling on Working Hours
No doubt, the crime has been risen significantly all around the globe over the past many years. But unemployment and…
Tax treatment of transfer prices
In some businesses, production takes place at different levels and the manufacturing process goes through those different levels categorized as…
The command economy
A command economy is characterized by what how it is regulated. The state is here to regulate the economy. It…
Market Failure
To be in an equilibrium position, demand and supply for a particular good need to be equal or diagrammatically, the…
Economies of scope
This is usually taught that once we use a thing, before throwing we should think, how could it be recycled…
Specialization of trade
Every country participates in the international trade to gain something and to make benefit from it. Exchange of goods takes…