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Read more about the article The Great Recession of 2007

The Great Recession of 2007

  • Post author:Lorrie
  • Post category:Business/Economics/Learning

What caused the downfall? The Great Recession of 2007 – 2009 is actually still going on in 2012. I know they say it’s a double-dip recession, but quite frankly, it’s…

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Read more about the article Perfect Competition

Perfect Competition

  • Post author:Lorrie
  • Post category:Business/Economics/Learning

Pure Competition Perfect competition, also known as pure competition has four basic characteristics: Large number of participants Standardized products Price takers not price makers Easy to enter or exit the…

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Read more about the article Market Failure

Market Failure

  • Post author:Lorrie
  • Post category:Business/Economics/Learning

Can markets fail? When markets don’t function properly, we have what “economists refer to as market failure” (McConnell, Brue, & Flynn, 2012, p. 92). Market failure happens on either the supply…

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Read more about the article Free Market Society

Free Market Society

  • Post author:Lorrie
  • Post category:Business/Economics/Learning

What is a free market? In a free market society, such as the one people enjoy in the United States, supply and demand give rise to prices and products available…

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Read more about the article Nothing Goes International

Nothing Goes International

  • Post author:Lorrie
  • Post category:Economics/Learning/Research

Is it time to produce Something? Nothing, Ltd. has grown into a huge corporation, successful beyond our wildest dreams. Going global appears to be the next logical step in our…

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Read more about the article Money Created from Nothing

Money Created from Nothing

  • Post author:Lorrie
  • Post category:Economics/Learning/Research

How banks make money from nothing Money is a fascinating subject.  Since the dawn of man, people have used money in one form or another, often using a barter system…

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Read more about the article The Cost for Nothing

The Cost for Nothing

  • Post author:Lorrie
  • Post category:Economics/Learning

Market Structure for Nothing It may be difficult at first glance to tell what type of market structure our company, Nothing, Ltd. fits into, and so we need to take…

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Read more about the article The Market for Nothing

The Market for Nothing

  • Post author:Lorrie
  • Post category:Economics/Learning

Supply and Demand Basics Now that we have mastered the laws of supply and demand, we are ready to learn about the market.  In simple terms, the market is defined…

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Read more about the article Something for Nothing

Something for Nothing

  • Post author:Lorrie
  • Post category:Economics/Learning/Research

Or How Low Will They Go? Supply and demand are at the very core of a capitalistic economy. Quick-thinking, forward-moving entrepreneurs recognize consumer’s demands, and compete for the right to…

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    Advertising Portfolio
    October 18, 2018/
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