Business Economics




Market Failures


Minimum Wage

The minimum wage A national minimum wage sets the minimum hourly wage rate that is acceptable in law. A national minimum ...

Cost Benefit Analysis

Cost-benefit analysis Cost Benefit Analysis (CBA) is a method of appraising large scale investment projects, often involving public spending, such as ...

Incomplete Markets

Incomplete markets An incomplete market is one where some of the necessary conditions for market formation exist, but not all ...

Labour Market Failures

Labour market failures Like product markets, labour markets can also fail. The main types of labour market failure are the ...

Macro Economics