What Is the Malthusian Theory of Population?
Jessica Allen2021-07-29T15:13:31-04:00Definition of the Malthusian Theory of Population The Malthusian Theory of Population involves arithmetic food supply growth and exponential population ...
What is the Sunk Cost Fallacy?
Jessica Allen2021-07-29T15:12:16-04:00The sunk cost fallacy explains the tendency to follow through on something if one has already invested money, time, or ...
Understanding Consumer Sovereignty
Nikolay Krylovskiy2021-06-07T16:55:44-04:00Understanding Consumer Sovereignty The idea that consumers influence production decisions is called consumer sovereignty. Consumers effectively "vote" for the goods ...
Does Public Choice Theory Affect Economic Output?
Nikolay Krylovskiy2020-10-13T10:36:11-04:00Does Public Choice Theory Affect Economic Output? Both on paper and in real life, there is a solid relationship between ...
How To Address Moral Hazard in Capitalism
Nikolay Krylovskiy2020-10-07T10:31:12-04:00How To Address Moral Hazard in Capitalism A moral hazard refers to the morally compromising decisions that may or may ...
Understanding How Supply/Demand Equilibrium Affects Market Growth
Nikolay Krylovskiy2020-09-11T13:53:28-04:00Understanding How Supply/Demand Equilibrium Affects Market Growth "Supply and demand" is one of those phrases that consumers throw around all ...
Covid-19 Effect on Microfinance and the Third-World Economies
Nikolay Krylovskiy2020-08-04T12:48:09-04:00Covid-19 Effect on Microfinance and the Third-World Economies Since March 2020, the Covid-19 pandemic has come down with a bang ...
Understanding The Economic Model of Human Behavior
Nikolay Krylovskiy2020-07-06T23:31:33-04:00Understanding The Economic Model of Human Behavior While based on traditional economics, the economic model of human behavior is conceptually ...
How is Behavioral Economics Different From Classical Economics?
Nikolay Krylovskiy2020-08-05T12:02:57-04:00How is Behavioral Economics Different From Classical Economics? Behavioral and classical economics are two opposite realms in economic modeling, and ...
Explaining The Stock Market Boom During A Pending Recession
Nikolay Krylovskiy2020-06-19T18:48:04-04:00Explaining The Stock Market Boom During A Pending Recession As the novel coronavirus pandemic swept and continues to sweep its ...