Economics Online
Economics Online
Home Business Economics Definitions Global Economics Managing the Economy Competitive Markets Market Failures
Home Business Economics Definitions Global Economics Managing the Economy Competitive Markets Market Failures Search
Exploring the Paradox of Value

Exploring the Paradox of Value

Diamonds command a higher price in the market as compared to water, when it is water without which human beings cannot live....
8 min read
Freedom of choice
Definitions

Freedom of choice

EconomicsOnline • February 04, 2020 • 1 min read

Choice

Choice refers to the ability of a consumer or producer to decide which good, service or resource to purchase or provide from a range of possible options. Being free to chose is regarded as a fundamental indicator of economic well being and development.


Previous Post

Alternative-finance-for-housing

Next Post Fiscal Stabilisers Discretionary Tax Policy

Fiscal Stabilisers Discretionary Tax Policy

How to Stop Inflation?

How to Stop Inflation?

Governments want to control a high inflation rate because it is harmful for the economy in many ways....
7 min read

Recent Post

Normative Economics and its Applications
Normative Economics and its Applications
December 10, 2023
Dutch Disease
Dutch Disease
December 01, 2023
Payment Processors: The Understated Force Enabling Our Cashless Economy
Payment Processors: The Understated Force Enabling Our Cashless Economy
December 01, 2023

Tag Cloud

Behavioural economics Business economics Competitive markets Crypto Definitions Factors of production Forex Trading Global economics Information Failure Labour markets Managing the economy Market Failure Market failures Questions Quiz Right Rail Uncategorized Updates YouTube

Navigation

Privacy Policy Terms of Service

Follow Us

2023 © All Rights Reserved - Critic Capital LLC - EconomicsOnline.co.uk 2008 - 2021