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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
Circular flow of income - definition
Definitions

Circular flow of income - definition

EconomicsOnline • January 28, 2020 • 1 min read

The circular flow of income

The circular flow diagram shows how income circulates around an economy, from households to firms and back, creating output and employment.

The circular flow

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The labour market claimant count

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Choice architecture - definition

Atomistic Competition

Atomistic Competition

A type of market structure in which many small firms compete independently with each other in a marketplace is called atomistic competition....
6 min read

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