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Trickle-Down Economics: Why It Only Works in Theory

Trickle-Down Economics: Why It Only Works in Theory

Trickle-down economic theory states that benefits for the wealthy trickle down to everyone else in the economy. These benefits for the wealt...
5 min read
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EconomicsOnline • February 04, 2020 • 2 min read

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PED Price elasticity of demand
PES Price elasticity of supply
World Trade Organisation Cross elasticity of demand
YED Income elasticity of demand
Costs Costs
Perfect competition Perfect competition
Monopolistic competition Monopolistic competition
Oligopoly Oligopoly
Primary markets Primary markets
Externalities Externalities
Natural_monopoly Natural monopoly
AD-AS AD-AD model
Circular-flow Circular flow
Customs Customs unions

 

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What is the Sunk Cost Fallacy?

What is the Sunk Cost Fallacy?

The sunk cost fallacy explains the tendency to follow through on something if one has already invested money, time, or effort into it, rega...
12 min read

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