Understanding the Types of Economies and Economics Around the Globe Three types of economies include command economy, market economy and mixed economy, and within each type, there are three main ...

Furthermore, the different types of uncertainty reinforce each other. Political polarisation, which tends to make economic policy erratic, is fuelled by high inflation.

Imperfect competition exists whenever the assumptions needed for neoclassical perfect competition do not occur in a market.

Discover why economic profits are theoretically impossible in a perfectly competitive market and why some economists use perfect competition models.

Competition is often thought of a fairly obvious thing, a rivalry. In a market context the meaning of competition is usually taken to be a rivalry among the sellers. The article seeks to broaden this ...

During an extraordinary few days when the worlds of U.S. politics, policy, economics and company earnings collided, the divergences that run through the country's equity and bond markets have come ...