All economic systems, including private enterprise systems, require resources to produce goods and services for the business. The factors used to produce goods and services are called factors of … [Read more...] about The Factors of Production In Economic System
Economics study notes
We use the “4P's of marketing” concept to define one of the best known and applied strategies in this area, which consists in analyzing the 4 fundamental elements: the product, the price, the point of … [Read more...] about 4 P’s of marketing
Diffusion is the process in which atoms or molecules move from a high concentration region to a low concentration area. In most cases, the spread occurs in gases and liquids. During diffusion, the … [Read more...] about What Is Diffusion?
Stagnation refers to an economic phenomenon characterized by economic stagnation, high inflation and high unemployment. It is a contraction of stagnant words and inflation. When a country's economy is … [Read more...] about What is Stagflation?
HDI stands for Human Development Index an important measure designed by the United Nations to assess the quality of life and economic development of a population .The Human Development Report (HDR) is … [Read more...] about What is HDI;(Human Development Index )How Is HDI Calculated?