Smallholder farmers are the main food producers in developing countries, increased smallholder agricultural production means more food enters the marketpl...

The population rose by a million during the Elizabethan period. More people meant there was more demand for goods, and so prices rose. Prices for goods ro...

A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a countr...

Environmental regulation in the United States stands accused of causing a broad array of undesirable economic consequences. It is said that environmental ...

Scarcity shows a discrepancy between supply and demand and the absence of countervailing prices. Study of economics depends on existence of scarcity. The ...

When a country’s economy is not diversified and relies heavily on basic products, it puts itself at the mercy of international market prices. When prices ...

Plus, if the rate of GDP growth falls below the rate of labour force growth, there won’t be enough new jobs created to accommodate all new job seekers. Pu...

According to World Bank, the countries with the highest poverty rates in the world are: Madagascar – 70.70% Guinea-Bissau – 69.30% Eritrea – 69.00% Sao To...

Labour issues Prolonged strikes hurt both the employer and employees and also have a negative impact on the country’s economy. They hurt both employers an...

The principal theories of economic growth include: Mercantilism – Wealth of a nation determined by the accumulation of gold and running trade surplus. Cla...