Solow Growth Model The Solow Growth Model is also known as Exogenous Growth Model, Neo-classical Growth Model and Solow-Swan Growth Model. This concept is used to define what is called a model for long-run economic growth. The model owes its important contributions to economists Robert Solow and T.W.Swan. They developed a...
Phillips Curve Phillips Curve deals with the relationship between unemployment and inflation in an economy. It was study on The British Economy between the periods 1861- 1957. The study states that the lower the rate of unemployment in an economy the higher the rate of increase in wages and the...
Fiscal Policy Fiscal Policy is a method which is used to keep the level of inflation under control and to stabilize the economy. It’s different approach to the Monetary Policy approach. While Monetary Policy is a soft approach in dealing with inflation, Fiscal Policy is a harsh approach towards inflation. Fiscal...
Monopoly A monopoly is a market structure in which there is only one producer/seller for a product. Monopoly is derived from Greek "monos" meaning 'alone' or 'single' and "polein" meaning to 'sell'. In other words, the single business is the industry. A monopoly is free to set any price it chooses...
Unemployment The classical economic model of labor market relies on supply-demand analysis for studying the wage rate and the level of employment in an economy. And for showing how these variables are linked to output and productivity. The employment model is based on the assumption that all workers who are...
Capital Market is a market for securities. Securities include debt and equity. These are the places where both Corporations and the Govt can raise long-term funds. It is a place where money is provided for both long-term and short-term periods. The market instruments which are exchanged are Corporate Equities; Agency...
Risk and Uncertainty Business today is filled with risk and uncertainty. There’s no guarantee of the outcome of the decisions taken by a manager. There are numerous risks involved, ranging from the line of business to the type of product to be produced, the price of the product and what...
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