Economics: Employment
As we know full employment (or as near as we can get) is one of the government objectives. Employment is very important when it comes to our
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Welcome to Madex Economics
Madex Economics is a free educational website with professional articles designed to help people learn economics and other subjects. Madex Economics offers the latest global news as well as debates on various topics of interest. Our goal is simple; to provide quality information that is both informative and entertaining for readers, with an emphasis on creating clear, concise writing.
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Madex Economics
- May 29, 2022
- 4 min
Economics: The Components of Aggregate Demand
The aggregate demand curve depicts the relationship between the level of aggregate demand and the price level, i.e., it can also show theore
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Madex Economics
- May 29, 2022
- 3 min
Economics: The Circular Flow of Income
The circular flow of income, expenditure and output helps provide us with a basic framework of a country's economy.
Within the circular flo
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Madex Economics
- May 20, 2022
- 5 min
Economics: Price Discrimination
Price discrimination refers to how some firms can segment the market and charge different consumers (or groups) varying prices, for an ident
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Madex Economics
- May 18, 2022
- 4 min
Economics: Natural Monopoly
A natural monopoly occurs in an industry where there are significant fixed costs but low marginal costs. Imagine your local water supplier,
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Madex Economics
- May 18, 2022
- 5 min
Economics: Monopoly - Market Structures
A monopoly is defined as a market in which a single firms is the seller of that good or service. In a monopoly market the barriers to entry
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Madex Economics
- May 16, 2022
- 2 min
ECONOMICS: INCOME ELASTICITY OF DEMAND (YED)
Income elasticity of demand is an economic metric that measures the responsiveness of a quantity demanded for a good to a change in income.
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Madex Economics
- May 16, 2022
- 2 min
ECONOMICS: CROSS ELASTICITY OF DEMAND (XED)
Cross elasticity of demand is an economics metric that measures the relationship between two products.
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Madex Economics
- May 16, 2022
- 3 min
ECONOMICS: PRICE ELASTICITY OF SUPPLY (PES)
Price elasticity of supply is an economic metric that measures the responsiveness of quantity supplied of a good to a change in price.
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Madex Economics
- May 16, 2022
- 4 min
ECONOMICS: PRICE ELASTICITY OF DEMAND (PED)
Price elasticity of demand measures the sensitivity of quantity demanded in respect to a change in price.
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Madex Economics
- May 12, 2022
- 5 min
The Economic Problem
The world faces a major problem, one known as scarcity. We have various resources which can be used by various people for various uses...
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Madex Economics
- Apr 4, 2022
- 10 min
Income Distribution and Welfare
Key Terms: Income: Money one earns by working or by capitalising on the work of others. Wealth: A great amount of valuable assets or...
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Madex Economics
- Mar 16, 2022
- 2 min
Output Gap
Key Terms Output Gap: Is the difference between actual GDP or actual output and potential GDP, in an attempt to identify the current...
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Madex Economics
- Mar 16, 2022
- 2 min
The Accelerator Effect
Key Terms Accelerator: The accelerator effect is defined as the effect positive market economic growth has on private fixed income, for...
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Madex Economics
- Mar 16, 2022
- 5 min
The Multiplier Effect
The Multiplier Key Terms Accelerator: The accelerator effect is defined as the effect positive market economic growth has on private...
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