Economics

Definition & Examples of Positive Externality and Negative Externality What are Externalities? Externalities are a cost that is not paid...

Non Excludable Good Example What is Non-Excludable Good? Non-excludable goods or public goods are those that people cannot be excluded...

Ronald Coase Theorem Examples | Coase Theorem Property rights  and Transaction Costs What is Coase Theorem/Coasian Theorem? The Coase theorem,...

Pigouvian Tax Example & Diagram | Pigouvian Subsidy What is Pigouvian tax? Pigouvian taxes are a type of tax that...

Demerit Goods Examples What are Demerit Goods A demerit good is a service or product that people believe will have...

Isoquant Curve Example & Isocost Line Isocosts Curve & Isocost Line An isocost line shows the different combinations of two...

Isoquant Curve  Example & Marginal Rate of Technical Substitution What is an Isosqaunt? An isoquant curve may be defined as...

What is Giffen Good | Giffen Good Example Economics is the study of how people choose to allocate limited resources....

What Is Economic Skewflation? What Cause Skewflation What is Skewflation? Skewflation is defined as a price rise of one or a small group...

What is Stagflation in Economics| What are the Causes and Effects of Stagflation What is Stagflation? Stagflation is a term...