Category: ECONOMICS

Inflation Beta: Definition, Calculation, Examples, Formula, Meaning

Every market may contain uncertainty due to the inflation prevalent in the country. Usually, inflation increases, impacting investment strategies for investors. Investors around the world aim to invest in assets that can help protect against the rise in inflation in their respective countries. Therefore, they also contemplate their investment strategies …

Import Quotas: Definition, Examples, Meaning, Usage

To maintain a sustainable economy, many countries have implemented quotas that limit the volume of goods imported into their country. These import quotas generally serve three main purposes: to protect domestic industries from foreign competition, to safeguard public health and safety, and to preserve scarce resources. Without these quotas, a …

Inelastic Demand: Definition, Examples, Meaning, Formula, Curve

In economics, there is a concept known as “inelastic demand.” This term refers to a situation in which consumers are not very likely to change their behavior when it comes to purchasing a particular product. For example, people need food to survive, so the demand for food is considered inelastic. …

Public Goods: Definition, Examples, Meaning in Economics

In every economy, for every community or group of people, there is always a need for certain basic goods and services that we collectively agree everyone should have access to. These needs are met through the production of public goods. Public goods are those that are non-excludable and non-rivalrous in …