Economics

?Monograph Review A Students Guide to Economics Written by Paul Heyne When you first thought about Economics, what did you think of? To me it was pretty much the study of money, as simple as that. I thought it would be interesting to ask a few people what their thoughts were and I heard many […]

A group of industrialized nations including Australia, Austria, Canada, France, Germany, Italy, Japan, the I-JK, and the United States are called developed country. Kofi Annan, former Secretary General of the United Nations, defined a developed country as follows: “A developed country is one that allows all its citizens to enjoy a free and healthy life […]

The threat of new entrants in the South African Pay TV market is low for reasons discussed below: Capital Requirements: The case study clearly states that Top TV spent in the region of R1 billion to become operational which shows that the capital needed to do business in this industry is steep. The case also […]

In the Documentary Inequality for All, scholar Robert Reich dissects the staggering facts on an unequal distribution of wealth between classes and its shattering effects on the American economy. He focuses on the fact that our middle class, which makes up 70% of our economy, is being kept on a tight leash from the wealthy […]

• Higher prices and lower output Monopolies often mean that prices will be higher and output lower than is the case for an industry where competition prevails. Firms in one industry are producing under conditions of perfect competition, while the other firm is operating under conditions of monopoly. The costs of production are the same for each industry. • Excess profits High profits […]