In a previous article Supply, demand and market equilibrium we discussed how prices is determined by supply and demand if all else stays equal. In this article I want to talk about ways in which prices can be manipulated to be something other than the equilibrium price and the effect it has on the economy. Price …
Growing the Economy
We often hear our economy is not growing fast enough. Basically this means that the total output of the economy must increase at a greater pace... meaning we must produce more. If the total output grows faster than the population, the standard of living will increase and we will be better off. This does not necessarily mean …
Making it Work 