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The theory of asset demand also stresses the function of money as a store of value. This theory elaborates on why individuals demand one asset or a typical portfolio of assets over other alternatives.
What is an Asset?
Asset is a valuable resource that an individual or
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Inflation is everywhere in newspapers, media, economic books, and reports. Even if you are economic and business enthusiastic, then better knowledge of inflation, its causes, and measurement tools can help bolster you. In this regard, this article is an attempt to answer the following questions:
What
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This article explains the Keynesian theory of money demand, also known as liquidity preference theory, and elaborates on how it differs from the classical theory.
Assumption of Two Assets World
Keynes assumed the two assets world, where people can hold their entire portfolios either in money or
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The purpose of this article is to teach you about the different versions of the quantity theory of money, along with underlying assumptions and flaws. Italian economist Davanzatti developed the quantity theory of money, and American economist Irving Fisher popularized it after his influential book
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In this article, we will explain the concept of national income accounting, methods of measuring national income, and problems associated with measuring national income. Before reading this article, we recommend reading and understanding the important concepts of gross domestic product and GDP growth rate.
The flow
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The quantity theory of money is a classical theory of money demand; why? You will understand the concept of money demand, reasons to hold money, the classical theory of money demand, and its implications and criticism after reading this article. But before that, we advise
By TopicBin .
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If you are a beginner and have just started to study production theories of microeconomics, you are in the right place to start from. After studying this article, you will learn the concepts of production, production function, and total, average, and marginal product and their
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This article intends to describe the meaning of Gross Domestic Product (GDP), illustrate GDP with a hypothetical example, and describe the GDP growth rate in straightforward terms so that any starter of macroeconomics can understand it clearly. If you are new to macroeconomics and want
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5 min read .
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This article clearly explains the Ricardian theory of rent. Before starting this article, we recommend familiarizing yourself with land rent and economic rent (Click Here to Read), making your learning journey easier and smoother.
Now, assuming you have read the recommended article, let's move on to
By TopicBin .
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8 min read .
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Before explaining economic rent, it is better to explain the different uses of the term rent in different time phases. It will be more helpful to fully understand the meaning of land as used in the economic profession. So, let's first know what the term