Keynesian economists and Austrian school economists offer fundamentally different approaches to responding to financial crises, rooted in contrasting views about the economy's functioning and the role ...

Global fragmentation in economics refers to the increasing division of the world economy into distinct blocs or regions, each characterized by separate trade systems, economic policies, or ...

Calculate the percentage change in USA oil production between 2008 and 2023 to two decimal places. Compare the combined oil production of the USA to the combined production of Saudi Arabia, Iraq, UAE, ...

The process by which a private company offers its shares to the public for the first time. Share on Facebook Share on Twitter Share by Email Why Just Eat is Leaving the London Stock Exchange: Costs, ...

Here's this week's Biz Quiz. Each Friday, during term time, tutor2u sets a quiz asking 8 multi-choice questions about news events relating to the business world from the previous 7 days. Each ...

Supermarket loyalty pricing, where members pay less than non-members for certain products, is becoming ubiquitous in the UK, accounting for a whopping £5 billion in revenue over just three months in ...

Rising demand for Indian cocoa beans is transforming agriculture and boosting local production. India’s cocoa production is surging, with output growing 40% since 2015 to 110,000 tonnes in 2023, yet ...

In a new video, Geoff discusses some of the key data on the UK economy in the aftermath of the October 2024 Budget and the election of Trump as US President. Can the UK economy break out of a ...

A government’s fiscal (or budget) deficit is the difference between its spending and income from taxes and other revenues. A “large deficit” implies that state sector spending substantially exceeds ...

When a household name like Just Eat Takeaway announces it’s delisting from the London Stock Exchange (LSE), the story isn’t just about one company—it’s a lens into broader economic themes. What makes ...

Fixed costs are expenses that do not vary with production levels, so they are incurred regardless of whether a business is producing anything or not. Here are some examples of fixed costs: These costs ...

When a few large firms dominate a market there is always the potential for businesses to seek to reduce uncertainty and engage in some form of collusive behaviour In an oligopoly, collusion refers to ...