What Is Supply and Demand?
Sunday, April 18th, 2010 Posted in Economy 101 | No Comments »Understanding Supply and Demand Two highly important concepts that drive economics around the world is the concept of supply and demand. Supply and demand is an economic model of price determination within an economic market. In supply and demand, it ...
How Interest Rates Affect Consumers, Investors and Businesses
Wednesday, April 14th, 2010 Posted in Economy 101 | No Comments »Interest rates, consumers, investors, and governments The interest rate of a country is extremely important to the economy. The changing of the interest rate can have a great number of effects on how the economy performs, as well ...
How the Loonie Affects the Canadian Economy
Sunday, April 11th, 2010 Posted in Economy 101 | 3 Comments »How Strong Canadian Dollar Affects Economy If you ask a Canadian what the dollar is at, they will probably tell you that it is near the American dollar in value. Most Canadians know where the dollar ...
What Is The Consumer Price Index (CPI)?
Wednesday, April 7th, 2010 Posted in Economy 101 | No Comments »Definition of Consumer Price Index (CPI) Something that is very important for the economy, but which a lot of people do not understand, nor know about, is the Consumer Price Index. The Consumer Price Index is important because it provides ...
What Is Deflation?
Saturday, April 3rd, 2010 Posted in Economy 101 | No Comments »Definition and Causes of Deflation Deflation is the opposite of inflation, and that naturally means that it is a good thing for the economy. Deflation represents a decrease in the price level of goods and services. It happens ...
The Great Depression
Friday, March 26th, 2010 Posted in Economy 101 | No Comments »Great Depression: The Worst in Recent History The worst depression in recent history, and one of the defining periods of the 20th century was The Great Depression. From 1929 to 1939, many of the world's economies suffered high unemployment ...
What Is A Depression?
Tuesday, March 23rd, 2010 Posted in Economy 101 | No Comments »What Is A Recession Depression? When we talk about depression, we are not talking about a psychological condition. Instead, we are talking about an economic condition and it is a very serious one that has done ...
What Is GDP (Gross Domestic Product)?
Saturday, March 20th, 2010 Posted in Economy 101 | No Comments »GDP Definition Something that is vitally important for a country, and for the citizens of that country, is the gross domestic product, or GDP. The GDP is a basic measure of the health of a country's ...
How Central Banks Control Interest Rates
Tuesday, March 16th, 2010 Posted in Economy 101 | No Comments »Monetary Policy, Central or Reserve Bank, and Interest rates In Canada, there is a lot of talk about interest rates right now because of the interest rate going up in June. Currently, the interest rate is set at ...
What Is Inflation?
Sunday, March 7th, 2010 Posted in Economy 101 | 2 Comments »Inflation: Definition and Causes When there is economic trouble, you often hear about inflation. Inflation is something that many people know about, but few people actually understand. Yet, inflation plays a very important part in our lives. If not for inflation, ...
