Short Essay on Comparative Advantage and Trade

The principle of free trade is based on the law of comparative advantage. The law of comparative advantage states that if countries specialise in producing what they have a relative advantage (lower opportunity cost) then there will be a net gain to society. This essay is an explanation of the difference between absolute and comparative advantage.

Can We Afford To Ignore China

As the world scrambles to lock in resources for its people's future and security can we afford to ignore the developing world and its economies?

Ruined Rural Economy Of India - Neglected Preferences Part 6

The article revolve around the economic failure of Indian farmers and various factors which ruined farming sector are analyzed. It also suggest various steps to revive Indian and world agro sectors based on two theories of Som-Kalpna Spiraling Rural Economy Cycle (SKSREC) mode and Kalpna's Everlasting Economic Loop (KEEL).

Ruined Rural Economy India - Metal Or Stomach Part 5

The article debates about the various pros and cons of last three anti-farmer budgets and its effect on common man. The various factors which ruined farming sector are analyzed. It discusses the need of debt economy for students, farmers and other common man. It suggests various measures to prevent further retardation of agro sector.

The Effects Of An Increase In The Value Of The Euro

Generally an appreciation is good news for EU consumers who buy from abroad. It is bad news for exporters who will find a decrease in their profit margins. An appreciation can help reduce inflation in the Eurozone but could also cause lower economic growth.

Ruined Rural Economy - India Have We Part 2

The article deals in depth the effect of the metal industry over agro due to neglected priority of GOI and subsequent lapses in taking care of farming sector and villages.

The Rise of Globalisation in the World Economy

Factors that explain the rise of Globalisation, including free trade, capital mobility and improvements in technology.

Rural Ruined Economy of India - No Magic Stick Part 4

My dear esteem ezine readers with new theme and analysis I am with you to debate on ruining effect of Indian rural economy. The article high lights various effect of last three budgets of India on a common man. It gives out various factors for such actions and analysis of metal versus grains preference of Indian planners.

The Concept of Value

Does insurance really bring value to the person buying it? Read on - it's time to do some thinking!

Workers in Developed Countries are Not Creating Wealth

The vast majority of people in emerging economies work hard and honestly and they try to get something out of their hard work. It is a bit of exaggeration to say that most people in developed countries do not work hard or honestly, but too many people work in such ways that they do not exactly contribute to the development of their economies.

China and India on the Rise; US Lagging in Innovation

Many have said that the issues with China and India taking the world by storm and attracting its manufacturing base is not a problem. Why? Well because they say nations like the US will move from manufacturing to service sector and into technology, designing a knowledge based workforce. That is to say; we design it and they will make it.

The Circular Flows of Economic Might

An entrepreneur is asked would he go work in China for an extremely large company there? This is an interesting question as so many recruiters are looking for folks to go to China who speak English and understand how to run a large company and have management skills. The entrepreneur thought about the incredible offer, benefits and pay and then stated;

Can America Afford Free Health Care?

Many folks in the United States want the government to provide health care universally to all citizens and they expect the World Organizations to do this for the third world nations as well. Unfortunately, this is a huge cost and probably currently out of the realm of reality.

Thoughts on the Nash Cournot Equilibrium Theory

Economics are fun to think about and John Nash Nobel Prize Winner in Economics indeed had something to say about it. He theorized that if each player of a game continued their strategy and maintained their individual effort that no player of the game, no matter how many would have an advantage no matter how long the game were played as long as the rules remained the same.

Is There Such Thing as a Free Market Economy?

Many people discuss the importance of a free market economy and site numerous examples of how economies work best when they have less regulation. This is all well and good but one has to ask; Is There Such Thing as a Free Market Economy? That is to say does such a free-market economy actually exist and if so where or where could she be?