Overview of the UK Economy 2016

The following infographic provides an overview of the UK Economy 2016. According to GDP, the UK has one of the most powerful economies in Europe. The recent vote on Brexit will certainly affect the country’s economy in one way or the other. However, it is important to note most of […]

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The Basic Circular Flow of Income

The Basic Circular Flow of Income Model is one of the most fundamental models in economics. It is also often referred to as the Two Sector Model, because it analyzes the relationship between two economic sectors; households and firms. More specifically, the model illustrates basic exchange processes between the two sectors, namely the flow […]

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The Four Different Types of Money

Money can be described as a generally accepted medium of exchange for goods and services. Virtually anything can be considered money, as long as it performs the three major functions of money (i.e. medium of exchange, store of value, unit of account). With this in mind, it is not surprising that there were […]

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Overview of the German Economy 2016

For this post, we have created an infographic that provides an overview of the German Economy 2016. Overall the country’s economy is in a good shape. Despite a decrease in Gross Domestic Product (GDP) from USD 3.86 trillion (in 2014) to USD 3.36 trillion in 2015, Germany still has Europe’s largest […]

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The Four Types of Market Structures

There are quite a few different market structures that can characterize an economy. However, if you are just getting started with this topic, you may want to look at the four basic types of market structures first. Namely perfect competition, monopolistic competition, oligopoly, and monopoly. Each of them has their own set of characteristics […]

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Overview of the US Economy 2016

We live in an increasingly complex economic system. International trade and the ongoing globalization result in rapid changes and constant market shifts. As a result, it has become more and more important for people to keep an eye on a large number of national economies. Unfortunately, finding and processing this type of information on the […]

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