The world's top 10 Economies by GDP

The World’s Top 10 Economies by GDP

Gross Domestic Product (i.e. GDP) is one of the most common measures of economic output and strength.¬†Virtually all countries around the world measure and report their GDP on a regular basis. This allows us to directly compare their economic power. Fortunately, the World Bank provides a comprehensive database of economic […]

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Difference between Individual and Market Demand

Difference between Individual and Market Demand

In an economic context, demand is defined as the quantity of a specific good or service that consumers are willing and able to buy over a given period of time. As you can tell, this definition looks at all consumers combined (i.e. aggregated data). However, individual consumers may have different […]

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