World's top 10 Economies by Exports

The World’s Top 10 Economies by Exports

International trade is one of the most important drivers of economic growth. Most countries export a significant share of the goods and services they produce to other countries. These exports are extremely important, because they have a direct impact on economic growth, employment, and the standard of living within the […]

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Ordinary Goods vs Giffen Goods

Ordinary Goods vs. Giffen Goods

The law of demand is one of the most fundamental economic concepts. It states that the quantity demanded of a good decreases as its price increases (and vice versa). While this holds true for most goods and services, there are some exceptions to the rule. Therefore, we can distinguish at […]

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