How to calculate equilibrium price and quantity

How to Calculate Equilibrium Price and Quantity

In economics, the market equilibrium is defined as a state in a market where there is no pressure for change. That is, there is no pressure for price to move up or down. The primary forces behind this are supply and demand. As long as demand is greater than supply […]

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World's Top 10 Economies by Imports

World’s Top 10 Economies by Imports

In our globalized economy international trade is one of the most critical drivers of economic growth. While virtually all countries engage in international trade, some of them are more active than others. We have already created a list of the world’s top 10 countries by exports¬†a while ago.¬† But for […]

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