ECONOMICS

The median is the middle value in a set of numbers when they are arranged in order. It is the average of the two middle values if there are an even number of numbers in the set. Here are the steps to find the median: Arrange the numbers in order. If there is an even […]

The debt service coverage ratio (DSCR) is a metric used in real estate financing to measure a property’s ability to generate enough income to cover its debt service payments. It is calculated by dividing the property’s net operating income (NOI) by its total debt service expense. Formula: DSCR = NOI / Total Debt Service Expense […]

The law of supply and demand is a fundamental principle in economics that describes the relationship between the quantity of a good or service that producers are willing to offer and the quantity that consumers are willing to buy at a given price. Supply: Demand: Equilibrium: Law of Demand Curve: Law of Supply Curve: Impact […]

The misery index is a measure of human misery. It is calculated by adding the unemployment rate and the inflation rate, then subtracting the literacy rate. The higher the misery index, the greater the human misery. Formula: $$MI = 100 – (100 – UR) – (100 – IR) + LL$$ where: Interpretation: Examples: Factors Affecting […]

An economic calendar is a tool that provides a chronological listing of key economic events and data releases that occur in a particular country or region. It helps economists, analysts, and investors stay informed about the latest economic developments. Key Components of an Economic Calendar: 1. Events:– Economic summits and meetings- Major policy announcements- Interest […]

Definition: Trade is the exchange of goods, services, and ideas between individuals, companies, or nations. It is a fundamental aspect of human interaction and plays a pivotal role in shaping global economies. Types of Trade: Major Components of Trade: Benefits of Trade: Challenges of Trade: Conclusion: Trade is an integral part of human commerce and […]

Consumerism is a sociocultural phenomenon that describes a way of life that emphasizes the acquisition and consumption of goods and services. It is characterized by the belief that happiness and satisfaction are primarily derived from material possessions and experiences. Key Concepts: Examples: Positive and Negative Aspects: Critique: Consumerism has been criticized for its emphasis on […]

A natural monopoly is a market structure in which there is a single firm that controls the majority of the market share and has the ability to dictate prices and terms of trade. This firm usually has such a dominant position due to its superior technological infrastructure, economies of scale, or control over a unique […]

Adverse selection is a problem that occurs when one party to a transaction has more information than the other party and uses that information to take advantage of the other party. Explanation: Examples: Solutions: Additional Notes: FAQs

The word “boon” is a slang term meaning “fortunate” or “prosperous.” It is often used in a humorous way to describe someone who is doing well, even if they are not necessarily wealthy.