What is called absolute poverty?
Absolute poverty is when household income is below a certain level, which makes it impossible for the person or family to meet basic needs of life includi...
Category: General
When and why did Keynesian economic school lose its influence?
It lost some influence following the oil shock and resulting stagflation of the 1970s. Keynesian economics was later redeveloped as New Keynesian economic...
What happens when government imposes a price floor?
When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, and excess supply or surpluses will result. When g...
What does a economic map show?
An economic map is a map that illustrates various economic activities or phenomena that take place in a particular area. These maps show a large area, com...
How can we reduce gas prices?
How to lower gas prices 1) Lift offshore and onshore exploration and drilling bans. 2) Approve Keystone XL. 3) Require timely environmental review. 4) Spe...
What is Sierra Leone main export?
diamonds Sierra Leone main exports are diamonds (63 percent of total exports), cocoa (22 percent) and coffee. Sierra Leone main export partners are: Belgi...
What economic venture helped Jamestown survive?
The Powhatans traded food, furs, and leather with the English in exchange for tools, pots, guns, and other goods. The Powhatan people contributed to the s...
What did Oliver Tambo do for South Africa?
Oliver Reginald Kaizana Tambo (27 October 1917 – 24 April 1993), also known as O. R. Tambo, was a South African anti-apartheid politician and revolutionar...
Is Annamalai University approved by Calicut University?
Annamalai University is not approved by any Kerla University because it is itself a University which is approved by the University Grant Commission (UGC)....
What are the role of multinational companies?
MNCs help a developing host country by increasing investment, income and employment in its economy. They contribute to the rapid process of development of...
