Equilibrium in the Market
As with all markets and their respective economies, having equilibrium is one of the key factors of a successful system. Although most markets do not reach equilibrium, they attempt at getting close. There are numerous methods devised to reach equilibrium, whether they involve human intervention directly or a cumulative decision by all factors involved. These factors may be a seller’s willingness to lower overall revenue, or a buyer’s willingness to withhold some demand for a certain product. Of course, the basics of supply and demand retrospectively control the equilibrium in the market.Principles of Microeconomics
In the modern economic system presented in the world today, microeconomics, and the study of such, is a vital part of the budding economic scholar. In most circumstances, microeconomics is based on the cumulative study of how individuals and firms, or a combination of the two, make decisions regarding the allocation of resources, typically in markets where goods and services are bought and sold. This allocation, or optimization of limited funds through distribution, usually follows 2 standardized theories: the Consumer and Producer.Criminal Barrister Services Explained
In the UK a barrister is a legal professional who is a specialist in courtroom advocacy under instruction from solicitors or other specified professionals. They also play a role in giving advice to their professional counterparts who are mostly solicitors. A barrister is mainly hired because of his incisive legal knowledge more so that he can read into the material facts of a case and determine its chances when it is argued in court.Courtship In The Traditional Meru Community Of Kenya
Courtship is the period in a couple’s relationship which precedes their engagement and marriage. Among the Meru, the task of identifying a girl to marry was usually left to the man.Sovereign Debt and Brady Bonds
For the past few months, Europe’s sovereign debt issue has been a regular fixture of the daily news. The problems are not just limited to Greece, they are affecting Spain, Portugal, Ireland and some others. However, it is the problems faced by Greece that seem unfixable.The Debt Ceiling and the Consequences of a Default
We have all heard it probably too many times on the radio and the television, if congress doesn’t raise the debt ceiling, the United States is doomed (well at least the US dollar is). But is it really? I get asked this question a lot.Rethinking Urban Design Can Save Energy and Reduce Congestion
Director Robert Zemeckis chose for a quaint town square shadowed by a massive clock tower for his iconic DeLorean-powered-by-lightning scene in “Back to the Future.” Such squares give residents the impression of community, allow them to mingle and experience common culture. For the past 70 years, however, that town center has been shoved aside. Now there’s a growing effort to change that through innovation and a re-creation of those old styles.The US National Debt
The national debt crisis is getting out-of-hand. Our expenses are way more than our earnings and the debt level increases each day. Read this article to learn more about the current financial crisis.The United States Debt Wall
According to Marc Nuttle, the United States has less than 18 months before we hit the debt wall. When this happens, we will run out of liquid capital and go bankrupt.It’s Over – We’ve Finally Defaulted
If reform is avoided or insufficient and if tax raises are unsuccessful or too devastating then the next worst response is a default on the debt. In this case we would be defaulting on the national debt. This means that we would simply declare that we could not repay the over $14t of debt we owe to the rest of the world.You’re Gonna Get It, You Know That Right?
In addition to the unfunded liabilities monster, the US government has other spending obligations. Scott Horsley wrote an article entitled “What A Debt Default Would Really Mean For The U.S.” for NPR that highlights this problem. Yes the unfunded liabilities monster is massive, and when it comes down to spending cuts, something has got to go.