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Author: Prabhu TL.
Prabhu TL is a SenseCentral contributor covering digital products, entrepreneurship, and scalable online business systems. He focuses on turning ideas into repeatable processes—validation, positioning, marketing, and execution. His writing is known for simple frameworks, clear checklists, and real-world examples. When he’s not writing, he’s usually building new digital assets and experimenting with growth channels.
← Explore all topics Economics 9 min read
Government Budget Deficits and Government Debt
Introduction Definitions and Basics ● Government Debt and Deficits, from the Concise Encyclopedia of Economics ● Government debt is the stock of outstanding…
Economics 12 min read
Government Failures, Rent Seeking, and Public Choice
Introduction Definitions and Basics ● Rent Seeking, by David R. Henderson, from the Concise Encyclopedia of Economics ● “Rent seeking” is one of…
Economics 15 min read
Market Failures, Public Goods, and Externalities
Introduction Definitions and Basics ● Definition: Market failure, from Answers.com ● An economic term that encompasses a situation where, in any given market,…
Economics 5 min read
Roles of Government
Introduction Definitions and Basics ● Public Goods and Externalities, from the Concise Encyclopedia of Economics ● Most economic arguments for government intervention are…
Economics 8 min read
Fiscal Policy
Definitions and Basics ● Fiscal Policy, from the Concise Encyclopedia of Economics ● Fiscal policy is the use of government spending and taxation…
Economics 2 min read
Economic exchange
Economic behaviour involves the exchange of one scarce resource for another. When people engage in paid work, they exchange their…
Economics 10 min read
Income Inequality
Definitions and Basics ● Robert Frank on Inequality , podcast on EconTalk. November 15, 2010 ● Robert Frank of Cornell University talks with…
Economics 15 min read
Income Distribution
Introduction ● Income distribution refers to four different topics in economics. See also the related College Economics Topic, Income Inequality. When you…
Economics 9 min read
Economic Development
Introduction Definitions and Basics ● Third World Economic Development, from the Concise Encyclopedia of Economics ● The development experiences of Third World countries since…
Economics 7 min read
Productivity
Introduction Definitions and Basics ● Productivity, from the Concise Encyclopedia of Economics ● Productivity—the amount of output per unit of input—is a basic yardstick…