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Economics 11 min read
Entrepreneurs
Introduction ● An entrepreneur is someone who starts up a business. It could be anything from making and selling jewelry on…
Economics 5 min read
Compound Interest
Introduction Definitions and Basics ● Interest, from the Concise Encyclopedia of Economics ● Interest is the price people pay to have resources now…
General Concepts 1 min read
Programmable Logic Controller – PLC
Hello friends, in this post I am going to start sharing a information related to a new topic Programmable Logic…
General Concepts 3 min read
A Complete Note on Difference between Labview, PLC and DCS
LabVIEW is a graphical programming environment used by millions of engineers and scientists to develop sophisticated measurement, test, and control systems using intuitive graphical…
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…
