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Ideas and explainers from across SenseCentral.

Economics 10 min read

Money

Introduction Definitions and Basics ●      Money, at About.com ●      Money is a good that acts as a medium of exchange in transactions. Classically…

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Economics 10 min read

Balance of Trade and Balance of Payments

Introduction Definitions and Basics ●      Balance of Payments, from the Concise Encyclopedia of Economics ●      The balance of payments accounts of a country record…

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Economics 15 min read

Barriers to Trade

Introduction ●      A barrier to trade is a government-imposed restraint on the flow of international goods or services. Those restraints are…

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Economics 3 min read

Insurance

Introduction Definitions and Basics ●      Insurance, from the Concise Encyclopedia of Economics ●      Insurance plays a central role in the functioning of modern economies.…

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Economics 9 min read

Employment and Unemployment

Introduction Definitions and Basics ●      Unemployment, from the Concise Encyclopedia of Economics ●      Each month, the federal government’s Bureau of Labor Statistics randomly surveys…

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Economics 11 min read

Business Cycles

Introduction Definitions and Basics ●      Business Cycles, from the Concise Encyclopedia of Economics ●      The United States and all other modern industrial economies experience…

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Economics 5 min read

Aggregate Demand

Introduction Definitions and Basics ●      Keynesian Economics, from the Concise Encyclopedia of Economics ●      Keynesian economics is a theory of total spending in the…

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Economics 4 min read

Aggregate Supply

Introduction Definitions and Basics ●      Aggregate Supply, at Answers.com ●      The total supply of goods and services produced within an economy at a…

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