The chief bank of the United States is the Federal Reserve Bank, comprising of a board of governors in the capital of the country and manages twelve reserve banks at district level. Being the chief bank of the country, it’s … Continue reading
The Federal Reserve Act created in 1913, caused formation of present Federal Reserve Monetary Policy of the U.S. This act of the Congress fashioned its central system of banking aimed at safeguarding the US from fiscal failures by formulating and … Continue reading
Free market or market economic system is best described as an economic system wherein creation and allocation of goods as well services, is not at all or slightly controlled by the government of the country. There is no restriction on … Continue reading
Karl Marx illustrated a number of disadvantages to capitalism. Capitalism that is frequently referred to as free market system is an economic system which most countries of present world are using. The United States is among those countries. There are … Continue reading
When the federal government needs money, it borrows funds from the public by issuing U.S. Treasury bills, bonds and notes. The rats of interest that the Treasury pays the investors are known as treasury bond rates. The ongoing Treasury rates … Continue reading
The Brookings Doha Center, in October, invited Glenn H. Hutchins, co-founder and co-chief executive of Silver Lake Partners, and a trustee of the Brookings over lunch to talk on the swelling of global fiscal crisis. Hutchins recognized economic crisis of … Continue reading
In the wake of ongoing financial crisis in Europe, people are getting uneasy of welfare policies of the government and Europe’s future. Austerity measures taken so far have failed to improve economy of many European countries. Instead, people are more … Continue reading
The three most usual characteristics of an oligopoly are: 1. A couple of large companies dominate one industry 2. These companies sell identical or distinguishable products 3. The companies have significant blockades for other entrants A couple of big companies … Continue reading
Oligopoly refers to the state of market wherein a couple of comparatively big companies get concentrated, meaning a few but big companies are responsible for most of the total amount produced. Oligopoly concentration by itself is not essentially bad but … Continue reading
Anybody having played Monopoly, a highly admired board game, would know what monopoly means. In that game, players aim to acquire all the properties in the same color. In economic terminology, it represents having monopoly over properties of a specific … Continue reading