Economics

Emerging countries vs developing countries are distinct in several ways such as level of economic growth, market size, and income.

The importance of emerging markets cannot be overemphasized especially with their ever-growing population size and economic growth. These two factors

Different kinds of economies exist in various parts of the world such as developed, emerging, and developing economies. These economies

Every market has features that distinguish it from others, it also has inherent pros and cons for producers and consumers.

Even though several companies that produce similar goods operate under monopolistic competition and barriers to entry are relatively low compared

Most existing markets in the world today are monopolistic competition with several businesses offering similar products and services to consumers.

The monopolistic market structure is one of the four major types of economic market structures. The market structure defines how

Common examples of countries with traditional economy include Bhutan, Haiti, and Papua New Guinea. The traditional economy is the oldest

Traditional economy advantages range from cultural preservation to the development of a highly skilled workforce in the various aspects that

Every economy in existence operates a particular economic system. There are basically 3 economic systems which include; a command economy

Which nation has a command economy? Quite a number of nations have had a command economy in the past including

All the countries in existence do operate an economic system that guides how economic activities are carried out within them.

Does socialism work? Socialists believe that the resources available in any given society at any point in time should be

The terms Marxism vs socialism vs communism refer to sociopolitical and economic systems that are often wrongly used interchangeably by

There are different forms of socialism ranging from democratic socialism to more authoritarian forms such as communism. Although the common