Reading Time: 5 minutes A Comprehensive Guide Economics is a complex field that deals with the production, consumption, and distribution of goods and services. It is divided into two
Reading Time: 3 minutes The demand curve is a graphical representation of the relationship between the quantity of a product or service that consumers are willing and able to
Reading Time: 5 minutes What is the law of demand and how the law works? The Law of Demand is a fundamental concept in economics that explains the relationship
Reading Time: 4 minutes Ever heard economists say “all other things being equal”? That’s ceteris paribus in action! It’s a fancy way of saying they’re isolating the effect of one thing on another, assuming nothing else changes.
Think about gas prices. Ceteris paribus helps predict how a price hike might lead to less driving, if factors like income stay the same. It’s a simplified view, but ceteris paribus helps us understand complex economic concepts.
Reading Time: 5 minutes Definition by Adam smith Adam Smith, the father of modern economics, defined economics as a social science that studies how people use scarce resources to
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Reading Time: 5 minutes In this insightful discussion, Mr. Ibrahim Mekkawy , Head of Learning at WAAD Academy in Jeddah, Waad Academy Schools, a Cambridge school in Jeddah, Saudi
Reading Time: 4 minutes This article explores Apple’s iPhone 16 launch, focusing on its AI-powered features, pricing, and competition with brands like Samsung, amidst declining sales. It highlights both the potential and challenges Apple faces in maintaining its market dominance.
Reading Time: 4 minutes Discover the essential qualities that define a successful businessman, from visionary leadership and financial acumen to adaptability and ethical integrity, guiding you to thrive in the competitive business world.
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