1). Market Failures And Business Cycles (Part 2) By : R Thotakura
Continued from Part 1 ...
Something reverse can happen which would be even more damaging than the just discussed case. Instead of Consumption growing at a faster rate than Savings, it might so happen that Savings and Investment grow at a much faster rate than Consumption. For example, prior to Great Depression, the importance of aggregate demand as explained by Keynes was not understood.
Article Related to: business cycles, economics, threeway economics, economy, business, capitalism, economic theory
2). Market Failures And Business Cycles (Part 1) By : R Thotakura
The following is the most comprehensive ever explanation to the most mysterious phenomenon of Capitalism – the Business Cycles. In order to ensure that the article can be read by any well educated reader, I have minimized the economics jargon and have added a short and simple introduction to the structure of the economy. Each and every one of us would be interested to know as to why we cannot have a paradise on earth.
Article Related to: business cycles, economics, threeway economics, economy, business, capitalism, economic theory
