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The Four Types of Market Structure - Quickonomics
There are four basic types of market structure: perfect competition, monopolistic competition, oligopoly, and monopoly.
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The Four Types of Economic Systems - Quickonomics
Four types of economic systems characterize most economies around the world: traditional, command, market and mixed economies.
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The Four Different Types of Money - Quickonomics
There are different types of money. The four most relevant ones are commodity money, fiat money, fiduciary money, and commercial bank money.
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How to Calculate Equilibrium Price and Quantity - Quickonomics
To calculate equilibrium price and quantity mathematically, we can follow a 5-step process: (1) calculate supply function, (2) calculate demand...
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Four Principles of Decision Making in Economics - Quickonomics
Updated Oct 26, 2020Simply put, an economy is a bunch of people interacting with each other. Therefore, the behavior and decisions people make shape the economy they live in. So, to understand how the...
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12 Things You Should Know About Economics - Quickonomics
We have created an infographic that illustrates 12 things you should know about economics. It's kind of like a cheat sheet for Econ 101. Have a look.