World economic crisis and trend of the Russian companies and consumers to cut costs, reducing buying the unnecessary services and goods or looking for the lower price substitutions. Service provider: Training company Liona (http://www.liona.spb.ru/). One of the largest training and educational providers in Saint Petersburg, main area is corporate training for personnel efficiency improvement, sales, time management, motivation. Normally what we can suggest about trends in […]

Last year, “Promising economic indicators” is a headline in the front page of a Hungarian newspaper. The economists, government representatives and many politicians said that Hungary’s economy is growing. Growing half times as it should be. In reality and if economics can only speak, Hungary was in big trouble and in the verge of economic collapse last year. The economic crisis of Hungary led the […]

What Caused Economic Crisis? Readers Questions: What are the factors that makes today’s economic crisis? Which of them are the most important in today’s economic crisis? Some of the most significant factors in causing today’s economic crisis: A glut of saving from Asia. A glut of savings poured into US and similar countries like I-J. This kept US interest rates low and encouraged high levels […]

Mexico is the most advanced and developed nation in the Latin America, with a population over 96 million and per capita income about $3970 USD, it’s income ranges to the upper middle class in the Latin America. During the 60s and 70s the GDP grew by 3.5% annually, but then the crisis of 80s completely reversed the process and the whole Mexican economy went upside […]

What determines whether or not a resource is scarce? Why is the concept of scarcity important to the definition of economics? The determination of whether a resource is scarce is its supply in relation to demand such as land, labor capital and human capital. If there is not sufficient amount of resource to satisfy the demands, then resources are set to be scarce. On the […]