EconGuru Economics Guide RSS Syndication

Get published on EconGuru.com. Start here!

© Copyright 2006 - 2011 EconGuru.com. All rights reserved. Assets marked and linked to the original sources are hereby used for educational purposes only and are copyrighted by their respective owners.

Author Archive

Subscribe to EconGuru.

Deflation Explained

We hear an awful lot about inflation, especially during tough economic times, but what about deflation. The concept of deflation might be foreign to most of us because we hear of it so rarely. Truth be told, deflation is just the opposite of inflation. It can be equally damaging to an economy.

Read the rest of this entry »

Introduction to the Clayton Act

The Clayton Act, also known as the Clayton Antitrust Act of 1914, was introduced to correct some of the inadequacies of the previously passed Sherman Act of 1890. The latter legislation was intended to deal with monopolies once they were found to dominate a given market. The Clayton Act changed the dynamic by outlawing some of the practices that would enable a company to become a monopoly.

Read the rest of this entry »

The Bank Failure Explained

Banks are similar to any other business inasmuch as they can fail or succeed based on the actions of ownership and management. What makes a bank failure different is the fact that it can have such a negative impact on so many other institutions and individuals. It is not like a mom and pop shop where closing would negatively affect only business owners and a few employees. When a bank fails, that failure has a ripple effect that can trouble the entire economy.

Read the rest of this entry »

Why Absolute Poverty Is Not Always a Reliable Measurement

Absolute poverty is an economic measurement that determines an individual’s financial ability to obtain the basic necessities of life. It is also a measurement that used to justify investing monies to help developing countries and, in some respects, even the poverty-stricken in our own country. However, absolute poverty is not always a reliable measurement of need. Why? Because of the units used to quantify poverty levels.

Read the rest of this entry »

What is a Progressive Tax?

The progressive tax system is widely used around the world. It is based on the idea that the more taxable income or profit an individual makes the higher the rate of tax they should pay. The way this system should work is that those who earn the least amount of money should have to pay the least amount of tax – they will pay a lower percentage of tax on their income than the high earners. It is viewed as fair system by many but there are also critics who believe that taxing the rich too much stifles the economy. Read the rest of this entry »

What Is Government Accounting?

Public sector entities in the United States require their own system for accounting. These will be used in all state, federal, and local agencies. Government accounting has its own principles and guidelines. These are provided by the Federal Accounting Standards Advisory Board (FASAB) or the Governmental Accounting Standards Board (GASB). Federal agencies will rely on the guidelines provided by the FASAB while other public agencies will use GASB guidelines.

Read the rest of this entry »

What Is an Omnibus Account?

The word ‘omnibus’ refers to one item that contains inside a number of different items. For example, when we say that a book is an omnibus we mean that it contains a collection of stories possibly by different authors. An omnibus account is also one thing that contains a number of different things, but in this case it is investors.

Read the rest of this entry »

What Are the Most Common Human Resources Issues?

The human resources department can play a huge role in the success of any business. This is because people are the most important resource that any business will have. The work of human resources is vital, but it can also be a real challenge to do things as effectively as possible. There will always be issues that will crop up and these can push the limits of a human resources department to the max. In this article we will be examining the most common human resources issues that are likely to come up.

Read the rest of this entry »

EconGuru Economics Guide

Educating the public since 2006.