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What is Poverty?

Most of us probably think that we have a good idea of what the word ‘poverty’ means. If we really think about it though we may find that our understanding isn’t as clear as we might have first thought. What actually defines people as living in poverty? Is it not having enough to eat? Do we mean people that can’t afford health insurance? Is somebody who doesn’t have their own motorized transport to be considered poor? What about people who have plenty to eat but don’t own their own home? Is lack of opportunity a form of poverty? The more we try to define poverty the harder it can be to decide what it actually refers to.

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What is a Tariff?

The word ‘Tariff’ is Arabic in origin and it basically means ‘that fees need to be paid’. When we use the word ‘tariff’ in economics we are referring to a tax that is placed on imported goods, but it can apply to exported goods as well. There are a number of good reasons why a tariff might be placed on goods, but there are economists who argue against the use of this type of tax – they see it as interfering in the free market.

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What is the Glass Ceiling?

Many of us will have heard the words “glass ceiling” used as a metaphor to describe how people are unable to pass beyond a certain point. In economic terms this glass ceiling refers to the situation where a person is unable to climb any higher in their profession because of their race, gender, sexual preference, religion, or other factor. It is a contentious issue, but there is little doubt that such blocks to advancement do exist in at least some organizations. During the last few decades there has been a lot of effort to make the playing field a bit fairer, but people will disagree about how much this happened – all though few would doubt that there have been improvements.

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What Causes Inflation?

If you follow the economic news you will probably have heard the word inflation, used many times; it has also become part of our everyday vocabulary. Despite the fact that most of us will be familiar with the word, we may be a bit unclear about exactly what this is or what causes it to happen. This is a topic that is much debated and of great concern to economists, politicians, business owners, investors, and others. It is something that may be of concern to everyone as inflation can impact us all in one way or another.

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What is Keynesian Economics?

John Maynard Keynes was a British economist who wrote extensively during the 1920s and 1930s. His work is still considered important today and has since become referred to as Keynesian economics. Up until the 1970s his ideas had a huge impact on government economic intervention in Europe. The economic collapse of 2008 saw Keynes’ ideas once again enter the spotlight, but there has also been a public backlash against the interventionist policies he favored.

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What is Market Efficiency and Why is it Important?

Market efficiency is a term that you may have heard economists use. Some explanations of what this means can sound quite convoluted, but it really isn’t too hard an idea to grasp. Market efficiency is not only something that is important to economists but if you invest money then it is also something that might concern you too.

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Top 6 Best Environmental Economics Books Reviewed

In recent years there has been increasing concern about the environment and how it is affecting our lives. This rising concern has been reflected in academia with different branches offering their own analysis. It is hardly surprising that economists would have views on this subject and there has been many texts released which deal with this topic. Here are just six of the best environmental economics books reviewed.

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Top 5 Best Economics Analysis Books Reviewed

If you are trying to get to grips with economics analysis then you find plenty of good books to help you do this. What follows are just five of the best economics analysis books reviewed.

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