Posts by Douglas Ha

Karl Marx, the master economist who fathered the theories of communism and socialism also developed the economic concept of Wage-Labour and Capital. He claimed that the “rapid growth of productive capital…

Coffee is a beverage of Titans because it has fueled workforces for centuries, so much that the United States workforce is now incredibly dependent upon this dark brew today. Beginning…

The study of economic bubbles have arguably originated to the story of 'Tulip Mania', which was a period in the Dutch Golden Age during which prices for bulbs of the…

Besides terms and rates of mortgages, what types of mortgages are there? Currently there are Government Sponsored Entities (GSE), Government agencies, tenure and payment amount frequency types. The first is…

A mortgage is a loan used to buy a piece of property. Typically, a mortgage is secured by the property; if the borrower defaults by refusing to make payments on…

The Production Possibilities Curve acts as the maximum levels of output of two kinds of goods (capital and consumer) developed by the firm sector. As you can tell from the…

Economics is the study of how people make choices under conditions of scarcity. Lack of resources including land, labor, capital, and entrepreneurship is what makes thus scarcity which gives us…

Before the Great Recession of 2007, United States had peaked at the highest level of consumption the world had ever seen. It was especially due to the low unemployment rate…

I am sure I'm not alone when I felt that algebraic functions seemed to be rather tedious and impractical in daily use throughout my High School career. Technically I was…

When we are dealing with buying and selling items the simple profit function isn't nearly enough, especially when owning your own merchandising business. Today, businesses have the resources to purchase…