The functionalist approach to money
The approach to money based on the functions it performs is a theoretical construction that is legitimately criticized for its inability to identify the...
The entrepreneur: actor of entrepreneurship
Innovation is achieved by the entrepreneur who takes risks and who organizes his development, in short who "undertakes".
The entrepreneur is the essence or the...
The functionalist approach to money
The approach to money based on the functions it performs is a theoretical construction that is legitimately criticized for its inability to identify the...
Confidence in money: the basics
Money is the only asset in an economy that has general liberating power. It is the institution that makes market relations possible and that...
Consume today or consume tomorrow?
Certain cultural goods have a high cost and require either to reduce one's consumption first in order to save and be able to buy...
Difference Between Accounting Profit and Economic Profit
The economic theory of corporate behavior is based on the assumption that the objective of the firm is to maximize its profit. So we...
Economic Rent VS Economic Profit
Microsoft Chairman Bill Gates is the richest man on the planet largely because the compatibility issue prevents rival vendors from competing effectively in the...
Difference Between Accounting Profit and Economic Profit
The economic theory of corporate behavior is based on the assumption that the objective of the firm is to maximize its profit. So we...
Economic Rent VS Economic Profit
Microsoft Chairman Bill Gates is the richest man on the planet largely because the compatibility issue prevents rival vendors from competing effectively in the...
What are the main schools of macroeconomic theory?
Macroeconomic theory is a large and complex field that encompasses different schools of thought. Here are some of the main schools of macroeconomic theory:
The...