Tag: Economics

What is economics Economics is a new science and according to Heilbroner (1999) the  first economist was Adam Smith who lived in the late eighteenth century.  Economics is also called the...
Law of supply and demand Supply and demand are probably the most recognized economics related   words. Even though they are commonly used, the true definition is   probably a little different from...
Pay in public companies For many years politicians have been complaining about the perceived over-paying of management in public companies. Everyone has heard about the huge golden handshakes given...
Living Wage The subject of “living wages” or higher minimum wages has sparked vigorous debate in every city or state where the issue has been put on the ballot. The subject invokes...