Recent content by Savetheworld

Nominal GDP is just the total value of goods and produced in the country in that particular year. Real GDP deals with comparing the goods and services produced with another year taking inflation into account. This way we come to know whether there has been an actual increase in goods and...

Nominal GDP is just the total value of goods and produced in the country in that particular year. Real GDP deals with comparing the goods and services produced with another year taking inflation into account. This way we come to know whether there has been an actual increase in goods and...

Why don't you take a couple of courses in economics in college and then decide for yourself. Although models and graphs and formulas are there it may still be quite interesting to you. So, just try out a couple of courses in economics and see for yourself.

It all depends upon what your interests are. If you like finance and economics you could be just about anything in this field. You could make a lot of money as a financial analyst for a big corporation. You could even work for yourself and earn a lot doing consultancy. Of course you would have...

A possible cartel being formed by them. It would exist primarily in an oligopoly and would not occur in a very competitive environment.