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Government policies primarily affecting business consist largely of decisions affecting market regulation and public spending. For some businesses, higher than average levels of regulation are likely to b...

    When inflation is due to being cost-push, the government uses supply-side policies, which manipulate and influence the supply curve in the long term, to increase the level of aggregate supply, as ment...

By technical definition a monopoly is a firm which holds 100% of a market, however in the UK the competition authorities define a legal Monopoly as a firm holding over 25% power within a market. Monopolie...

It’s very important to understand the meaning of those two concepts and the difference between them. We could consider demand for apples in for example a small village or a shop, but when we talk about ag...

      One of the main macroeconomic goals of an economy is to keep unemployment levels low. Unemployment is the state when people who are actively seeking a job are unable to find one. A government hopes ...