The concept of substitution in economics referring to the switching of consumption from one good or service to another in response to a change in the ratio of prices.
The effect on the demand for a good when the price of another good increases, assuming constant utility.
An exploration of the Sucre, a regional currency introduced in 2009 by a group of Latin American countries.
An economic theory predicting that economic activity can be coordinated with external non-economic events.
An overview of superannuation, its definitions, practices, and significance in the context of economics.
A UK social security benefit that was available on a means-tested basis to ensure income did not fall below a certain level.
The amount of a good or service offered for sale and its determination factors.
An overview of supply-side economics, focusing on its core principles, historical context, and its contrast with Keynesian economics.
A detailed overview of supply-side policies aimed at increasing aggregate supply in an economy.
A comprehensive overview of the term 'surplus' in an economic context
