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Topics
Price Elasticity of Demand (PED) measures the responsiveness of quantity demanded to changes in price. A formula yielding a PED value is given and a number of factors controlling the PED value are examined. Income elasticity of demand is also explained.
Money and Banking
The functions, characteristics and creation of money is examined in this article. There is a description of the functions of the Central Bank and how it implements monetary policy.
Market Structures
The functions, characteristics and creation of money is examined in this article. There is a description of the functions of the Central Bank and how it implements monetary policy.
