A Goldilocks economy is an ideal economic state where every thing is economic stability. There is optimal growth, low inflation, full employment, balanced saving and spending. In such an economy, there is no risk of high inflation or recession. In the economic climate, there are three basic conditions: hot, cold and warm. A hot climate […]
Economics
Types of Market Structures Explained
Market structure refers to how a market is setup, its organizational characteristics and the level of competition within the market. Market structure influences pricing, product differentiation, and other market dynamics. Perfect Competition In a perfect competition market structure, there are many buyers and sellers. There is no one big seller that dominates the market. Monopolistic […]