As a college student, textbooks form one of the largest percentages of expenses (excluding tuition and housing). When does it make sense to buy and when does it make sense to rent?
When borrowers borrow funds directly from the financial market without using a third-party service, such as a financial intermediary, it is called direct finance.
Money is anything that is generally accepted as payment. Ex: cash or checking account. A double coincidence of wants is necessary to facilitate the trade of goods and services.
Trade around the world is becoming increasingly barrier-free, but there are still many people who think that free trade is bad for the economy.
There are three different Theories of Efficiency that we are going to focus on. The first Theory of Efficiency is Pareto efficiency or Pareto optimality. The second is the Kaldor–Hicks improvement, and lastly the Zero-profit condition or Zero Profit Theorem.
A firm or individual’s decision for allocating its wealth amongst assets is known as the Theory of Asset Demand or Portfolio-Choice Theory.