The economic outcomes under market failure deviate ... Many types of imbalances can affect the equilibrium of the markets. The following list provides an overview of some common causes of market ...

Economic theory developed considerably between the appearance of Smith’s The Wealth of Nations and the Great Depression, but there was no separation into microeconomics and macroeconomics. Economists ...

GNP is related to another important economic measure called gross domestic product (GDP), which takes into account all output produced within a country's borders regardless of who owns the means ...