PinnedOmkar AbhyankarWhat Is Gross Domestic Product (GDP)?GDP, the acronym for Gross Domestic Product, is heard often in economic related discussions or news coverages. Well what exactly is GDP and…4 min read·Jul 17, 2021----
Omkar AbhyankarAggregate SupplyIn the previous article, we talked about the concept of aggregate demand. In this article we will dive into the concept of aggregate…8 min read·Aug 20, 2021----
Omkar AbhyankarAggregate DemandIn previous articles, we have discussed measuring the supply and demand for a particular good. Pursuing this measurement allows for…7 min read·Aug 9, 2021----
Omkar AbhyankarThe Business CycleEconomists often observe how output, the goods and services produced in an economy, change as time progresses to track the health of an…6 min read·Jul 31, 2021----
Omkar AbhyankarPrice Indices and The Inflation RateIt is important for economists to understand when an economy is facing price changes as substantial price changes could cause inflations or…10 min read·Jul 31, 2021----
Omkar AbhyankarInflation, Deflation, and Purchasing PowerIn this article, we will be observing how prices can change over time and how those changes can affect the people of an economy. Overtime…3 min read·Jul 20, 2021----
Omkar AbhyankarTypes Of UnemploymentIn the previous article, we defined what it means to be unemployed and when a person is considered to be unemployed. In this article, we…3 min read·Jul 20, 2021----
Omkar AbhyankarUnderstanding Unemployment RatesUnemployment rates are statistics which are prominent in discussions about the health of an economy and how it is performing. However, this…3 min read·Jul 19, 2021----
Omkar AbhyankarThe Circular Flow ModelIn this article we are going to take a look at how money flows in an economy. We are going to take a look at a model known as the circular…3 min read·Jul 16, 2021----
Omkar AbhyankarPrice Ceilings, Price Floors, and DisequilibriumIn this article we will talk about how the government can intervene in a competitive market and its effects. We know that the market price…6 min read·Jul 2, 2021----