How do we grow our money? We all know that unfortunately, we can’t grow our money on trees. But there’s a way to have more… Read More »If money doesn’t grow on trees, how and where does it grow?
By definition, money is anything that is accepted as a medium of exchange. When we use the term “medium of exchange,” we mean we can… Read More »What makes money, money?
Our economies are complex, but by making some simple assumptions, we can focus on what is most relevant in explaining something. For this reason, economists… Read More »What role do models and graphs play in economics?
The answer to this complex question is simpler than you might think. Do you think a business can charge whatever price it wants, to get… Read More »How price of anything is set?
If I asked, “What’s the interest on your savings account?” many of you will tell me the interest rate that the bank is stating. However,… Read More »What are our real earnings when we deposit money in our savings accounts?
