The elasticity of demand (Ed), also referred to as the price elasticity of demand, measures how responsive demand is to changes in a price of a given good. More precisely,... Read more
There are two types of fiscal policy. The first and most widely-used is expansionary. It stimulates economic growth. It’s most critical to the contraction phase of the business cycle. That’s... Read more
http://hardiwinoto.com One-third of the world’s people among them the Chinese, Rssians, Eastern Europeans, Vietnamese, and Chubans live in socialist or communist economies. These economies are marked by two main features:... Read more
http://hardiwinoto.com A firm is an organization that transforms resources (inputs) into products (outputs). Firms are the primary producing units in a market economy. An entrepreneur is a person who organizes, manages,... Read more
hardiwinoto.com-Kita perlu membangun ekonomi pesantren. jika diperhatikan secara saksama, pesantren adalah sebagai kekuatan ekonomi. hal tersebut jika pesantren dilihat potensinya. Dilihat sebagai produsen sekaligus konsumen Dilihat sebagai sirkulator moneter Dilihat... Read more
Hardiwinoto.com-We need to be able to predict the consequences of alternative policies, and events that may be outside our controle. The tool we use to make such predictions is called... Read more