EXCHANGE

In this article of My Economy Guide , we will cover the concepts of foreign exchange , appreciation and preference , interest and inflation , relative income and speculation . This article will help you understand the economy and exchange rates. First, let us briefly define the exchange rate. The exchange rate is the current price of one country currency compared to another country currency. When a currency […]

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ECONOMY AND TRADE

Trade is one of the most important issues for the economy. The birth of trade, different perspectives on trade and a lot of information about trade models are included in this article of My Economy Guide. If you haven’t read our previous articles before this full article,  What is Economy?  and  Production Factors  . BIRTH OF FREE TRADE Firstly, it will […]

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WHAT IS ECONOMY?

In order to learn a lot about economics , finance and money , it is important to first understand what the economy is. You can easily learn what the economy is through my Economy Guide . DEFINITION OF ECONOMY Scarcity is one of the most important factors leading to the existence of economics. Famine has and will exist throughout history. Of course, in some places with the effect […]

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DISINFLATION AND DEFLATION

In this article, we will talk about disinflation and deflation which are not known in daily life but should not be missed in the field of economy . In order to understand the concepts of disinflation and deflation, the relationship of which can be understood from the word structures , you must have enough information about inflation . Let’s look at disinflation and deflation under […]

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ECONOMY AND COMPETITION CONCEPT

My Economy Guide continues to provide you with lots of information about the economy , finance and money . In this article, we will talk about the concepts of Perfect Competition, Imperfect Competition, Monopoly and Oligopoly. In addition, in order to understand the markets better, you should read our Supply and Demand in Economy .   FULL COMPETITION Full competition is a concept that is not actually found […]

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PRODUCTION FACTORS

My Economics Guide will explain in detail the factors of production in this paper. In our previous article, we examined the concept of economy. If you have not  read this article click here to read  . WHAT ARE THE PRODUCTION FACTORS? The more technical version of the expression of our own resources in daily life are factors of production. In general, production factors consist of four basic concepts. Soil (Natural Resources) Labor (Labor) […]

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