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Results tagged with markets
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user 61
A market is an institutional arrangement in which buyers and sellers exchange goods, services, or information in transactions with or without money.
1
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"For a market to exist there must be scarcity" (T/F)
If there is no scarcity, one can produce/has available anything that one wants, in any quantity one desires (that's the definition of "no scarcity"). In such a case, there is no incentive to go into e …
12
votes
Accepted
Can econometrics test for correlation or causality between prices and corruption?
Some related studies:
Al-Marhubi, F. A. (2000). Corruption and inflation. Economics Letters, 66(2), 199-202.
The analysis is based on cross-country data consisting of 41 countries from Asia and Latin …