Economic Region – What is it, concept, characteristics, examples


We explain what an economic region is, its characteristics, function and examples from around the world. In addition, other types of regions. What is an economic region? When we speak of an economic region, we refer to an area of ​​the Earth’s surface in which a certain type of productive activity is carried out, for … Read more

When and where is the CPI published?

Many times we refer to the CPI to talk about the variation in prices in a specific country or territory. Thanks to it, we can know how much the average cost of consumption in households and families has increased or decreased. Therefore, it is necessary to know who is in charge of carrying out these … Read more

Real GDP and nominal GDP

In calculating GDP we find two possibilities: When a year is determined as the base year, it is called Real GDP or GDP with constant prices. On the other hand, if the prices of that year are used, the GDP obtained is called Nominal GDP or GDP with current prices. What is the difference between … Read more

Largest economies in the world


In this article we can find a list with all the countries of the world ordered according to their nominal GDP . The first country on the list and therefore the country with the greatest economic power in the world is the United States. In second place would be the European Union if it were … Read more

What is Austerity

Austerity is a concept widely used in the economic field when referring to the application of an economic policy based on reducing public spending and increasing taxes. The basic scheme of economic austerity lies in the greatest possible reduction in public spending and the increase in fiscal pressure on citizens and companies in a given … Read more

Buy a house in Mexico from the United States


According to INEGI, international migratory movements are mostly carried out by men, although in recent years women have gradually increased their migration to other countries, and it is the same INEGI that admits that people go to other places looking for better living conditions that include changes in family, economic, cultural, social, political conditions, fleeing … Read more

What is Economic Underdevelopment

The word economic underdevelopment is formed by applying the prefix sub, whose meaning is “below”, to the word development, to refer to what is below development. In the economic sphere, there is talk of development, alluding to countries with certain social welfare obtained thanks to their productive capacity. In this sense, it can be said … Read more

Coronavirus will lead to recession and economic slowdown

Although no one saw an economic recession coming from the hand of a virus, it is still the chronicle of an announced crisis. On the horizon of the world economy plans the loss of a trillion dollars, at best. Overcoming this crisis will require not only macroeconomic measures, but also corrective policies and institutional reforms … Read more

Tax Identification Number (TIN) – Definition and concept

The tax identification code (TIN) is the alphanumeric code that, until 2008, was assigned to Spanish companies and legal entities as identification or identity number. The tax identification code (TIN) is a code made up of numbers and letters. This code has been used, until its repeal in 2008, to identify Spanish companies, as well … Read more

Economic ratios for sustainability


Economic ratios can help us achieve a more sustainable future. To move towards a greener and environmentally friendly economy model, we need to make better use of resources, promote stability and competition, develop skills and reward work, and provide goods and services that meet the needs of consumers and minimize their impact on the environment. … Read more

Social audit – Definition, what it is and concept


The social audit is the evaluation carried out in companies or institutions throughout type regarding the effect of their social or ethical actions or projects on their Operation and economic sustainability. Often the social audit is a mechanism to take stock that starts up the mercantile societies or many public organizations about their social action … Read more

What is economic underdevelopment


The word economic underdevelopment, is formed by applying the sub prefix, whose meaning is “below”, to the word development, to refer to what is below the development. In the economic field, we talk about development, referring to countries with certain social welfare obtained thanks to their productive capacity, in this sense, it can be said … Read more

Financial income – Definition, what it is and concept

The financial income is that income from the efforts in financial operations. So financial income constitutes an amount of income in favour of a certain activity derived from the investment of financial capital. Naturally, the flow and amount of this income depend on good financial management. For companies, this is a very important issue. Since … Read more

Home economics – Definition, what it is and concept


The domestic economy or family economy is the branch or area of ​​economic science that is responsible for the study of the economy of the home and our community. Domestic economics, also known as family economics, encompasses a wide range of subjects of study. The home is a unit of management and economic activity. She … Read more

Intangible Assets (What is it, Characteristics and Configurations)

The intangible assets are assets under which are under the ownership of a company that are not tangible, ie can not be physically perceived. They are considered as assets since they generate an economic return to said company. Also, being part of the market value of the company, they are taken into account in its … Read more

Macroeconomic indicators: beyond GDP

The macroeconomic indicators they are economic statistics that are periodically released by government agencies and private organizations. These indicators provide information on the economic performance of a particular country or region and, therefore, have a significant impact on the foreign exchange market and commercial operations. Most important of macroeconomic indicators Is he macroeconomic indicator more … Read more

Collaborative Economy (Advantages And Disadvantages)

The Collaborative Economy is a form of exchange between at least two parts basically. One that has something and another that needs that something. The principle is that by avoiding the use of money, both parties obtain a benefit. One of the parties can get that something they need, in exchange for a good or … Read more

Economy for the Common Good – Definition, what it is and concept

The Economy for the Common Good (ECG) is an economic, social and political model based on the values ​​of human dignity, social justice, environmental sustainability and democracy. In 2010, Christian Felber and colleagues began in Austria the “Economy for the Common Good” movement as an economic and social model built through dialogue and democracy. This … Read more

What is Venture Capital


Surely in recent times you have heard on more than one occasion the concept of “venture capital”, but do you know exactly what it is and what advantages it offers you? If you have a small or medium business that is starting to emerge, take good note because you are interested in venture capital. Venture … Read more

Medium of exchange – Definition, what it is and concept


A medium of exchange is a unit of measure that allows an exchange of goods or services at a specific time and place and that is accepted by all participants. In a simple way, it is a way to exchange merchandise with the intermediation of vouchers or similar that reflect the value of these. The … Read more

Human capital education and economic growth

Summary The objective of this research is to contribute to the analysis of why the education of human capital is essential for economic growth in a country, based on the premises of human capital as a generator of growth and well-being, for which the present study develops a methodology to measure the economic growth of … Read more

Laissez faire – Definition, what it is and concept

Laissez faire is a phrase originated in France in the eighteenth century and means let them do or let them work freely. It was used formally for the first time by Vincent de Gournay, who was an economist French, since it preceded the Physiocracy school of Economy. Initially, it emerged in France as a rejection … Read more

Normative economics

Regulatory economics is responsible for proposing recommendations, policies and actions based on subjective personal judgments or on “what should be.” For this it is based on economic theory. Normative economics identifies what objectives are desirable and then apply knowledge of the positive economy to achieve them. The choice of objectives depends on the ethical and … Read more

Excess liquidity – Definition, what it is and concept

Excess of liquidity From a macroeconomic point of view, it is a situation in which the banking system has more money in circulation than the banks demand and this generates an excess of money supply. From the microeconomics it is a situation in which the company has an excess of treasury that does not produce … Read more

Economic Fundamentals – Definition, what it is and concept

The foundations, in the economic and financial field, are all qualitative and quantitative variables that must be included for the assessment of a business or active. That is, the fundamentals are all the factors that economics agents they must take into consideration when defining an investment strategy or making projections. For example, in the case … Read more

Differences between economic growth and economic development

While the terms “economic growth” and “economic development” can be misunderstood as the same, the reality is different. And it is that in fact, they are different definitions, that although they share certain similarities they are not essentially the same. But we must also consider that both are part of the economy of nations, and … Read more