KADI

The mercantilists preached that countries should always strive to have a trade surplus and avoid trade deficits at all cost. i That is partly because they viewed the flow of gold as central to economic well-being. Deficits led to an outflow of gold,...

The term “Keynesians” came about because of John Maynard Keynes as his ideas were called ‘Keynesian Economics.’ Keynes lived from 1883 to 1946 and spent his life as a British economist who had “major impact on modern economic and political theory as...

Geostationary earth orbit(GEO) is 22,282 miles above the equator. The orbit is important because it allows a satellite to orbit the earth at a fixed location in relation to the earth. From GEO, three satellites can cover all but the polar regions and...

The Tragedy of the Commons is a type of social trap, often economic, that involves a conflict over finite resources between individual interests and the common good. The term derives originally from a comparison noticed by William Forster Lloyd with...