Category : economics
Interest rate controls – Positive and Negative effects

Introduction to interest rate controls Interest rate controls protect consumers of credit from high interest rates charged by the financial institutions. On the other hand, a price control refers to a deliberate attempt by the government to set either a minimum or maximum price for a commodity or service in the economy. Maximum prices are … Continue reading Interest rate controls – Positive and Negative effects

Externalities – Meaning, Types, Causes, Consequences and Solutions

Introduction to Externalities Since time immemorial, good human values require every person to be considerate of their neighbor as they go about their daily activities. Thus before carrying out an activity of any type – socio-economic or otherwise – one should ask what impact, negative or otherwise, this activity is likely to have on a … Continue reading Externalities – Meaning, Types, Causes, Consequences and Solutions