An explanation of why national income equals national expenditure, again as a stepping stone to the next post.
Tag: inventory
A brief explanation of how GDP is calculated, to lay a foundation for the next two posts.
It’s now been 16 weeks of posting every Friday, and I’ve reached the end of a series of posts setting out some fundamental concepts. I…
Over the last 2 weeks I have given a brief overview of financial assets and their vital role as the main form of saving in…
Last week I used a model of a very simple economy – cash only, no innovation, nothing ever changing – so that we could see…