Economics

Another great example of government's attempt to intervene in the market. Home Secretary Jacqui Smith encourages police to make public t...

The two main types of monopoly are the natural and the pure monopoly. The former is where one firm can produce a certain level of output at ...

Monopoly Diagram Monopsony Diagram Trade Union Diagram Lorenz Curve (Gini Coefficient) Profit Maximising Oligopoly (Kinked Demand Curve) E...

The Lorenz Curve A graphical device for illustrating the extent of inequality in a society. The curve plots the percentage of a nation...