What are Factors of Production? There are 4 key resources found in an economy. These are: 1. Land 2. Labour 3. Capital 4. Entrepreneurship Land earns rent and is inelastic which means that it is less responsive to the changes in its price, because of its limited...
What is Comparative Advantage vs Absolute Advantage? Picking up where we left off in regards to the concept of scarcity, where we don’t have enough time and resources to do everything, so we need to make choices. Given that each country has different resources,...
A point estimate is a mathematical function used from a sample to derive a value like wages or height in the population. It is a calculation from a sample taken from the main population, trying to give you a value from tha main population. Let’s say we get talke...
In our last article, we talked about the concept of unlimited wants with limited resources, so essentially you have to make an option, as your day has the same hour as everyone else. So by choosing to develop an activity, you are choosing to specialize. This has value...
Basic Economic Concepts The foundation of Economics is that you have unlimited wants and limited resources, so you have to make a choice on how to allocate your resources in order to obtain what you want. Economics is the study of how societies do that. Scarcity...
Track-Record: Working as a consultant since 2004 Sold first company in 2015 Joined the insurance sector in 2017
Current Focus and 2022 Objectives: Candidate to the MDRT €2.0M in Life Insurance Applications 104 Golden Visa Applications 208 SIFIDE II - Tax Applications €100M in Industrial/Commercial Real Estate Transactions
