What is the Substitution Effect? From the Law of Demand, we saw that for the same good or service, if the price goes down, the quantity demanded goes up and the same thing happens in reverse: if the price goes up, the quantity demanded goes down. The substitution...
What is the difference between Single and Market Demand Curves? The Market Demand Curve is represented by the sum of the quantity demanded of all individuals for that product’s price point. So if Mary and Susan make up for the whole market: If Mary is willing to...
What is International Trade and Public Policy? International trade policy defines the standards, goals, and rules, and regulations of trade agreements between countries. A government establishes an international trade policy that defines actions to be taken in order...
Taxation and Deadweight Loss Overview Governments get paid by enforcing taxes on both producers and consumers. When taxes are imposed, this reduces the quantity of a product that will be sold in the market. And whenever the market is not in equilibrium due to an...
What is Elasticity? In Economics, elasticity measures the percentage change of one economic variable in response to a change in another. Let’s look at this concept with an example: 1. say we have two rubber bands with the same length: rubber band A represents...
What are price controls? The Economy can be left to its own device, letting demand and supply be defined by free markets, or the government can intervene and set price controls. The whole idea is to limit the maximum and minimum prices charged to the consumer. There...
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
