The global economy is melting down. Catastrophic disruptions like the one coronavirus containment measures are visiting on industries, business and workers are already producing tremendous pain. It will likely get worse, along with the already devastating human toll. Problems like the one we are experiencing now also create unprecedented opportunities to remedy distortions in the eco-economic system – […]

When we are talking about goods in terms of economics, we are talking about all the products or materials that satisfy humans’ wants or needs and provides utility-the level of satisfaction and benefit that consumers gain from purchasing that good. There are 4 different types of goods and each of them have similar as well […]

Due to the outbreak of Coronavirus or COVID-19 many industries, restaurant, company, school or organization has closed to prevent from the spreading of virus. The global economy has shifted which affect millions of people around the world. Some countries are on lock down while some others countries are practicing social distancing or quarantine. It is […]

First, Externality An externality is an economic term referring to a cost or benefit incurred or received by a third party. However, the third party has no control over the creation of that cost or benefit. An externality can be both positive or negative and can stem from either the production or consumption of a good or […]

In the past decades we have seen the advancement of technology. A topic whether AI( Artificial Intelligence) will replace human worker or not has discussed through out the time. However, as for now even though there are new technologies but we can see that Robots are not completely take over the world yet. Still, there […]

Education is really important to us all, because it plays important roles in our lives. We need to be educated in order to live a better and meaningful life. It completely transforms us from inside and outside by changing our mind and personality, as well as improving our level of confidence. This is totally changing […]

What is a derived demand?  Derived demand is an economic term describing the demand for a good/service resulting from the demand for an intermediate or related good/service. It is a demand for some physical or intangible thing where a market exists for both related goods and services in question. The derived demand can have a significant […]

In recent decades, more and more people migrated into a new country for various reasons. In the past years, people immigrated because of the war, as for now individuals move into a foreign country to discover and experience a better lifestyle. US is one of the top destination for the immigrants since they believe they […]

Cambodia, a nation located in the South East Asia which lies near the Gulf of Thailand and the Mekong Delta with its neighboring countries include Thailand, Vietnam, and Laos. The Capital city of Phnom Penh, consists of many places that are considered as tourist attractions such as the Central Market, The Royal Palace, and the […]