Contractionary fiscal policy consists of increasing taxes and decreasing government spending to reduce the budget deficit. It is usually used in response to an economic downturn (recession) or when there is high inflation. Contractionary fiscal policy is so named because it causes a contraction of the economy due to a contraction in …
Contractionary monetary policy (or tight money policy, tight monetary policy) is a type of monetary policy that aims to reduce the money supply. The main objective of contractionary monetary policy is to reduce the rate of economic activity. Contractionary monetary policy benefits The benefits of contractionary monetary policy are that it can …
We will discuss 5 expansionary monetary policy examples in real life across some major economies or countries. But first what is expansionary monetary policy? This policy loosens the conditions of the financial sector so that capital is allocated to entrepreneurs who need it for expansion, instead of sitting idle in banks. Central …
Comparison of monetary vs fiscal policy taking note of the differences and similarities. A simple definition for both fiscal and monetary policies is that they are tools used by government and central banks to regulate the economy in order to control inflation, poverty, unemployment, etc. Below, you will learn the basics of …
The Fascism vs Marxism essay aims at making comparisons and contrasts between the two economic and political systems, highlighting their pros and cons. In this article, we will analyze the similarities and differences between the two terms. Fascism Fascism is an autocratic political movement that lays more emphasis on a centralized and …
What is communism? Communism is a social, political, and economic system in which the entire community in the state is in full ownership and control of all means of production. Each individual’s ability and needs determine their share or redistribution of wealth. In other words, each individual contributes according to his ability …
What is fascism? Fascism refers to an autocratic political movement that emphasizes a centralized and nationalistic system of government above individual interests. Also, it is a political ideology or philosophy that possesses monolithic characteristics. By implication, fascism has an unchanging and rigid structure that does not give room for individual variation. Under …
The purpose of the socialism vs Marxism essay is to compare and contrast the two concepts. This article explains what socialism and Marxism stand for as well as their strengths and weaknesses. This is to help in making their similarities and differences more vivid without any form of ambiguity. Socialism What is …