Economics

These essays explain the phases of business cycles with definitions. It will help you understand the phases (recession, depression, prosperity and boom/peak) and what occurs in each of these phases. It is in a simple and logical format, which makes it easy to understand and follow.

This essay explains what the circular flow is and the relationship that the different participants have with one another in the economy. It shows the links between spending and earning incomes with these different participants and how they interact with one another through the goods and factor markets.