Content tagged with "economics"
Cap And Trade
This is an economic model used to reduce carbon emissions. A government sets a “cap” on the total amount of emissions to be allowed, and they sell “permits” or “certificates” or “credits” which allow organizations to emit a certain amount against that cap. The goal is to slowly reduce the cap every…
Keynesian Economics
John Maynard Keynes was a British economist. He had a lot of theories about economics, but it basically boils down to this – The government has to intervene in the economy. In a rescission, government has to increase spending to increase demand. During a boom, the government needs to reduce…