Introduction The free rider problem occurs when individuals benefit from a shared resource or public good without contributing their fair share Are you sick of making all the effort while others profit? Do you ever feel like you're being taken advantage of at work, school, or in relationships? Fig 1: Free Rider Problem You may be dealing with the free rider issue if this is the case. It's an aggravating condition that can breed hatred, lack of motivation, and, eventually, a breakdown in cooperation. But why is there a problem with free riders, and what can be ... Read More

Introduction If the government spends more than the available funds in the account, it goes into fiscal deficit. The respective government determines the total outlay at the end of the financial year. Fiscal deficit can be computed by subtracting total revenue from total expenditure. Fig 1: Government spending on multiple categories This value throws a light on government spending and projects the financial health of the economy on a whole. Situations like these occur due to high unemployment, uncollected loans lend to business at the time of financial crunch, recession, global market crash, etc. Define Fiscal Consolidation Fiscal ... Read More

Introduction Fed hike refers to the Federal Reserve's decision to increase interest rates, which can significantly affect the economy and financial markets. This tutorial overviews the Fed hike and its impact on inflation and financial products. The Federal Reserve's decision to raise interest rates can significantly impact the economy, affecting everything from borrowing costs to consumer spending. Many individuals and businesses wonder how the recent announcement of a possible interest rate increase will affect their financial plans and objectives. Define Fed Hike An increase in the benchmark interest rate set by the Federal Reserve is referred to as a ... Read More