Value Added – Meaning, Definition & Concepts
Posted inEconomics

Value Added – Definition, Types & Concepts

The added value or value added is the additional utility that has a good or service as a consequence of having undergone a transformation process. In other words, the value of a product or service is worth more than the sum of the resources used. This transformation process from a series of elements to a final element produces added value.
Posted inBiography Economics History Studies

William Stanley Jevons | Biography, History, Theory & Political Economics

William Stanley Jevons was an English economist and logician, known for pioneering the Marginalist Revolution and for his use of the differential calculus in economics. William Stanley Jevons (1835-1882) was born in Liverpool to a wealthy merchant family. He entered  University College London , but due to the bankruptcy of the family businesses, he had to withdraw from studies and travel to Sydney, Australia to work for several years at the Mint.
Posted inEconomics

Public Debt | Definition, Features, Types & Effects

The public debt is the total amounts of debts by the State or a Country to another Country or Organizations which have accumulated with the passage of different governments and which have been requested in order to obtain greater financial resources.