Gross value added (GVA)
Posted inEconomics

Gross Value Added (GVA) Definition & Analysis

Gross Value Added, known by its acronym GVA, is a macroeconomic magnitude that measures the total value created by a sector, country or region. That is, the value of the set of goods and services that are produced in a country during a period of time, discounting indirect taxes and intermediate consumption.
In which country is it easier to start a business?
Posted inBusiness and Management Economics

Which Country Is Best to Start a Business?

The term business comes from the Latin negotium, a word formed by nec and otium ("what is not leisure"). It is about the occupation, the work or the task that is carried out for profit. Among the most notorious debates within the economic world, it is worth highlighting the debate that faces those economists who are more in favor of a market economy, and other economists, who demonstrate less confidence in "the invisible hand" of Adam Smith and, therefore, they propose a planned economy model. A very widespread debate across the planet, which, to date, has not found a valid conclusion.
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.