DefinitionNormal backwardation, also sometimes called backwardation, is the market condition wherein the price of a commodities' forward or futures contract is trading below the...
What is imperfect competition and why does it exist
Imperfect competition is a type of market structure where there are not enough buyers or sellers...
DefinitionIn monetary economics, the quantity theory of money states that the general price level of goods and services is directly proportional to the amount...