Tag: Economics
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Kenya’s Economic Journey: Analyzing Growth, Development, and Challenges Through the Years
Kenya’s economy has undergone significant transformations since gaining independence in 1963. The government has implemented a range of economic policies aimed at spurring growth and development. This blog post provides an in-depth analysis of the performance of the Kenyan economy from 1963 to 2021 using a range of economic and statistical techniques. We examine the…
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Understanding Economics through the Works of Stephen J. Dubner and Steven Levitt
Stephen J. Dubner and Steven Levitt are renowned economists who have made significant contributions to the field of economics through their research and writing. Their books, including Freakonomics, SuperFreakonomics, Think Like a Freak, and When to Rob a Bank, provide unique insights into the world of economics and how it applies to everyday life. Through…
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Maximizing Personal Wealth: The Economics of Tracking Income and Expenses
Tracking your income and expenses is essential to maximizing personal wealth, and applying economic concepts can help you to achieve financial success. By following the principles of the income-expenditure identity, budget equation, marginal propensity to consume, and present value of an annuity, you can ensure that your income is being used efficiently and that you’re…