Archives for

Urban Economics

How Urban Economics drive Economic Development

Understanding Urban Economics

Thousands of scholars continue to fascinate and ponder about some answers that continue to evade them; Why do some cities progress rapidly while the others manage on the fringes of progress? Why do some cities do economically well? And, why do some cities falter in terms of progress infrastructurally and economically? Economic development in the

What determines property prices in an area?

what determines property price in an area - location

There is a significant difference between the prices of a property in one area than another. Do you ever wonder why? If not, then you might need to go through this post to know all the details about the factors that lead to the hike of a property in a certain area. Most of the

Ricardo theory of rent

Ricardo theory of rent

Ricardo formulates the “law of rent” around 1809 also known as Ricardo theory of rent . The Law of Rent states that the rent of a land site is equal to the economic advantage obtained by using the site in its most productive use, relative to the advantage obtained by using marginal (the best rent-free) land

Theory of Comparative advantage

In economics, Theory of Comparative advantage refers to the ability of a party to produce a particular good or service at a lower marginal and opportunity cost over another. Even if one country is more efficient in the production of all goods (absolute advantage in all goods) than the other, both countries will still gain by trading with each other,

Urban Development and Climate Change Relationship

Introduction: Urban development is linked to climate change & its effect on climate change is being studied. Various factors which are backbone of urbanisation creates pollution Urban development is defines as the social, cultural, economic and physical development of cities, as well as the underlying causes of these processes. [1] Climate change is a large-scale, long-term