EcEconomic conjuncture refers to the fluctuating pattern of overall economic activity within an economy. This concept encompasses cyclical variations in macroeconomic indicators such as production, employment, consumption, investment, inflation, interest rates, and foreign trade like. Cyclical fluctuations arise due to the influence of economic policies as well as domestic and external economic dynamics and typically consist of expansion, peak, contraction, and trough (recession) phases. This cycl
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Melike Saraç

The economics of natural resources is a discipline focused on the extraction, utilization, and sustainable management of limited natural resources. Humanity’s extensive dependence on natural resources—spanning energy production, industry, agriculture, and daily consumption habits—has increased their importance, while their finite nature and limited capacity for renewal have made their proper management an urgent necessity. The role of natural resources in the economy does not merely support econ
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Mesut Altunkaynak
ThDaron Acemoglu and James A. Robinson’s book Why Nations Fail investigates the causes of differences in economic and political development among nations. The authors analyze why nations with similar historical conditions have followed divergent economic and political paths. The book attempts to explain the origins of wealth and poverty through the role of institutions. Book Content Why Nations Fail " image-alternate="" image-element-format="right"> Inclusive and Extractive Institutions The aut
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Ahsen Karakaş
EcOrigin İktizâ has entered Turkish from the Arabic word iḳtiḍāʾ (اقتضاء), which derives from the root ḳḍy (قضي). This term is the masdar form in the iftiʿāl pattern of the verb ḳaḍā, meaning “to rule, to require, to necessitate”. Areas of Use Law: Used to express the rulings or requirements necessitated by a given situation. Administration and Public Governance: Used to denote the necessities arising from decisions or practices. Literature: Preferred to describe the requirements that naturally re
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Fatmanur Mavibaş
CuCustoms tariffs are among the oldest and most significant restrictions placed on the free flow of bad between countries. The economic impact of tariffs is based on the functioning of price mechanisms. They prevent goods that offer no benefit to Country from entering the country and protect newly established young industry sectors against foreign competition. Customs tariffs are classified into two types according to their basis of application: autonomous tariffs and contractual tariffs. 1. Auton
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Melike Saraç
PrDefinition Noun. A price limit or cap imposed by governments or regulatory authorities to prevent the price of a goods or service from exceeding a certain level. This practice is typically intended to protect consumers or ensure price stability. Origin The word "price" entered Turkish from Arabic "fīyāt" (compensation, value). "Ceiling" in Turkish refers to the upper limit of structures and is used in the sense of a maximum bound. The English term "price ceiling" is the source of this concept, a
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Mesut Altunkaynak
LaThe Labor Value Paradox is a debate topic that highlights the internal inconsistencies or limitations of the labor theory of value, one of the foundational pillars of classical economic theories. This paradox is particularly shaped through Adam Smith’s famous “diamond-water paradox”. According to Smith, a good essential for life such as water may have a low exchange value, while a non-essential good like diamonds may have a high exchange value. This situation raised the question of whether the a
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Melike Saraç
PoThe Post-Keynesian School of Economics builds upon the theories of John Maynard Keynes while extending them further. This approach seeks to adapt Keynes’s ideas to contemporary economic conditions, particularly when addressing issues of economic uncertainty financial crises and instability. Post-Keynesians argue that imbalances and uncertainties in the economy cannot be corrected automatically by market forces. Therefore they contend that government intervention and the implementation of appropr
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Melike Saraç

Economy in Minutes is a work by Niall Kishtainy belonging to the “Popular Science” and “Minutes” series. Presented under the subtitle 200 Core Concepts Explained Instantly, the book is a study that presents fundamental economic concepts alongside visual aids. It aims to summarize theories about how economies function and are managed. Subject The book’s subject is the basic functioning of the economy. It addresses fundamental questions such as what makes some people richer than others, why banks
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Muhammed Samed Acar
EcEconomic crisis refers to sudden, severe, and negative disruptions in a country’s economic activities. It typically manifests through significant contractions in production, consumption, employment, investment, and financial markets. However, to classify any situation as a crisis, it is essential to understand the fundamental elements or characteristics of a crisis benefit. Key Characteristics of Economic Crisis Unpredictable Developments: A crisis arises when unforeseen or unexpected events pro
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Melike Saraç