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Welcome to QazEconomics! Here we are going to share our knowledge about the economy, as well as highlight the current economic problems of Kazakhstan.

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Articles

How Does Monetary Policy Work?

Key terms: Inflation - A general increase in prices in an economy and consequent fall in the purchasing value of money. Monetary policy -...

Minimum wages are rising around the world

Key terms Price floor - minimum price imposed by the government at a level above the equilibrium price in a free market, resulting in...

Dealing with air pollution in different countries

Key terms Negative externality of production - negative effect of production on third parties, who are not a part of the transaction,...