In Economics, we are taught that companies earn no economic profit in perfect competition. On the contrary, a monopoly is able to raise price and earn excessive profit. In the real world, it is rare to see companies of either these … Continue reading How to Identify Companies with Economic Moats?
We are now living in a time where 2% annual growth in GDP seems nothing more than normal. In emerging economies like China, an annual growth rate of 7% (or even up to two-digit in earlier years) almost becomes the norm. But … Continue reading Economic Growth: History and the Growth of Growth