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the last 3 recessions. With plummeting share prices making headline news, it is worth considering the impact of the Stock market on the economy. How much should we worry when share prices fall? How does it impact on the average consumer? an...
we face today and the way we address this challenge will shape our future. The amazing economic power of cities seems an obvious fact. But looking at some numbers always helps to grasp its real dimension. 83% of the population in OECD coun...
where some individual or assembly notifies every individual what to manage with their goods; persons all work simultaneously, and the items and services that are made are designed, and circulated, by the government. These are occasionally ...
of Latin America Latin America has been one of the most prosperous regions among the emerging economies in terms of many indicators, including per capita income (Boyer, 2004, 23-40). For many years, it grew at a faster rate than the rest o...
and surpluses can help stabilize economy. If economy enters the recession will fall as income taxes and employment. At same time, public spending will increase as people receiving unemployment benefits and other transfers such as welfare p...
States is the world's largest national economy. Its nominal GDP was estimated to be nearly $14.7 trillion in 2010,approximately a quarter of nominal global GDP. Its GDP at purchasing power parity was also the largest in the world, approxim...
markets, as economic conditions vary, prices (including wages) may not adjust fast enough to preserve equilibrium in these markets. A sticky price is a price that is slow to adjust to its equilibrium level, creating sustained periods of sca...