An economic shock, also known as a macroeconomic shock, is any unexpected event that has a large-scale, unexpected impact on the economy. Many, but not all, economists also say that a shock has to be ...

Gross domestic product (GDP) measures the market value of all goods and services a country produces in a specific time frame. It’s used to gauge a nation’s economic growth and its people’s standard of ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Investopedia / Michela Buttignol Economic value is the value ...

The SDGs have highlighted the need for a new paradigm that links economic growth to broader goals of justice and sustainability, but there’s been less thinking on how this emerges in practice, and ...

AIB sees the labour market continuing to grow, but given the expected easing in economic growth next year, it expects a more ...

The Dasgupta Review on the Economics of Biodiversity, published in February 2021, is an independent, global review on the economics of biodiversity commissioned by the UK Treasury, and led by ...

People like to help those who are helping them, and to hurt those who are hurting them. Outcomes reflecting such motivations are called fairness equilibria. Outcomes are mutual-max when each person ...

India’s economy is a perfect example of a mixed economy because it is a complicated combination of both public and private sectors. However, it blends aspects of capitalism and socialism to generate a ...