The government of Sri Lanka officially declared in April 2021 that the country is experiencing its worst economic crisis since […]
Economics
Relationship Between Inflation and Unemployment
Inflation and unemployment historically have an inverse relationship. This means that when the inflation rate is high, the unemployment rate […]
Types of Unemployment
According to the Organization for Economic Cooperation and Development or OECD, unemployment is a situation in which individuals who are […]
Stages of the Business Cycle
Modern economies undergo intervals of economic expansion followed by economic recession as indicated by their gross domestic product or GDP. […]
Types of GDP: Nominal GDP vs Real GDP
One of the macroeconomic indicators used to measure the economic performance of a particular jurisdiction is its gross domestic product […]
Investing In The Stock Market: Pros And Cons
The stock market provides individuals and institutions with one of the ways to build wealth or meet their medium-term to […]
Pros and Cons of Globalization
The advantages and disadvantages of globalization can be analyzed and understood by looking through its three main dimensions: economic, political, […]
Econ 101: The Difference Between Recession and Depression
Recession and depression are two terms used in economics to describe downturns in economic activities. Take note that although both […]
What Is Pareto Optimality?
Pareto optimality is a concept of efficiency promoted by Italian sociologist and economist Vilfredo Pareto. Also known as Pareto efficiency, […]