They must explain the fluctuations in an economy that seem to be regular and unpredictable. The business cycle shows the impact of aggregate demand, employment, and investments in a country. The business cycle thus forms an important element of macroeconomics....
Crowding-Out EffectThecrowding-out effectis a phenomenon in economics that occurs whenincreased government spendingor intervention in a specific sector of the economy leads to adecrease in private sector spending. This effect is a critical concept in fiscal policy and macroeconomics, shedding light on...
Establishing certain thresholds defining the development phases of the region requires similar research to be carried out in all provinces, i.e., on the scale of the entire national economy. Interpretation of the indicators points to a conclusion that that despite the increased financial outlays, ...