describes how the government uses spending and taxation to affect the economy. The government can stimulate the economy or deflate an overheated one using its purchasing power. Taxation is another tool the government can employ to manage the money supply and affect the level of economic activity. ...
The article reviews the book "Economix: How Our Economy Works (and Doesn't Work)" by Michael Goodwin and Dan E. Burr.EBSCO_bspPublishers Weekly
Without debt and credit, people could only spend as much as they earn. Although this sounds like a sound proposition from the perspective of personal financial health, it puts the economy at risk by limiting purchasing, which fuels income growth more broadly. Purchasing leads to income and prosp...
I believe neither is acceptable. We must change the way we think: living well does not need to mean having more private spaces; instead, it could mean having more public spaces. A better goal than building bigger houses...
Figure 1. World crude oil production per person, based on data of the US EIA. Data through September 2024. People have a misimpression regarding how world peak oil can be expected to behave. The world economy has continued to grow, but now it is beginning to move in the direction of co...
the intensive care unit, "learning how to knit infant hats gave me a sense of purpose during a time that I felt very helpless. It's a hobby that I've stuck with, and it continues to help me cope with stress at work, provide a sense of order...
A contemporary example is the unicorn that is valued at over $1 billion that has made the owner a “billionaire” on paper but has only raised $50 million in capital because speculative venture capitalists put in the money to get option-like chips in case it does well. Bubbles can go on...
Investment sectors are important because they help measure how well an economy is performing based on the financial performance of the corporations within that sector. The list below does not represent an exhaustive list, but here are some examples of investment sectors: ...
"Overall, this government's reengagement with China already sets us on course to deliver up to 1 billion pounds of value for the UK economy," she announced at a news briefing after meetings with Chinese Vice-Premier He Lifeng. Their talks touched upon exchanges in such areas as sustainable ...
How Does North Korea Survive Financially? North Korea manufactures and sells arms and military equipment. It also exports metals, coal, seafood, wood, textiles, electricity, silk, and other agricultural goods. The Bottom Line The economic history of North Korea includes significant periods of stagnat...