Summary The principle that supply and not demand drives the economy, and productivity and saving are the keys to economic growth was discovered and developed by French economist Jean-Baptiste Say in the early nineteenth century and is known as Say's Law. This chapter examines the importance of ...
Science What drives the economy of Svalbard?Question:What drives the economy of Svalbard?SvalbardSvalbard is a dependent territory of Norway that is located between Norway and the North Pole. The area is also the location of the Svalbard Global Seed Vault....
What Drives the Economy, the Consumer or Business? Too often the financial media gets it wrong when the news organizations report, “Consumer spending drives the economy.” In reality, consumer spending is the effect, not the cause, of prosperity. Consumers benefit because entrepreneurs and venture...
In September, the UN adopted the Pact for the Future at the Summit of the Future in New York. The pact responded to two key concerns of the Global South countries: the implementation of the UN's 2030 Agenda for Sustainable Development and the demand for better representation in global govern...
"A rise in interest rates usually drives down the price of gold. A decrease in the interest rate will do the opposite, increasing the price of gold." So why do long-term interest rates cause movement in the price of gold? It's a matter of competition. Gold doesn't offer a coupon ...
Vibrant Guangdong｜What drives Guangdong as top 1 in China's economy?In 2025, Guangdong plans to undertake 1,500 key provincial construction projects with a total investment of 9.2 trillion yuan. In 2024, the province's total industrial output is expected to exceed 20 trillion yuan, while its...
"The low-altitude economy is a new growth driver, and it will be an important engine to push the high-speed development of China's economy," Cheng Bolin, vice-president of the low-altitude unit at the China Information Association, said at an industry conference last month.Innovation is ...
Elderly and child care has also been a key priority. In 2024, China launched 26 measures to boost the "silver economy" and enhance elderly well-being, leading to the establishment of 2,254 new elderly care facilities in 386 cities. At the same time, the country strengthened its child care...
financial crisis. The role of financial regulatory policy in the financial crisis is sometimes presented in a way that will help the economy improve. Deregulation was an approach that the economy was implementing towards to. According to Kroszner and Strahan in the reading about What Drives ...
China's emphasis on innovation-driven development has positioned it at the forefront of crucial fields like digital technology and renewable energy. That not only boosts China's economy but also offers quality products and services that meet the needs of global consumers, fostering a shared sense ...