Unemployment refers to a situation where a person actively searches for employment but is unable to find work. Unemployment is considered to be a key...
In the economics literature, there are two important lines of thinking about the causes of inequality, with some placing the blame primarily on technological innovation...
A financial crisis happens when the financial system breaks down, usually from the domino effect caused by heightened risk, overborrowing, default, and tighter lending restrictions....
Bonus Episode for Aug. 11. Shares of publicly traded private-equity firms like Blackstone and Apollo are down year-to-date, trailing the broader market, while shares of...
Growing imbalances in largest economies underscore need for concerted adjustment in domestic macroeconomic policies. Global current account balances widened by a sizable 0.6 percentage points...
Economic profit (or loss) refers to the difference between the total revenues, less costs, and the opportunity cost associated with the revenue generated. Opportunity cost...
Liability is the legal obligation to pay debts or fulfill responsibilities. Liability refers to a company’s responsibility to disburse funds to individuals or other entities...