As the economy prospers and overcomes challenges, a number of environmental issues arise. When the consumption of non-renewable resources...

Globalization has a great impact on the world and humankind-from a faster speed of trade to a steep rise in living standards. One should...

A current account deficit means the value of imports of goods/services/investment incomes is greater than the value of exports. There are...

Many individuals do not understand the impact their everyday behavior has on the economy. It is the decisions of people that can lead to...

A recession is a significant decline in economic activity, lasting more than a few months. Many believe that when the real GDP is...

A monopoly is a business that is the only provider of a specific good or service on the market. It creates a tremendously competitive...

COVID-19 had a tremendous impact on different spheres of life, including the economy. The disease became a pervasive problem for the...

Many economists oppose the belief that inflation is a primary economic challenge. According to the statistics, the global inflation rate...

Amid the COVID-19 pandemic, the word unemployment became a widespread phenomenon. During 2020, the global unemployment rate increased...