Inflation and unemployment historically have an inverse relationship. This means that when the inflation rate is high, the unemployment rate […]
Markets
Types of Unemployment
According to the Organization for Economic Cooperation and Development or OECD, unemployment is a situation in which individuals who are […]
Stages of the Business Cycle
Modern economies undergo intervals of economic expansion followed by economic recession as indicated by their gross domestic product or GDP. […]
Types of GDP: Nominal GDP vs Real GDP
One of the macroeconomic indicators used to measure the economic performance of a particular jurisdiction is its gross domestic product […]
The Business of Amazon: What Exactly Does It Do?
Amazon is the largest online retailer and one of the most recognizable brands in the world. However, it is not […]
Pros and Cons of Cryptocurrencies
Cryptocurrencies have become a contested invention of the digital age due to their potential wealth-making allure and their fair share […]
Econ 101: The Difference Between Recession and Depression
Recession and depression are two terms used in economics to describe downturns in economic activities. Take note that although both […]