The minimum wage is the lowest hourly, daily, or monthly remuneration that employers are legally required to pay their workers.…
Microeconomics studies how individual economic agents like households and firms make decisions regarding the allocation of scarce resources. It analyzes…
The median is the middle value in a dataset when ordered from least to greatest. It's less affected by extreme…
Manufacturing output measures the total volume of goods produced by a sector. It's a key indicator of economic health, reflecting…
A managed fund pools investor money to be professionally managed by a fund manager. It offers diversification across various assets…
Macroeconomics is the branch of economics that studies the behavior of aggregates, such as national income, unemployment, and inflation. It…
The London Stock Exchange (LSE) is a global financial market where shares of publicly listed companies are traded. It plays…
The loan-to-value (LTV) ratio compares a loan amount to the appraised value of an asset, typically real estate. Lenders use…