Microeconomics studies how individual economic agents like households and firms make decisions regarding the allocation of scarce resources. It analyzes…
Manufacturing output measures the total volume of goods produced by a sector. It's a key indicator of economic health, reflecting…
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…
A liquid asset is something easily converted into cash with minimal loss of value. It's crucial for financial stability, enabling…
The London Interbank Offered Rate (Libor) was a key benchmark interest rate reflecting the average interest rates at which major…
Laissez-faire is an economic philosophy advocating minimal government intervention. It emphasizes free markets, private property, and individual economic freedom, believing…
Keynesian economics, developed by John Maynard Keynes, advocates for government intervention to stabilize economies, particularly during recessions, by managing aggregate…
A term describing excessive investor optimism and inflated asset prices detached from fundamental value. It signifies a market bubble driven…
The 'invisible hand' is a metaphor for the self-regulating nature of the marketplace. It suggests that individuals pursuing their own…