The national debt represents the total amount of money a country's government owes to its creditors. It accumulates through government…
The National Economic Council (NEC) is a principal forum used by the President of the United States for considering policy…
The Monetary Policy Committee (MPC) is a group responsible for setting a central bank's key interest rates. Its decisions significantly…
The London Stock Exchange (LSE) is a global financial market where shares of publicly listed companies are traded. It plays…
Lloyd's of London is a unique insurance market, not a company. It's a marketplace where specialist underwriters accept risk on…
The 'invisible hand' is a metaphor for the self-regulating nature of the marketplace. It suggests that individuals pursuing their own…
An interest-only mortgage allows borrowers to pay only the interest for a set period. After this period, payments increase to…
Industrial output measures the total value of goods and services produced by the industrial sector. It's a key indicator of…
A horizontal merger combines two companies operating in the same industry and at the same stage of production. It aims…