Economics is the social science that studies the production, distribution, and consumption of goods and services. It analyzes how individuals,…
A recession is a significant, widespread, and prolonged downturn in economic activity. It's characterized by falling GDP, rising unemployment, and…
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…
Industrial output measures the total value of goods and services produced by the industrial sector. It's a key indicator of…
Gross Domestic Product (GDP) measures the total monetary value of all finished goods and services produced within a country's borders…
Economic growth refers to the increase in the production of goods and services in an economy over time. It's a…
Consumer confidence is a key economic indicator reflecting how optimistic consumers feel about their financial situation and the overall economy.…
The business cycle refers to the natural fluctuations in economic activity, characterized by periods of expansion and contraction. These cycles…