The London Stock Exchange (LSE) is a global financial market where shares of publicly listed companies are traded. It plays…
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 joint account is a bank account held by two or more individuals. All account holders have equal access and…
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…
An interest-only mortgage allows borrowers to pay only the interest for a set period. After this period, payments increase to…
Inflation measures track the general increase in prices and the fall in the purchasing value of money. Key metrics include…
Industrial output measures the total value of goods and services produced by the industrial sector. It's a key indicator of…