A depression is a severe and prolonged downturn in economic activity. It may be defined as an extreme recession lasting three or more years, leading to a decline in real gross domestic product (GDP) ...

The National Bureau of Economic Research (NBER) defines a recession as a “significant decline in economic activity that is ...

Housing accounts for a significant portion of investment spending by American households and overall economic activity. In a strengthening economy, Americans feel they have more income to spend ...

Definition: A labour market is the place where workers and employees interact with each other. In the labour market, employers compete to hire the best, and the workers compete for the best satisfying ...

Definition: Impulsive buying is the tendency of a customer to buy goods and services without planning in advance. When a customer takes such buying decisions at the spur of the moment, it is usually ...

It examines how politics and the economy influence each other. Political scientists study how economic theories like capitalism, socialism, and communism work in the real world. These ideas can be ...

Economic profit stands out as a powerful tool that cuts through accounting conventions to reveal a business’s genuine value creation. Unlike traditional profit measures that appear on income ...

While the economy of Sri Lanka has achieved some degree of stabilisation after the most dire crisis in history, progress ...

“There is no technical definition of ‘stagflation,’ but this definitely moves the economy in that direction.” Stagflation is one of the trickiest economic situations, because tackling ...

At their basic nature, supply disruptions are stagflationary. If a fast-spreading strain of the bird flu, for example, ...

But TikToks and stock prices don't officially determine when the country enters a recession, and the word does have an actual definition worth knowing. Eight economists who serve on the Business Cycle ...