Demand-pull inflation occurs when aggregate demand in the economy exceeds aggregate supply. This can lead to inflationary pressures as businesses attempt to raise prices in order to keep up with rising costs. The main drivers of demand-pull inflation are typically increases in consumer spending or government spending. IS and LM curve? The IS-LM curve is … Read more
In macroeconomics, an expansion definition is a situation where there is an increase in economic activity, typically measured by Gross Domestic Product (GDP). This can be caused by a variety of factors, such as an increase in consumer spending, an increase in government spending, or an increase in exports. An expansion definition usually lasts for … Read more
. What is the Producer Price Index (PPI) and how is it calculated? What is the current PPI rate? The current PPI rate is the percentage change in the prices of a basket of final goods and services from the perspective of the producer. This rate is used to measure inflation and is often used … Read more
The working-age population is the population of people who are of working age, which is typically defined as being between the ages of 18 and 65. The working-age population is a key demographic for many businesses and organizations, as they are typically the population that is most actively working and contributing to the economy. The … Read more
Wholesale money is a term used to describe the funds that financial institutions use to trade securities and other financial assets in the wholesale markets. These markets are typically made up of large banks and other financial institutions that trade with each other, rather than with retail investors. The wholesale money markets are important because … Read more
Dollarization is when the currency of one country is replaced by that of another. Dollarization can happen informally, as when people lose faith in their own currency and start using dollars instead, or formally, when a country officially adopts the dollar as its currency. Dollarization can have benefits, such as stability and lower inflation, but … Read more
The Robin Hood effect is the tendency for people to redistribute wealth from the rich to the poor. The name comes from the folklore character Robin Hood, who stole from the rich and gave to the poor. The Robin Hood effect has been observed in many different contexts, including economic development, taxation, and philanthropy. There … Read more
The catch-up effect is the economic phenomenon whereby a country which is behind in terms of economic development experiences a faster rate of economic growth than a country which is already developed. This is because the less developed country can learn from the more developed country and adopt its technology and best practices. The catch-up … Read more
A digital native is an individual who was born or raised during the digital age and thus is comfortable with using digital technologies. The term digital native is often used in contrast to digital immigrant, which refers to individuals who are not as comfortable or familiar with using digital technologies. What makes you a digital … Read more
Definition, How It Works, HDI Index. What Is a Developed Economy? A developed economy is one that exhibits a high level of economic development. This is typically measured by factors such as GDP per capita, life expectancy, and literacy rates. Countries with developed economies typically also have a high Human Development Index score. What is … Read more
