An economic depression is a steep and sustained drop in economic activity featuring high unemployment and negative GDP growth ...

Definition: True cost economics is an economic model that includes the cost of negative externalities associated with goods and services. Description: If the prices of goods and services do not ...

Total utility helps economists understand the demand for goods and services. In economics, utility refers to the satisfaction gained from consuming a good or service. Total utility is usually ...

Keynes suggested that a government should take action to increase spending on goods and services in response to low economic activity and increased unemployment. Prior to World War II, the U.S ...

It is a measure of a country’s total economic output over a certain period (usually a year), or the total value of all final-stage goods and services produced and sold. When GDP increases from ...

An entrepreneur organizes, manages, and takes on the risks of a business. In this article, we’ll provide a clear definition ...

Accessibility - The quality and degree that devices, services, programs ... In case of interest regarding Federal definitions: Racial Wealth Divide - The effect and historic intentionality of racial ...

Following the onset of the recent global economic crisis, much of the news ... gross domestic product (GDP)—the value of all goods and services a country produces. Although this definition is a useful ...

Reviewed by Robert C. KellyFact checked by Suzanne KvilhaugReviewed by Robert C. KellyFact checked by Suzanne Kvilhaug What ...

For more than a year, barely a day has passed that we have not heard dire economic news about ... the value of all goods and services a country produces (see "Back to Basics," F&D, December 2008).

Britain's shift towards a services-dominated economy is accelerating, pushing manufacturing's share of economic output to a ...

Even so it can be useful to have a reference that provides basic working definitions that help spur discussions ... Prejudiced thoughts and discriminatory actions based on difference in socio‐economic ...