Pages tagged with Economic Theory

What is “Gross Domestic Product” (GDP), and how is it determined each month? What does the term “Recession” mean and how do we know when one occurs? How does government intervene to move the economy out of a recession?

Self-interest stimulates our economy because people are different and have different interests to pursue like education, work, commercial goods, and religion.

In the great spirit of capitalism, we as people can still only predict and guess as to what the economy will do next, as if it were a ADD 5 year old. Here is my idea as to dissolve some of that doubt.