Categoría: Economy

What Is the New Economy? New economy is a buzzword to describe new, high-growth industries that are on the cutting edge of technology and are believed to be the driving…

What Is the American Dream? The American dream is the belief that anyone, regardless of where they were born or what class they were born into, can attain their own…

Since the 19th century (or maybe the beginning of time), men and women have not been paid equitably for their work. Although there has been some progress toward closing the…

What Is the Great Resignation? The Great Resignation describes the elevated rate at which U.S. workers have quit their jobs starting in the spring of 2021, amid strong labor demand…

What Is a Centrally Planned Economy? A centrally planned economy, also known as a command economy, is an economic system where a government body makes economic decisions regarding the production…

While economists and academics make convincing arguments that a certain natural level of unemployment cannot be erased, elevated unemployment imposes high costs on the individual, society, and the country.1 Worse…

What Is a Contract Provision? A contract provision is a stipulation within a contract, legal document, or a law. A contract provision often requires action by a specific date or…

When a public utility declares bankruptcy, tensions can arise between the functions of state regulators, who oversee utilities, and bankruptcy courts, which seek to offer debt relief. Researchers expect that…

The prisoner’s dilemma, one of the most famous game theories, was conceptualized by Merrill Flood and Melvin Dresher at the Rand Corporation in 1950. It was later formalized and named…

What Is a Sluggish Economy? A sluggish economy is an economy in which growth is slow to negligible in macroeconomic terms. The term is an analogy to familiar species of…