Economics

Economics

basics of economics

Industry: Economy

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Economics

Debt

Economy; Economics

"Neither a borrower nor a lender be," wrote Shakespeare in "Hamlet". Actually, the availability of debt, and the willingness to take it on, is a crucial ingredient of economic growth, because it ...

Deadweight cost

Economy; Economics

The extent to which the value and impact of a tax, tax relief or subsidy is reduced because of its side-effects. For instance, increasing the amount of tax levied on workers' pay will lead some ...

Underground economy

Economy; Economics

If you pay your cleaner or builder in cash, or for some reason neglect to tell the taxman that you were paid for a service rendered, you participate in the black or underground economy. Such ...

Black economy

Economy; Economics

If you pay your cleaner or builder in cash, or for some reason neglect to tell the taxman that you were paid for a service rendered, you participate in the black or underground economy. Such ...

The third of 17 children of a wealthy banker, David Ricardo (1772–1823) was disinherited at the age of 21 after he married a Quaker against the wishes of his parents. He became a stockbroker and did ...

Currency peg

Economy; Economics

When a government announces that the exchange rate of its currency is fixed against another currency or currencies. (See also currency board. )

Crowding out

Economy; Economics

When the state does something it may discourage, or crowd out, private-sector attempts to do the same thing. At times, excessive government borrowing has been blamed for low private-sector borrowing ...