Category Economics

Unemployment

Definition of Unemployment Unemployment refers to the state of being without a job, typically measured as a percentage of the labor force. It is an important economic indicator that reflects the health of an economy. Unemployment can be caused by…

definition of economics

Economics is a social science that studies the production, distribution and consumption of goods and services to understand how societies allocate their limited resources to meet their needs and wants. It is a field that explores how individuals, businesses and…

inflation

what is inflation? my simplest definition Inflation is an increase of price of goods and services. another definition inflation is the persistent rise in the general level of prices. As the general level of price rises each unit of money…