Category: Economics

How global events shape local economies

Reading Time: 3 minutesThe growing interdependence of the world renders global events-whether political, environmental, or economic-exert huge influences on smaller economies. Pandemics and geopolitical tensions or changes in the economies…

What is Macroeconomics?

Reading Time: 3 minutes Macroeconomics is concerned with the study of an economy’s working, large scale factors and their interconnection, along with information towards national and international economic wellbeing. Practically…

Law of Demand and Supply

Reading Time: 3 minutesThe law of supply and demand is the fundamental economic principle that explains how the price and quantity of goods and services are determined in a competitive…

A closer look at unemployment rate

Reading Time: 3 minutesUnemployment rate is an important indicator of economic health, oft-quoted by politicians, economists, and media to reveal the state of health of a nation’s economy. While an…

Gross Domestic Product (GDP)

Reading Time: 4 minutesGross Domestic Product is the total sum of all the final goods and services produced within a country’s borders over any period of time, usually annually or…

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