What is the real unemployment rate?
The U-6 actual unemployment rate also includes the underemployed and the discouraged workers. The U-6 unemployment rate is usually higher than U-3, the…
What is Laissez-Faire Economic Theory (LFE)?
Laissez faire economics restricts the government’s intervention in the economy. The theory holds that an economy’s strength is when the…
What is Financial Capital?
DEFINITION Financial Capital is money and credit or other sources of funding used to build wealth. The Key Takeaways…
Profit margins: What they tell you about the 3 types
Profit margin is the ratio of sales minus expenses divided by revenue. Profit margin ratio is a comparison of…
How do cardless ATMs work?
You can now pay electronically for most things, removing the need to carry cash. The mobile wallet on your phone can…
What is stagflation?
DEFINITION Stagflation is when there’s high inflation during a time of slow economic growth. Stagflation is a problem for policymakers,…
The Causes and Effects of Cyclical Unemployment
High unemployment rates are mainly caused by cyclical unemployment. This is caused by a decline in the cycle of business. This…
What is the formula for calculating unemployment rate?
The formula for unemployment rate is equal to the number of unemployed in the country divided by the number of…
What is a welfare program?
Welfare Programs are government-funded subsidies for families and individuals with low income. Welfare Programs: Definition and examples Welfare programs…
Is paypal safe?
PayPal is one of the most popular tools for receiving and sending money online. Although it has been around…