Economics

Economics

basics of economics

Industry: Economy

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Economics

innovation

Economy; Economics

A vital contributor to economic growth. The big challenge for firms and governments is to make it happen more often. Although nobody is entirely sure why innovation takes place, new theories of ...

infrastructure

Economy; Economics

The economic arteries and veins. Roads, ports, railways, airports, power lines, pipes and wires that enable people, goods, commodities, water, energy and information to move about efficiently. ...

The oil that keeps the economy working smoothly. Economic efficiency is likely to be greatest when information is comprehensive, accurate and cheaply available. Many of the problems facing economies ...

inflation target

Economy; Economics

The goal of monetary policy in many countries is to ensure that inflation is neither too high nor too low. It became fashionable during the 1990s to set a country's central bank an explicit rate of ...

inflation

Economy; Economics

Rising prices, across the board. Inflation means less bang for your buck, as it erodes the purchasing power of a unit of currency. Inflation usually refers to consumer prices, but it can also be ...

inferior goods

Economy; Economics

Products that are less in demand as consumers get richer. For normal goods, demand increases as consumers have more to spend.

inequality

Economy; Economics

Does economic growth create more or less equality? Do unequal societies grow more or less slowly than equal ones? Economists have debated these questions for as long as anyone can remember. One ...