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- Economics Terms A-Z
- Posted 4 months ago
Unemployment
Unemployment refers to the people of a country or region that are currently without a job and seeking employment. It is one of the main economic indicators given that low unemployment rates are associated with high levels of production and economic growth, and are consequently a key concern for economists and policy makers alike.
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- Economics Terms A-Z
- Posted 1 year ago
Utility Maximisation
Individuals derive utility from the consumption of goods and services, and choose these so as to maximise their utility under any given budget.
The Site for Economists
The Site for Economists
