Housing starts measure new construction of privately owned housing units and are considered an important leading indicator on the economy. Housing starts are a monthly measure of the construction ...
This paper defines the first measure of economic resilience based on the cumulative current and future losses a shock-exposed household experiences relative to a counterfactual measure of what ...
Definition of Inflation: Inflation occurs when there is an increase in demand relative to supply or when production costs rise, pushing up prices. Economists often categorize inflation into three ...
Definition: The unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand. Description: The phrase invisible hand ...
Definition: A labour market is the place where workers and employees interact with each other. In the labour market, employers compete to hire the best, and the workers compete for the best satisfying ...