Spending by the government in the form of payments to households or individuals. Unemployment benefits and pensions are examples. Transfers […]

Permission for existing customers to continue paying for an offering according to their original price structure.

Software that permits users to access their data by manipulating a mouse.

The period of a sharp fall in output and employment in many countries in the 1930s.

Period of low volatility in aggregate output in advanced economies between the 1980s and the 2008 financial crisis. The name […]

The prolonged recession that followed the global financial crisis of 2008.

The pricing of an asset based upon what a future buyer will pay.

Accounting adjustment made to conventional measures of national income to include the value of natural capital.

Gases—mainly water vapour, carbon dioxide, methane and ozone—released in the earth’s atmosphere that lead to increases in atmospheric temperature and […]

A law that states that undervalued forms of money will not be used in the marketplace, but overvalued forms will.