Economics

Recession – a Business Cycle Contraction

Recession – a Business Cycle Contraction

A recession is a business cycle contraction that occurs when there is a general decline in economic activity. It refers to a slowdown or a significant contraction in economic activity. Recessions typically occur when there is a significant decrease in spending. A financial crisis, an external tra.....

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Regenerative Economics – an Economic System

Regenerative Economics – an Economic System

Regenerative economics is a type of economic system that focuses on the regeneration of capital assets. The core idea of regenerative capitalism is that the processes that the universe uses to maintain healthy and sustainable ecological systems in the natural world can be used as a model for econ.....

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Urban Economics – a Sub-field of Economics

Urban Economics – a Sub-field of Economics

Urban economics is a branch of economics that studies the economics of cities. It covers a wide range of topics, including housing, transportation, land use, the cost and benefit of cities and urbanization, and the provision of local public goods such as education. It is broadly defined as the ec.....

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Social Audit

Social Audit

A social audit is an official assessment of a company’s participation in social responsibility projects or initiatives. It is a formal examination of a company’s social responsibility efforts, policies, and code of conduct, as well as the company’s influence on society. Many bus.....

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Wealth Inequality is Linked to Despotic Governance, According to Ancient Maya Houses

Wealth Inequality is Linked to Despotic Governance, According to Ancient Maya Houses

Throughout history and throughout continents, every community has had some degree of wealth disparity; there always appear to be those individuals who have more than others. However, the degree of inequality varies by civilization; in some, a few wealthy individuals control practically all of the.....

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Spatial Planning

Spatial Planning

Spatial planning is generally regarded as a public-sector function aimed at influencing future spatial distribution of activities. It acts as a go-between for the state’s, the market’s, and the community’s respective claims on space. The goal is to achieve a more rational territ.....

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Regional Economics – a Sub-discipline of Economics

Regional Economics – a Sub-discipline of Economics

Regional economics is a sub-discipline of economics that is frequently regarded as one of the social sciences. It is a fair, transparent, easily accessible, and moderate economic system and range of economic activity in a country’s regional area. Regional economics studies the effects of lo.....

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Around Midday, Loan Applications are more likely to be Rejected

Around Midday, Loan Applications are more likely to be Rejected

Early and late in the day, bank credit officers are more likely to accept loan applications, but ‘decision fatigue’ around midday is linked to reverting to the safer choice of saying no. These are the findings of a study published today in the journal Royal Society Open Science by researchers.....

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Consumer Discretionary

Consumer Discretionary

Consumer discretionary refers to products and services that consumers deem non-essential but attractive if their available income allows them to acquire them. Simply described, it is a category of items in a particular economic system that are not regarded primarily by customers. Durable items, h.....

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Autonomous Consumption

Autonomous Consumption

Autonomous consumption, also known as exogenous consumption, refers to the purchases that people must make even if they don’t have any money. Only when spent on these consumables does not vary with changes in income is such consumption called income-independent; in general, it may be necess.....

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Autonomous Expenditures

Autonomous Expenditures

Autonomous expenditure is a type of mandatory expenditure that must be done regardless of income. It refers to the components of an Autonomous expenditure economy’s aggregate expenditure that are unaffected by the actual amount of income in the same economy. These expenses are deemed necess.....

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Ricardian Equivalence Proposition – an Economic Hypothesis

Ricardian Equivalence Proposition – an Economic Hypothesis

Ricardian equivalence is an economic theory that states that funding government spending with current or future taxes (and current deficits) has the same overall effect on the economy. The Ricardian equivalence proposition is an economic hypothesis that states that consumers are forward-thinking .....

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