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2. Economics terminology that differs from common usage

   en.wikipedia.org/wiki/Economics_terminology_that...

   Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...

3. Economy - Wikipedia

   en.wikipedia.org/wiki/Economy

   Economy from then on meant national economy as a topic for the economic activities of the citizens of a state. Industrial Revolution The first economist in the true modern meaning of the word was the Scotsman Adam Smith (1723–1790) who was inspired partly by the ideas of physiocracy , a reaction to mercantilism and also later Economics ...

4. World economy - Wikipedia

   en.wikipedia.org/wiki/World_economy

   The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.

5. Economics - Wikipedia

   en.wikipedia.org/wiki/Economics

   Sometimes an economic hypothesis is only qualitative, not quantitative. [106] Expositions of economic reasoning often use two-dimensional graphs to illustrate theoretical relationships. At a higher level of generality, mathematical economics is the application of mathematical methods to represent theories and analyse problems in economics.

6. US economy grew at a solid 2.8% pace last quarter on strength ...

   www.aol.com/us-economy-grew-solid-2-144425339.html

   The U.S. economy has continued to expand in the face of the much higher borrowing rates the Fed imposed in 2022 and 2023 in its drive to curb the inflation that surged as the United States bounced ...

7. Glossary of economics - Wikipedia

   en.wikipedia.org/wiki/Glossary_of_economics

   Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

8. GDP: US economy grows at slower-than-expected pace in ... - AOL

   www.aol.com/finance/gdp-us-economy-grows...

   The US economy grew at a slightly less rapid pace than economists had expected in the third quarter. The Bureau of Economic Analysis's advance estimate of third quarter US gross domestic product ...

9. Kids and working families in a pandemic economy, with Emily ...

   www.aol.com/news/kids-working-families-pandemic...

   Pfizer has asked the FDA to give emergency use authorization to its COVID vaccine tailored to children under the age of 5. Margaret Brennan discusses the news with Brown University professor Emily ...