An economic efficiency definition


Finance is the science of how the economy works.The word is derived from the Latin “fairestia”, meaning “fairness”.Economists generally use the term to refer to the concept of the overall efficiency of a society’s economic system.A society’s economy is one of the fundamental determinants of its overall economic health.This includes the efficiency of its supply […]

Ireland: GDP forecast to fall by 4.7pc this year


The Irish economy is forecast to be in recession this year, falling by 4% to 0.5% in the year to December, according to a report from the OECD.This is the first time since 2009 that the country’s GDP has not risen in the first three quarters of a year.“The recovery has not been uniform and […]

How to make your life better


In the year since the release of the blockbuster movie Wall Street, economic obsolescences have been a recurring theme.A new survey from Gallup finds that nearly half of Americans, 47%, think economic problems are getting worse.The percentage is slightly higher than the 49% who thought they were getting worse in January.And while the poll found […]

How to save on groceries, gas and electricity with a basic set of principles


The first step is to get a basic understanding of what your food bank is for.This will help you determine what your basic needs are.To do this, you’ll need to make a list of your grocery needs, and then figure out how much you’re willing to spend.A few basic questions to ask include: Do I […]

Which books are most expensive to read?


Science and Technology, the field of study that has historically focused on mathematics and science, has recently come under attack.In a recent article in the Journal of Economic Perspectives, economists Jörg Zohrke and Thomas Schuster argue that the discipline is undervalued and is in need of fundamental rethinking.They cite the increasing use of algorithms and […]

Labor, Greens demand ‘credible’ debt relief in Rudd’s deal


Posted March 07, 2019 16:01:28 The Australian Government must deliver on a plan to deliver economic growth to stimulate a $5.5 billion debt relief package for the next three years, the National party and the Greens have demanded.The debt relief would include a cap on the interest rate paid on the government’s $1.9 trillion debt […]

China’s economy is getting more competitive, but it’s still very slow


China’s economic performance is improving and the government is gradually shifting to a more “flexible” system of economic management, according to a new report from the International Monetary Fund.The report, which was released Thursday, is based on interviews with more than 400 Chinese officials and economists over the past three years.China’s performance is the best […]

Why Does the Federal Reserve Bank Keep Interest Rates Low?


The Federal Reserve is supposed to be the nation’s central bank, a watchdog that can keep the price of a dollar stable, buy assets cheaply, and set interest rates that keep a country’s economy moving forward.But in recent years, it’s increasingly been accused of meddling in markets and the economy by pumping up the price […]

How to Make $5 Million a Year in the Next 4 Years


By definition, every entrepreneur has a goal.But the ones who don’t want to live on the edge of a cliff are not the ones doing it, and they aren’t necessarily doing it because they have the ability to make a million dollars in 4 years.The ones doing what they are doing, in reality, are doing […]

How to save $20 billion on the auto bailout


With the auto rescue coming to an end and unemployment reaching a record high, auto manufacturers are planning to invest in their factories and equipment to get the job done, according to a report from the Associated Press.The bailout program paid automakers about $2.5 billion last month in the form of cash to help cover […]

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