Economics

Inflation is the general rise in price levels, which is a sign of expanding economies. This is present in almost every economy of the world.…

Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase.…

The price of essential commodities goes up when there is more money in circulation in corresponding with the supply of articles and services. Thus broadly…

The accelerator effect in economics is a positive effect on private fixed investment of the growth of the market economy (measured e.g. by a change…

Contingent work, or contract work, is an employment relationship with limited job security, payment on a piece work basis, typically part-time (typically with variable hours)…

Temporary work or temporary employment refers to an employment situation where the working arrangement is limited to a certain period of time based on the…

Flexicurity is a welfare state model with a pro-active labor market policy. It is an integrated strategy for enhancing, at the same time, flexibility, and…

Labor market flexibility is an important part of the labor market. The degree of labor market flexibility is the speed with which labor markets adapt…

Liquidity describes the extent to which an asset can be bought and sold quickly, and at stable prices. In business, economics, or investment, market liquidity…

Labor economics seeks to understand the functioning and dynamics of the markets for wage labor. It is a study of the labor force as an…

Domestic sourcing is the activity of contracting for goods or services that are delivered or manufactured within the buyer’s home country borders. It refers to…

Occupational licensure is a form of government regulation requiring a license to pursue a particular profession or vocation for compensation. It the legal requirement that…