Fiscal Policy: Definition, Tools & Objectives
Fiscal policy refers to governments spending and taxation. So how much income it has coming in through taxes, and how much it has going out through spending.
Macroeconomics
The branch of economics that looks at the economy as a whole. It looks at factors which affect the wider economy rather than individuals. Examples include inflation, trade, unemployment, and economic growth.
The Multiplier Effect: Definition, Formula & Example
The multiplier effect refers to how an initial injection of money into the circular flow of income can stimulate economic activity in excess of the initial investment.
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SWOT Analysis: Definition, Template & Example
SWOT Analysis is a strategic management tool to help individuals and businesses identify their Strengths, Weaknesses, Opportunities, and Threats.
PESTLE Analysis: Definition, Template & Examples
PESTLE analysis is a strategic management tool that businesses use to identify macro-economic factors that it needs to consider.
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Keynesian Economics: Definition & How It’s Used
The basic premise of Keynesian economics is that government intervention should be used to stabilize the economy.
Protectionism: Definition, Advantages & Disadvantages
Protectionism is whereby nations aim to prevent or restrict the supply of goods coming into the country.
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Capital Markets: Definition, Types & Functions
Capital markets are where savers come to invest their capital in long term investments such as corporate debt, equity-backed securities, and government bonds.
Foreign Direct Investment (FDI): Definition, Types, Pros & Cons
The act of a company from one nation investing in another – be it to expand production or purchase another business.
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Absolute Advantage: Definition & Example
When a nation is more efficient making a good over another, it has an absolute advantage.
Business Cycle: What it is, How it works, Causes & Phases
Where a nations economy goes through growth and decline in a repeating fashion.
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