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Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole—for example, using interest rates, taxes, and government spending to regulate an economy's growth and stability. This includes regional, national, and global economies.
In economics, a recession is a business cycle contraction that occurs when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster.
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The sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services. These systems take a variety of forms, often leveraging information technology and the Internet, particularly digital platforms, to facilitate the distribution, sharing and reuse of excess capacity in goods and services.
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A worldwide increase in inflation began in mid-2021, with many countries seeing their highest inflation rates in decades. It has been attributed to various causes, including pandemic-related economic dislocation, supply chain problems, the fiscal and monetary stimuli provided in 2020 and 2021 by governments and central banks around the world in response to the pandemic, and price gouging. Recovery in demand through 2021 ultimately led to historic and broad supply shortages amid increasing consumer demand. Worldwide construction sectors were also hit.
References
- 1 2 "Index of State Dynamism". Economic Innovation Group.
- 1 2 Bourne, Ryan (August 19, 2022). "Round up: Can We Define Economic Dynamism?". Cato.org. Retrieved April 14, 2023.
- ↑ Decker, Ryan; Haltiwanger, John; Jarmin, Ron; Miranda, Javier (September 14, 2014). "The Role of Entrepreneurship in US Job Creation and Economic Dynamism". Journal of Economic Perspectives. 28 (3): 3–24. doi: 10.1257/jep.28.3.3 – via www.aeaweb.org.
- ↑ Wheeler, T.; Verveer, P.; Kimmelman, G. (August 2020). "New Digital Realities; New Oversight Solutions in the U.S.: The Case for a Digital Platform Agency and a New Approach to Regulatory Oversight" (PDF). Shorenstein Center on Media, Politics and Public Policy. Harvard Kennedy School.
- ↑ "FACT SHEET: President Biden Highlights New Progress on His Competition Agenda" (Press release). The White House. 1 February 2023. Retrieved 27 June 2023.
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