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The rise of the ‘cafe economy’

As the economic boom of 2017 continues to fuel a new wave of economic growth, economists are looking at the economic cost of the economic recovery, particularly as it relates to the rise of more profitable retail outlets, a new study says.The economic cost, or economic growth in the long run, is the amount of

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How to calculate economic growth for your country

The GDP per capita figure is a measure of a country’s overall economic well-being.It is based on a number of factors including gross domestic product, gross domestic debt, inflation and a variety of other factors.It does not include the amount of capital that is employed or the quality of the people who work in that

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How to write an economic conservative

“The economy is in the doldrums,” wrote columnist Peggy Noonan.“The world economy is going through a massive and long-lasting recession.And the economy is now in the grip of an unprecedented recession that is destroying the very fabric of our society.”This is a stunning admission, coming from the same person who told us she was “100

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How the tech industry is facing an economic slowdown

By Michael GeogheganThe economy is expected to contract by 0.8 per cent this year, according to a new report.The Reserve Bank of Australia (RBA) has forecast GDP will contract by 1.5 per cent in 2018.“The impact on the economy will be felt most sharply in the mining sector, which has experienced a large decline in

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Which Economic System Should I Use?

With inflation hitting record highs and the economy facing a bleak outlook, economists are asking whether we should be using a rigid or elastic definition of economic growth.A report from the University of Massachusetts at Amherst (UMass) shows that while both the elastic and rigid definitions are important, the elastic definition seems to be more