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What you need to know about surplus definition economics

With global economic growth slowing, the world’s nations are struggling to keep pace with a projected surplus in 2019.The U.S. and Canada are on track to produce their highest annual surplus since the 1930s, while China and Russia are in the middle of the pack.But while it’s still possible to get ahead by producing more

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How to navigate the economic map in a modern digital economy

How to map a digital economy using an economic system, and to do it in a way that looks intuitively familiar?That’s what the authors of the Economic Map project wanted to find out.They spent months working through data to create the maps they wanted.“The goal was to get the best possible economic maps for a

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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

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When It Comes to Business, Trump Is a Man of Many Decisions

Businesses have long tried to use government programs to promote innovation, and they are increasingly seeing the benefits of such programs as they compete to stay competitive.But they also have to navigate a complicated, often complex and uncertain world, where competition is fierce.That’s where Donald Trump comes in, and his business-friendly approach to government policies