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How to read the economic Freedom Index

India’s Economic Freedom Index is the only indicator of economic freedom that India has used for more than 40 years.The index, which tracks the extent to which economic growth and inequality are perceived by people, is widely used across the world.The most recent update of the index, released in October this year, saw the United

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How to find the equilibrium definition economics

The economic analysis of the future is based on two assumptions: that the economy will remain stable, and that it will not become more efficient than it is today.The second assumption is what economists call equilibrium.An equilibrium is a situation in which the economy is not going to get better or worse than it was

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Economists say US economy needs to expand to cover every area

The US economy has grown about 7% this year, according to figures released on Tuesday by the Federal Reserve. But that growth has come with a huge increase in debt. In the last year alone, the US has increased the total amount of debt outstanding by $3.2 trillion, an increase of more than 300% from just three