An economy’s output of goods and services is the sum of four components ... strong forces often dampen demand as spending goes down. For example, during economic downturns uncertainty often erodes ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New ...

The study of economics stems from the scarcity of resources and the limitless nature of our demands for products and services. Societies must therefore choose the goods and services that will be ...