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2 days ago · Economic growth has traditionally been attributed to the accumulation of human and physical capital and the increase in productivity and creation of new goods arising from technological innovation. Further division of labour (specialization) is also fundamental to rising productivity.
3 days ago · The creation of money is an act of collective intention that establishes a social reality for exchange. This is how money is created. The types of money and their justification are where it gets interesting.
2 days ago · Overall inflation is measured as the price change of a large "basket" of representative goods and services. This is the purpose of a price index, which is the combined price of a "basket" of many goods and services. The combined price is the sum of the weighted prices of items in the "basket".
2 days ago · The Wikimedia Foundation was established in 2003 in St. Petersburg, Florida by Jimmy Wales, as a nonprofit way to fund Wikipedia, Wiktionary, and other crowdsourced wiki projects. Until then, they had been hosted by Bomis , Wales's for-profit company.)
May 16, 2024 · Known as a central bank digital currency (CBDC), the proposed electronic currency could make financial transactions completely digital, which would make transferring money faster and...
May 15, 2024 · The money supply is the total amount of cash and cash equivalents, such as savings account balances, circulating in an economy at a given point in time.
May 23, 2024 · Milton Friedman was a U.S. economist and Nobel laureate known as the most influential advocate of free-market capitalism and monetarism in the 20th century. At the beginning of his career in the...
