An economic meltdown occurs when a country experiences a sudden downturn in the state of its economy. During an economic meltdown, many people will be unemployed or underemployed, companies may go out of business, wages ... More »

Global economic meltdown is a state of economic crisis that simultaneously impacts the economies of multiple global powers. As of 2015, a number of commentators are questioning whether the world might be on the brink of ... More »

Some of the economic causes of new imperialism included the Marxist theory that governments wished to explore overseas areas to please the capitalists at home and the desire to acquire raw materials to boost industrializ... More »

Macroeconomic variables, or MVs, are indicators of the overall state of a country's economy. In the United States, they include the Consumer Price Index, average prime rate, Dow Jones Average and inflation rate. The gove... More »

Global economic meltdown is a state of economic crisis that simultaneously impacts the economies of multiple global powers. As of 2015, a number of commentators are questioning whether the world might be on the brink of ... More »

Economic diversity refers to the products and services that a country produces to be consumed by its economy. Stronger economies have a variety of goods to offer. More »

A closed economy is one in which the country trades only within its own borders. In an open economy, the country trades with other nations as well. Closed economies are much less common in modern society. More »