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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 »

www.reference.com World View Social Sciences Economics

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 »

www.reference.com World View Social Sciences Economics

Australia is considered to be a mixed economy because it is characterised by private enterprise coupled with strong regulatory oversight by the government and government provision of public goods such as roads. In 2011, ... More »

www.reference.com World View Social Sciences Economics
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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 »

www.reference.com World View Social Sciences Economics

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 »

www.reference.com World View Social Sciences Economics

According to the International Monetary Fund, inflation is an important economic statistic because it affects the value of money and indicates the overall stability of a country's economy. Inflation is a gradual continuo... More »

www.reference.com World View Social Sciences Economics

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 »

www.reference.com World View Social Sciences Economics