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Forex TradingBeyond GDP: Exploring the Limitations of GDP as a Measure of Economic Welfare

Beyond GDP: Exploring the Limitations of GDP as a Measure of Economic Welfare

The main metric has been differences in income or gross domestic product per person. But economists have long known that GDP is an imperfect measure of well-being, counting just the value of goods and services bought and sold in markets. GDP, as currently defined, should retain its stature as a major economic statistic. The authors …

Forex TradingCapital Definition & Meaning

Capital Definition & Meaning

If this is the case, the situation can be turned around by adopting a different strategy, revising the pricing policy, diversifying the products or services or targeting new customers for example. In general, to turn a business’s financial situation around, a loan needs to be taken out over three to five years to reinforce the …