Cost of Living

The amount of money required to maintain a certain standard of living, including expenses for housing, food, transportation, healthcare, and other essential goods and services.

Read More Cost of Living

Financial Crisis

A severe disruption of the financial system characterized by a widespread collapse of financial institutions, sharp declines in asset prices, and a severe contraction in economic activity.

Read More Financial Crisis

Public Goods

Goods or services that are non-excludable and non-rivalrous, meaning that they are available to all individuals and their consumption by one person does not diminish their availability for others.

Read More Public Goods

Income Tax

A tax levied by the government on the income earned by individuals and businesses, based on a progressive tax rate structure.

Read More Income Tax

Human Capital

The knowledge, skills, education, and experience possessed by individuals, which contribute to their productive capacity and economic value.

Read More Human Capital