The U.S. economy grew by an average of 3.8% from 1946 to 1973, while real median household income surged 74% (or 2.1% a year). The worst recession in recent decades, in terms of lost output, occurred during the financial crisis of 2007–08, when GDP fell by 5.0% from the spring of 2008 to the spring of 2009.

Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy over time. Statisticians conventionally measure such growth as the percent rate of increase in the real gross domestic product, or real GDP.. Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate …

Economic development. In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. The term has been used frequently in the 20th and 21st centuries ...

Economic interdependence is the mutual dependence of the participants in an economic system who must trade in order to obtain the products they cannot produce efficiently for themselves. Such trading relationships require that the behavior of a participant affects its trading partners and it would be costly to rupture their relationship. The subject was addressed by A. A. Cournot …

Economic is een historisch motorfietsmerk.. De bedrijfsnaam was: Economic Motors, London. Economic bouwde 165cc-tweetakten met een boxermotor die bij de eerste modellen boven het achterwiel lag.Later kwam de motor op de normale plaats in het frame terecht, eerst als langsgeplaatste motor, later als dwarsgeplaatste motor ingebouwd.. De productie duurde van …

The Economist is a British weekly newspaper printed in demitab format and published digitally that focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East.

Economic growth: A 2016 meta-analysis found that "the effect of inequality on growth is negative and more pronounced in less developed countries than in rich countries", though the average impact on growth was not significant. The study also found that wealth inequality is more pernicious to growth than income inequality.