Economy

Understanding Economic Growth: Key Drivers and Impact

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What is Economic Growth? Economic growth referrs to the increse in the value of goods and servces produced by a country over time. It is usualy measured by the rise in Gross Domstic Product (GDP). When a nation’s economy grows, it means more jobs, higher incomes, and improved standerd of livng for people. Why is … Read more

Interest Rates: Understanding Their Impact on Economy and Finance

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What Are Interest Rates? Interest rates refer to the cost of borrwoing mony or the return on savings and invesments. They play a crucial role in economic growh and individual financial decsions. When interest rates go up, borrowing becmes more expensve, and when they go down, it becmes cheper. Types of Interest Rates There are … Read more