Category: Economics
Plutonomy
WotD: Plutonomy Here is a word you may have never heard, but it is itself an explanation for much of the chaos in the Western world today: plutonomy. Plutonomy is an economic term that describes a society where wealth is concentrated in the hands of a small and extremely wealthy group of individuals with substantial…
Stagflation
Word of the Day: Stagflation Today, we are going to get into some economic terminology. Let’s talk about stagflation. Stagflation is an economic condition characterized by three main factors: stagnant economic growth, high unemployment, and high inflation. This unusual combination creates challenges for governments and policymakers, as traditional methods to combat inflation can worsen unemployment…
Disposable income
WotD: Disposable income On Thursday, in the first post of the week, we looked at the word shrinkflation, which occurs when companies shrink product sizes instead of increasing the price. Today we will examine and explain disposable income. Most people earn income from investments, jobs or in other ways. After paying your taxes and all…
