DefinitionThe Gas Exporting Countries Forum is an intergovernmental organization of 16 member states that 11 of the world's leading natural gas producers made up...
What is 'Wage-Price Spiral' The wage-price spiral is a macroeconomic theory used to explain the cause-and-effect relationship between rising wages and rising...
Definition
The Great Recession was a period of general economic decline observed in world markets during the late 2000s and early 2010s. The scale and...
DefinitionGeneric brands of consumer products are distinguished by the absence of a brand name. It is often inaccurate to describe these products as "lacking...