What is 'Earned Income' Earned income is income derived from active participation in a trade or business, including wages, salary, tips, commissions...
DefinitionIn economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition. In theoretical models where conditions...
M2 is defined as a “measure of money supply that includes checking deposits (M1) cash as well as (what is colloquially referred to as) near money”. Near Money...
What is labor market flexibility and why is it important
Labor market flexibility is the ability of businesses to respond quickly to changes in market...