#Economics

Stories tagged “Economics”.

15 stories
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World 5 min read

What Is GDP? A Plain-English Guide

GDP is the total value of everything a country produces in a period, and the headline gauge of the economy's size. Here is how it is…

Liam Chen
World 5 min read

What Is the World Trade Organization?

The World Trade Organization sets the rules for global trade and settles disputes between countries. Here is what the WTO does, the…

Liam Chen
World 6 min read

What Is a Currency Peg?

A currency peg ties one country's exchange rate to another currency to keep it stable. Here is how pegs work, why governments use them, and…

Liam Chen
World 6 min read

Purchasing Power Parity Explained

Purchasing power parity adjusts for the fact that money buys more in some countries than others. Here is what PPP means, how the Big Mac…

Liam Chen
World 6 min read

How Country Credit Ratings Work

A sovereign credit rating is a verdict on how likely a government is to repay its debt. Here is what the letter grades mean, who issues…

Liam Chen
World 5 min read

What Is a Credit Crunch?

A credit crunch is a sudden, severe tightening of lending across the economy. Here is what causes one, how it spreads, and what governments…

Marcus Vale
World 5 min read

What Is a Sovereign Wealth Fund?

A sovereign wealth fund is a state-owned investment fund that puts a country's surplus money to work in assets around the world. Here is…

Marcus Vale

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