Boomlet refers to a short period of rapid growth in trade and economic activity.
Boomlet
National Debt: What is it and What Are the Implications?
What's it: National debt is money owed by the government to its creditors. The government owes money to cover the budget deficit, where
Discretionary Fiscal Policy: How it Works, Types, Effects
What's it: Discretionary fiscal policy is a deliberate government policy to influence the economy by changing its spending and income. It is
Induced Tax: Examples, How they Work, Effects on the Economy
What's it: An induced tax is a tax in which the rate increases and decreases depending on the taxpayer's ability. So, when our income or wealth
Balanced Budget: Why It Matters, The Multiplier Effect
What's it: A balanced budget is when a government's spending equals its revenue. Therefore, there is no surplus or deficit. So, the government
Budget Surplus: Why It Occurs and Its Effects
What's it: A budget surplus is when the government plans to spend less than it earns. In other words, the government's budgeted revenue is
Tax: Types and Its Impact on the Economy
What's it: A tax is a mandatory levy by the government on an individual or other entity. There are many variations, including income tax, value
Government Budget: Components, Types, and Fiscal Policy
What's it: A government budget is a government's planned expenditures and revenues over a specific period, usually one year. Government revenue
Inflation Rate: How to Calculate, Types, Effects of Economic Policy
What's it: The inflation rate is the percentage change in the economy's prices of goods and services over a certain period. While inflation tells