National debt: a weighty term often tossed around in economic news. But fear not! It simply refers to the money a government owes its creditors. This debt accumulates when a government spends more than it collects in tax revenue, resulting in a
National Debt
Austerity Policy: Balancing Debt vs. Growth (Pros & Cons)
What's it: Austerity policy is an action by the government to reduce government debt. The government usually adopts it when debt is too high, hence weighing economic performance. High debt tends to be out of control. It is dangerous and