Reduction of tariffs and barriers could prevent hunger International trade can compensate for regional food shortages and reduce hunger, particularly by eliminating protectionist measures and other barriers to trade, according to new research. Researchers from…

Adding Bike Lanes can benefit positive economic progress In spite of longstanding public opinion, cycling lanes will potentially boost the industry. In the worst situation, the detrimental effect on revenue and jobs is negligible, according…

Consumers Substantially during the Economic Downturn Private consumption is the major portion of the gross domestic product (GDP). It has a huge effect on the pace of recovery from the global downturn. A recent analysis…

Nobel Prize in Economics 2020 is awarded for improvements to auction theory The Nobel Prize 2020 in Economic Sciences on Monday was awarded to Paul R. Milgrom and Robert B. Wilson “for improvements to auction…

Economic growth is the increase in the production of economic goods and services from one period to another. It is conventionally measured as the percentage rate of growth in real gross domestic product or real…