When it comes to measuring the strength of the economy, one of the most important metrics to watch is the gross domestic product, or GDP. This week, the Commerce Department announced the U.S. had ...

Discover the definition, stages, and benefits of economic integration, and explore real-world examples like the European ...

Joe Biden's National Economic Council Director Brian Deese told CNN Monday that America is not in a recession regardless of whether or not Thursday's upcoming economic report shows a second ...

Discover what rent seeking is in economics, its implications, and see examples of how entities gain wealth without societal ...

For the first time since 2009, the U.S. gross domestic product was negative for two quarters in a row. After dropping 1.6% during the first quarter of 2022, the GDP fell another 0.9% in the second ...