A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.

Discover how the invisible hand in economics guides free markets, using self-interest to achieve societal benefits. Learn why ...

We tend to take it for granted that our economy is a market economy. Mainstream economics is particularly committed to that idea. Indeed its core concepts depend on it: supply and demand curves ...

Discover mercantilism's principles and its role in history as a national wealth-building strategy focusing on trade, gold, ...

Economic downturns explained: What is a recession vs. a depression? What happens to inflation during a recession? Historically, when the economy has slowed, inflation appears to remain high.

A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.