Trying to save money? Research suggests paying in cash—while you still can
Cash is in crisis. In Australia, it's now only used for 16% of in-person transactions, down from about 70% in 2007.
Cash is in crisis. In Australia, it's now only used for 16% of in-person transactions, down from about 70% in 2007.
Social Sciences
Jun 5, 2024
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Strong local newspapers are tied to greater support for funding dams, sewers, and other basic infrastructure vital to climate resilience, according to a new study by researchers at UCLA and Duke University.
Political science
May 10, 2024
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Citizens are often deeply concerned about how the government manages public finances and taxes. However, understanding government fiscal policy can be complex, leaving citizens without a complete picture of the factors guiding ...
Political science
May 9, 2024
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Canada is currently experiencing anemic economic growth, meaning there is a slowdown in the total production of goods and services per capita. The real GDP growth forecast for 2024 is 0.7 percent.
Economics & Business
Apr 25, 2024
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Climate change is threatening America's water infrastructure as intensifying storms deluge communities and droughts dry up freshwater supplies in regions that aren't prepared.
Environment
Apr 15, 2024
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Top management teams at most businesses are charged with maximizing shareholder wealth, making any actions that impede this goal their sole responsibility.
Economics & Business
Apr 11, 2024
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Consumer sentiment generally refers to consumers' attitudes and expectations about economic conditions. A new analysis published in Economic Inquiry indicates that U.S. party affiliation has a significant effect on consumer ...
Economics & Business
Mar 20, 2024
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Russia's invasion of Ukraine and the conflict in Gaza, have left tens of thousands dead and sent shockwaves across Europe and the Middle East. But—brutal and tragic as they are—the wars in Ukraine and Gaza are regionally ...
Social Sciences
Mar 20, 2024
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How to adapt to the impacts of climate change—and who should pay—was a key topic of debate at COP28. New research from the University of Oxford analyzes 8,000 government policies across 88 countries to reveal how COVID-19 ...
Environment
Feb 6, 2024
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As the festive season approaches, Dr. Joy Malala, a consumer credit researcher from the University of Warwick, sheds light on the heightened financial burden faced by vulnerable families during this period.
Social Sciences
Dec 14, 2023
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Consumption is a common concept in economics, and gives rise to derived concepts such as consumer debt. Generally consumption is defined by opposition to production. But the precise definition can vary because different schools of economists define production quite differently. According to some economists, only the final purchase of goods and services constitutes consumption, and every other commercial activity is some form of production. Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. "the selection, adoption, use, disposal and recycling of goods and services").
Likewise, consumption can be measured by a variety of different metrics such as energy in energy economics . The total consumer spending in an economy is generally calculated using the consumption function, a metric devised by John Maynard Keynes, which simply takes the aggregate disposable income and multiplies it by a "marginal propensity to consume". This metric essentially defines consumption as the part of disposable income that does not go into savings. But disposable income in turn can be defined in a number of ways - e.g. to include borrowed funds or expenditures from savings.
This text uses material from Wikipedia, licensed under CC BY-SA