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Economic Growth - What is Economic Growth? Economic Growth means that the economy is growing - more goods and services are being produced and consumed than they were before. The most common measurement of economic growth is the Gross Domestic Product (or GDP), which measures the total number of finished goods and services produced in an economy in a year. Why is Economic Growth important? Economic growth means that more things of more value are being produced now… Read More...
Personal Finance
Reconciling Accounts - Your parents probably have experience reconciling their checkbook by comparing your own written records with their bank statements. In today’s world, reconciling your checkbook isn’t a common activity for two reasons: Paper checks probably only… Read More...
Contracts - Definition A "Contract" is a legally binding agreement between two parties (people, companies, or both). Having a contract means that if one party does not keep their word, the other can sue them in court… Read More...
Insurance - Insurance is protection from losing or damaging something. It is defined as the transfer of loss risk in exchange for payment. Basically, if we damage or lose something that was insured, the insurance will cover… Read More...
Homeowner’s Insurance - Homeowner’s Insurance is a broad type of insurance coverage designed to cover a home and the property it sits on. This insurance is very broad, wrapping many different types of coverage into one package. If… Read More...