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The Business Cycle - What Is The Business Cycle? The Business Cycle is the broad, over-stretching cycle of expansion and recession in an economy. The Business Cycle is concerned with many things - unemployment, industrial expansion, inflation rates, but the most important indicator is GDP (Gross Domestic Product) growth. Below you can see a graph of the GDP growth rate in the United States since 1946 - the grey bars highlight periods of a recession. The Business Cycle can… Read More...
Personal Finance
Credit – Using Borrowed Money - What Is Credit? "Credit" is when you have the ability to use borrowed money. This can come in many different forms, from credit cards to mortgages. There is a wide range of ways to use… Read More...Renter’s Insurance - “Rental Insurance” is taken out on property you rent to insure against damage. Rental insurance works like a lighter version of Homeowner’s Insurance. Why Would I Need Rental Insurance? As a renter, this insurance does… Read More...
Short Term Financing - Short Term Financing “Short Term” financing means taking out a loan to make a purchase, usually with the loan term at less than a year. There are many different types of short-term financing, the most… Read More...
Debit – Credit Cards Without Credit - https://youtu.be/Q2DwhcQbVRs Before Debit Cards Before the 21st century, if you wanted to buy groceries or visit the mall, you had 4 options that you could use to pay, all of which had their own drawbacks:… Read More...