Economic difficulties refer to challenges faced by an empire's economy that can impact its stability and prosperity. These difficulties may include inflation, unemployment, trade imbalances, or fiscal mismanagement.
Related terms
Inflation: Inflation is a sustained increase in the general price level of goods and services in an economy over time. It reduces the purchasing power of money.
Trade Imbalances: Trade imbalances occur when one country imports more goods than it exports (trade deficit) or exports more goods than it imports (trade surplus), leading to economic disparities.
Fiscal Mismanagement: Fiscal mismanagement refers to poor handling of public finances by governments through excessive spending, corruption, or inefficient taxation policies.