Economic Effects

Definition

Economic effects refer to the impacts or consequences that arise as a result of certain actions or events within an economic context. These effects can include changes in production levels, employment rates, income distribution patterns, consumer behavior, etc.

Related terms

Inflation: The general increase in prices and fall in purchasing power of money over time.

Income inequality: The unequal distribution of income among individuals or groups within a society.

Market economy: An economic system where production, distribution, and pricing decisions are determined by the interactions between buyers and sellers in the marketplace.