Economics

What Is Turkey’s GDP?

The industrial and service industries dominate Turkey’s mostly free-market and diverse economy, while traditional agriculture still employs roughly 25% of the population. Why is Turkey’s GDP so high? The government’s response to COVID-19 was immediate, although it was centered on lax monetary policy and rapid credit expansion. Turkey’s GDP grew in 2020, making it one

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What Stocks Are Good During A Recession?

During a recession, a solid investing approach is to look for companies that are retaining strong balance sheets or stable business models despite the economic downturn. Utilities, basic consumer products conglomerates, and defense stocks are examples of these types of businesses. Investors frequently increase exposure to these groups in their portfolios in anticipation of declining

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How Can The Price Of Raw Materials Affect Inflation?

In order for cost-push inflation to occur, demand for the affected product must be constant while manufacturing costs are changing. To compensate for the higher production costs, producers hike consumer prices to preserve profit margins while keeping up with predicted demand. What effect does the price level have on inflation? The present price level of

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