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Trickle-Down Economics: Why It Only Works in Theory

Trickle-Down Economics: Why It Only Works in Theory

Trickle-down economic theory states that benefits for the wealthy trickle down to everyone else in the economy. These benefits for the wealt...
5 min read
Inactivity rate
Definitions

Inactivity rate

EconomicsOnline • January 28, 2020 • 1 min read

Inactivity rate – definition

The labour market inactivity rate is the proportion of the population of working age who are not active in the labour market.

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What is the Sunk Cost Fallacy?

What is the Sunk Cost Fallacy?

The sunk cost fallacy explains the tendency to follow through on something if one has already invested money, time, or effort into it, rega...
12 min read

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