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What Is the Federal Open Market Committee (FOMC)? The term Federal Open Market Committee (FOMC) refers to the branch of the Federal Reserve System (FRS) that determines the direction of…
What Is Reaganomics? Reaganomics is a popular term referring to the economic policies of Ronald Reagan, the 40th U.S. president (1981–1989). His policies called for widespread tax cuts, decreased social…
What Is the Federal Reserve Board (FRB)? The Board of Governors of the Federal Reserve System, also known as the Federal Reserve Board (FRB), is the governing body of the…
What Is Supply-Side Economics? Supply-side economics is a theory that maintains that increasing the supply of goods and services is the engine of economic growth. It advocates tax cuts to…
What Is Laissez-Faire? Laissez-faire is an economic theory from the 18th century that opposed government intervention in business affairs. The driving principle behind laissez-faire, a French term that translates to…
What Is Say’s Law of Markets? Say’s Law of Markets comes from chapter XV, “Of the Demand or Market for Products,” of French economist Jean-Baptiste Say’s 1803 book, Treatise on…
Jean-Baptiste Say (1767-1832) was a French classical liberal economist and scholar. Say was born in Lyon and had a distinguished career. He served on a government finance committee under Napoleon.…
What Is a Central Bank? A central bank is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group…
Note: ZPEnterprises is not a licensed investor/financial advisor, but we are trying to share awareness of financial topics. Please do further research and work with a licensed financial advisor. The…
Keynesian economists believe that the primary factor driving economic activity and short-term fluctuations are the demand for goods and services. The theory is sometimes called demand-side economics. This perspective is…