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Stagnation

A prolonged period of slow economic growth, which is also accompanied by high unemployment rates. In general, it characterizes a...

Stagflation

In economics, stagflation or recessionary inflation is a situation characterized by high inflation rates, slow economic growth rate, and persistently...

Smithian Growth

A type of economic growth that reflects increase in trade: expansion of markets, rising volume of trade and deeper division...

Solovian Growth

The economic growth that is brought about or catalyzed by investment. As new capabilities are added to the engine of...