Business
What is a subsidy, and why are they so hard to remove?
A subsidy is government support that lowers a price or props up an income. The economics are contested; the politics of withdrawing one are consistently brutal.
Topic
economy
Business
Nominal GDP and real GDP: what the difference actually tells you
Nominal GDP measures output at today's prices. Real GDP strips inflation out. Confusing the two makes an economy look like it is growing when it may not be.
