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Buildings in Rio de Janeiro, demonstrating economic inequality. Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, [1] a lower population-wide satisfaction and happiness [2] [3] and even a lower level of economic growth when human capital is neglected for high-end consumption. [4]
Global aggregate costs (also known as global damages or losses) sum up the predicted impacts of climate change across all market sectors (e.g. including costs to agriculture, energy services and tourism) and can also include non-market impacts (e.g. on ecosystems and human health) for which it is possible to assign monetary values.
August 15, 2024 at 6:50 AM. The annual inflation rate has cooled, new data from the U.S. Bureau of Labor Statistics revealed on Wednesday. The July consumer-price index shows an annual inflation ...
Spillover (economics) In economics, a spillover is a positive or a negative, but more often negative, impact experienced in one region or across the world due to an independent event occurring from an unrelated environment. [ 1] For example, externalities of economic activity are non-monetary spillover effects upon non-participants. Odors from ...
Grace O'Donnell. Updated August 1, 2022 at 2:09 PM. Extreme weather events, from droughts to floods, have inflated global food prices beyond the effects of the Russia-Ukraine war — and climate ...
Price discrimination. Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different market segments. [ 1][ 2][ 3] Price discrimination is distinguished from product differentiation by the more substantial difference in production cost ...
t. e. Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. [ 1] Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP).
Examples of the effects of climate change on agriculture: 2019 flooding of Toki River caused by Typhoon Hagibis, which was exacerbated by climate change; [ 1] increase in global leaf area primarily caused by the CO2 fertilization effect; [ 2] 2020–2023 Horn of Africa drought, the worst drought on record and made worse due to the effects of ...