Examlex
Compare the consensus, conflict and interactionist views of crime and how each would explain harsher penalties for street crimes.
Recession
A temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
Transfer Payments
Payments made by governments to individuals without any goods or services being received in return, such as welfare, social security, and unemployment benefits.
Federal Budget Deficit
The amount by which a government's expenditures exceed its tax revenues over a specific fiscal period, leading to borrowing or debt accumulation.
Economic Growth
Growth in the inflation-corrected value of goods and services that an economy outputs over time.
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