Keynesian economics is a theory that says the government should increase demand to boost growth. Keynesians believe consumer demand is the primary driving force in an economy. As a result, the theory supports the expansionary fiscal policy. Its main tools are government spending on infrastructure, unemployment benefits, and education. Keynesians believe that, in difficult times, the government can stimulate the economy with some public works projects which, in turn, will increase employment and consumer spending.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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