Chapter 29 Food and Energy
It is always important to track large industry categories and how they might be impacting the wider economy, whether you plan on investing in them or not. These are sectors that are the big components of the gross domestic product (GDP) and can have a major impact on labor markets and inflation as well as overall supply and demand. In many countries housing and health care are the largest household expenditures and are huge components of the economy. The cost associated with housing and healthcare in people’s budgets is large in the United States but it is a fairly stable and predictable expenditure from year to year. Therefore, it is unusual for pricing changes in these categories to cause a shock to spending and demand. ...
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