A surplus occurs when assets or goods exceed demand. Learn about different types of surplus, their impact on economies, and examples of surplus scenarios.
Inflation versus deflation? Bull market versus bear market? The economy is confusing enough for the average person without all the jargon. While most Americans just want to know how much a carton of ...
Learn how economic equilibrium balances market forces, the different types of equilibrium, and its applications in real-world ...
An economic shock, also known as a macroeconomic shock, is any unexpected event that has a large-scale, unexpected impact on the economy. Many, but not all, economists also say that a shock has to be ...
Behavioral Economics is the application of psychology to the field of economics. It describes the role that psychology plays among consumers, employers, and governments, which then impacts markets and ...
This year’s Nobel Prize for economics is unusually pertinent. It honors three scholars who, in different ways, have tried to ...
Economic profit contrasts from net income by subtracting both usual costs and missed alternative profits. Short-term economic losses may lead to long-term gains if underlying business strategies ...
The White House economic adviser, when grilled on concerns of a recession on Sunday, assured Americans that the answer to whether the Biden administration was doing everything possible to increase ...
What is an economic supercycle? An economic supercycle typically refers to a prolonged period of expansion, which can last as long as a few decades. Opinions vary among economists as to the exact ...