Economics is a social science concerned with the production, distribution, and consumption of goods and services. It's comprised of broader macroeconomics and consumer-centric microeconomics.
Stacks of banknotes in a Berlin bank during the hyperinflation in 1920s Germany
Are We Headed for a Hyperinflation?
Positive Economics
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The 8 Best Economics Books of 2022
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What Is Generation Z (Gen Z)?
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What Is Money?
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Cost-Push Inflation vs. Demand-Pull Inflation: What's the Difference?
Pros and Cons of a Trade Deficit
What Does the Law of Diminishing Marginal Utility Explain?
GDP vs. GNP: What's the Difference?
Understanding the Difference Between Moral Hazard and Adverse Selection
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Current Account Balance
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What Is the Balance of Payments?
What Is the Quantity Theory of Money?
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Adverse Selection
Business Cycle
What Is Capital?
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Consumer Price Index (CPI)
What Is a Deficit?
Businessman Looking at Bar Graph
What Is an Economist?
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Learn What Exports Are
Free Market Definition
Gross Domestic Product (GDP) Definition
Keynesian Economics Definition
What Is the Law of Supply?
Understanding the Law of Supply and Demand
Logistics and Transportation of International Container Cargo Ship and Cargo Plane
What You Need to Know About Market Power
What Is a Market?
Medium of Exchange Definition
Who Was Milton Friedman?
Mixed Economic System Definition and Examples
What Is Monopolistic Competition?
How Multipliers Impact Economics
What Is Natural Unemployment?
Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunrise, logistic import export and transport industry background
What Is the Net Exports Formula?
Physical Capital Definition
Price-Takers: What They Are, How They Work
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Government Imposed Quota Can Limit Imports and Exports
GDP increase
Real Gross Domestic Product (Real GDP) Definition
Standard of Living Definition
Adam Smith
Who Was Adam Smith?
Markets Open In New York After A Volatile Week
Normative Economics
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Positive vs. Normative Economics: What's the Difference?
Economies of Scale or Economics of Scale
Microeconomics vs. Macroeconomics: What’s the Difference?
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What Is a Bureaucracy?
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Creative Destruction Definition
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Derived Demand Definition
Businesswoman Analyzing Investment Charts With Laptop
Understanding Externalities
Friedrich Hayek
Business Activities Are Unfettered in a Free Enterprise System
What Is the Gini Index?
Reading Into Human Capital
What Is the Invisible Hand in Economics?
Marginal Revenue Product (MRP)
New York Stock Exchange
Mass Production Definition
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Purchasing Managers' Index (PMI) Definition
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Raw Materials Definition and Accounting
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Who Is Robert C. Merton?
Scalability: What It Is, and How It Works
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Seigniorage Definition