Economics
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.
:max_bytes(150000):strip_icc()/GettyImages-50698137-a5c7eb2bf00440fba400dbc3c7c0a20b.jpg)
Who Was John Locke?
:max_bytes(150000):strip_icc()/EqLeftShiftingDemandCurve-b1e98287152541aba7a7942b712c407c.jpg)
What Is Demand Destruction?
:max_bytes(150000):strip_icc()/WWII-GettyImages-515575846-57c41ace3df78cc16e4383ef.jpg)
What Is Efficiency Wage Theory?
:max_bytes(150000):strip_icc()/GettyImages-56178047-56a27e055f9b58b7d0cb4662.jpg)
What Is Performativity in Economics?
:max_bytes(150000):strip_icc()/GettyImages-1277549722-0ebbf85b2b9146f28034bf7a1f8d5b74.jpg)
The Great Gatsby Curve
Explore Economics
:max_bytes(150000):strip_icc()/GettyImages-112073027-56a9a7fb5f9b58b7d0fdb658.jpg)
Are We Headed for a Hyperinflation?
:max_bytes(150000):strip_icc()/investing18-5bfc2b8fc9e77c005143f183.jpg)
Positive Economics
:max_bytes(150000):strip_icc()/roundup_primary_INV_commercebooks2-8089c47f818c437da7a73181870508e6.jpg)
The 8 Best Economics Books of 2022
:max_bytes(150000):strip_icc()/11boy-28ef30c6a13b43c3ae8b73659cb2b4d1.jpg)
What Is Generation Z (Gen Z)?
:max_bytes(150000):strip_icc()/GettyImages-1030831244-4279d87f1272423288e24a9ed9925c80.jpg)
What Is Money?
:max_bytes(150000):strip_icc()/GettyImages-947951936-2b8515aecba94cfcb194eee155918c7f.jpg)
Cost-Push Inflation vs. Demand-Pull Inflation: What's the Difference?
:max_bytes(150000):strip_icc()/thinkstockphotos-186299182-5bfc351cc9e77c00519c7317.jpg)
Pros and Cons of a Trade Deficit
:max_bytes(150000):strip_icc()/budget_jar-5bfc2f29c9e77c005877b2a4.jpg)
What Does the Law of Diminishing Marginal Utility Explain?
:max_bytes(150000):strip_icc()/oil_refinery-5bfc30284cedfd0026c1ed09.jpg)
GDP vs. GNP: What's the Difference?
:max_bytes(150000):strip_icc()/shutterstock_112522391-5bfc2b9846e0fb0051bde2d3.jpg)
Understanding the Difference Between Moral Hazard and Adverse Selection
:max_bytes(150000):strip_icc()/GettyImages-172189355-c87174a65918457fbc5862af754b7e7d.jpg)
Current Account Balance
:max_bytes(150000):strip_icc()/GettyImages-73091378-80249483df79460a974c3b35008d09de.jpg)
What Is the Balance of Payments?
:max_bytes(150000):strip_icc()/148985994-5bfc2b9346e0fb0083c07cc1.jpg)
What Is the Quantity Theory of Money?
:max_bytes(150000):strip_icc()/GettyImages-1211642744-97a9d13f35db4319b8602908e1beb799.jpg)
Adverse Selection
:max_bytes(150000):strip_icc()/investing5-5bfc2b8e46e0fb0026016f0e.jpg)
Business Cycle
:max_bytes(150000):strip_icc()/coins-1035756554-222aa7aa7bef4ebeb56ad33da519648a.jpg)
What Is Capital?
:max_bytes(150000):strip_icc()/pricing-958339894-e5743c24e12547e6a22685cc95589f52.jpg)
Consumer Price Index (CPI)
:max_bytes(150000):strip_icc()/deficit-b203572512a443378b25b3e4b6e244df.jpg)
What Is a Deficit?
:max_bytes(150000):strip_icc()/GettyImages-150337748-74123b73187746fc80dd7f66b3b9d6ed.jpg)
What Is an Economist?
:max_bytes(150000):strip_icc()/airplane-flying-over-container-port-636036276-42ab7bf17d3345bdb0e7eb07f54ace1b.jpg)
Learn What Exports Are
:max_bytes(150000):strip_icc()/investing13-5bfc2b8f46e0fb0026016f4d.jpg)
Free Market Definition
:max_bytes(150000):strip_icc()/investing16-5bfc2b8fc9e77c00519aa657.jpg)
Gross Domestic Product (GDP) Definition
:max_bytes(150000):strip_icc()/investing12-5bfc2b8f46e0fb00517be087.jpg)
Keynesian Economics Definition
:max_bytes(150000):strip_icc()/investing8-5bfc2b8d46e0fb005144dbe3.jpg)
What Is the Law of Supply?
:max_bytes(150000):strip_icc()/200275051-001-5bfc2b8b46e0fb0083c07b92.jpg)
Understanding the Law of Supply and Demand
:max_bytes(150000):strip_icc()/GettyImages-903406624-ed378c877d074058b9ffbfdce1ed1669.jpg)
What You Need to Know About Market Power
What Is a Market?
:max_bytes(150000):strip_icc()/investing4-5bfc2b8ec9e77c0026b4f956.jpg)
Medium of Exchange Definition
:max_bytes(150000):strip_icc()/101405194-5bfc2b8c46e0fb0051bddfc9.jpg)
Who Was Milton Friedman?
:max_bytes(150000):strip_icc()/thinkstockphotos_80410231-5bfc2b97c9e77c0026b4fb20.jpg)
Mixed Economic System Definition and Examples
:max_bytes(150000):strip_icc()/investing6-5bfc2b8ec9e77c005143f13b.jpg)
What Is Monopolistic Competition?
:max_bytes(150000):strip_icc()/investing20-5bfc2b8f46e0fb00517be081.jpg)
How Multipliers Impact Economics
What Is Natural Unemployment?
:max_bytes(150000):strip_icc()/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-968819844-ec6fffc731ca465dac35a3e46f568a60.jpg)
What Is the Net Exports Formula?
:max_bytes(150000):strip_icc()/business_building_153697270-5bfc2b9846e0fb0083c07d69.jpg)
Physical Capital Definition
:max_bytes(150000):strip_icc()/investing19-5bfc2b8f4cedfd0026c1194c.jpg)
Price-Takers: What They Are, How They Work
:max_bytes(150000):strip_icc()/GettyImages-1205829795-18faf8026b224d33ac157e172279061b.jpg)
Government Imposed Quota Can Limit Imports and Exports
:max_bytes(150000):strip_icc()/gdp-increase-636251500-c69345ee97ba4db99375723519a2c1bd.jpg)
Real Gross Domestic Product (Real GDP) Definition
:max_bytes(150000):strip_icc()/investing14-5bfc2b8f46e0fb00265beb22.jpg)
Standard of Living Definition
:max_bytes(150000):strip_icc()/adam-smith-economics_final2-261ec50cfb04406585d7a298858eb4bb.png)
Who Was Adam Smith?
:max_bytes(150000):strip_icc()/GettyImages-1162665906-7a2a2cab1af9415ebd4bf811b0c7102e.jpg)
Normative Economics
:max_bytes(150000):strip_icc()/GettyImages-1295903823-f2e0f16f778844e0806876fa80a0262d.jpg)
Positive vs. Normative Economics: What's the Difference?
:max_bytes(150000):strip_icc()/Economies-of-Scale-56a093c45f9b58eba4b1b0b2.jpg)
Microeconomics vs. Macroeconomics: What’s the Difference?
:max_bytes(150000):strip_icc()/GettyImages-904268154-ccc4cca34e894f6896f4c782c74d0868.jpg)
What Is a Bureaucracy?
:max_bytes(150000):strip_icc()/part-of-the-production-line-at-ford-s-highland-park-factory--detroit--michigan--usa--c1914--463916295-5eea730e99e84d45923bfbbefff2669a.jpg)
Creative Destruction Definition
:max_bytes(150000):strip_icc()/uber-inspired-on-demand-delivery-apps-3485936-1-5b84306cc9e77c0057041ef4.jpg)
Derived Demand Definition
:max_bytes(150000):strip_icc()/GettyImages-172204552-c360d89ef73e4fb0ae70742b2b360012.jpg)
Dumping
:max_bytes(150000):strip_icc()/GettyImages-936538294-8b8f880b41e64d93a76a6a8138edc902.jpg)
Understanding Externalities
:max_bytes(150000):strip_icc()/friedrich-hayek-515257540-edff4c688a5043f290f71439566a8881.jpg)
Business Activities Are Unfettered in a Free Enterprise System
:max_bytes(150000):strip_icc()/investing7-5bfc2b8d46e0fb0051bddff8.jpg)
What Is the Gini Index?
Reading Into Human Capital
What Is the Invisible Hand in Economics?
Marginal Revenue Product (MRP)
:max_bytes(150000):strip_icc()/What-Is-a-Stock-Exchange-56a0937a3df78cafdaa2d9be.jpg)
Mass Production Definition
:max_bytes(150000):strip_icc()/close-up-of-stock-market-data-on-digital-display-1058454392-d38a3790c09544038aab63a623c466ba.jpg)
Purchasing Managers' Index (PMI) Definition
:max_bytes(150000):strip_icc()/abstract-triangle-shaped-background--mechanical-industry-welding-sparks-510330474-9f5c6870ee564b10b1d0d9447207c394.jpg)
Raw Materials Definition and Accounting
:max_bytes(150000):strip_icc()/GettyImages-1297736242-21838b193c3249af92e51d7e74ae695e.jpg)
Who Is Robert C. Merton?
Scalability: What It Is, and How It Works
:max_bytes(150000):strip_icc()/La_Boqueria-5486d0afe40745f0a45c9c99e98345c9.jpg)
Seasonality
Seigniorage Definition