SDI Productions / Getty Images Four key economic concepts consumers should understand are scarcity, supply and demand, costs and benefits, and incentives. These economic forces influence our ...

By looking at the year-on-year change any seasonal effects will be filtered out. Economic indicators that make use of the volume concept include household consumption, international trade, ...

Here is what you need to know. In simple terms, a recession is "a contraction in economic activity" or "when the economy shrinks," said Sameer Samana, senior global market strategist for the Wells ...

The Department of Economics at the University of Nevada, Reno offers an economics minor to help students advance their knowledge of economic concepts and apply their knowledge to real-world scenarios.

The law of demand is one of the most fundamental concepts in economics. Alongside the law of supply, it explains how market economies allocate resources and determine the prices of goods and services.

Behavioral economics has expanded since the 1980s, but it has a long history: According to Thaler, some important ideas in the field can be traced back to 18th-century Scottish economist Adam Smith.

The invisible hand is a concept that was coined by economist Adam Smith to illustrate hidden economic forces. The invisible hand is a metaphor that describes the unseen forces of self-interest ...

He said through its dedication to democracy, social justice, and national progress, Bangladesh Jamaat-e-Islami remains committed to building a prosperous and inclusive Bangladesh where peace and ...