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 ...

It studies how the economy behaves, performs, and functions by addressing different economic concepts like gross domestic product (GDP), employment, and inflation. Macroeconomists can use the ...

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 ...

Two programs are using the principles of Universal Basic Income (UBI) to impact poverty. See why Columbus leaders are ...

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, ...