With economic concepts, kids need to start early, she said, and build on that knowledge, learning how there’s an opportunity cost when we make choices, and how scarcity dictates what society produces.

Economics is often seen as a complex and abstract field, but understanding the major economic theories can be easier than you ...

By Ing. Nana Yaw Inanna DomenaWhen we hear about economic growth, the first number that usually pops up is GDP-Gross Domestic Product. It measures the total value of goods and services produced in a ...

But now, government statistics that measure the same economic concepts are providing divergent answers to a much greater degree than in the past. We’re truly in uncharted waters.

At Marketplace, we like to take really big economic concepts and break them down into smaller, more digestible pieces. As we near the end of the year, we’re sticking with that framework.

Politics 2022 Proved That Governments Can't Improve on Good Economic Principles We’d all be better off if politicians spared us their experiments in subsidies, wages, and trade.

Conversely, the Volcker recession of the 1980s refuted some of the popular economic models of the 1970s. According to these “equilibrium macro” models, tight money would cause a recession only ...

Inflation and recessions are very different economic phenomena, but they are intrinsically linked. High inflation rates can indicate an impending recession, as businesses react to higher costs by ...

Inflation and recessions are very different economic phenomena, but they are intrinsically linked. High inflation rates can indicate an impending recession, as businesses react to higher costs by ...