Cost of goods sold and cost of sales both represent direct costs involved in producing goods or services. However, some companies use one term rather than the other.

BRICS is an acronym for the combined economies of Brazil, Russia, India, China, and South Africa, which some claimed early in this century were poised to dominate the world economy by 2050.

As Donald Trump was being sworn in as president, U.S. consumers were already preparing for what could be the biggest change in global trade policy in a half-century. In a survey conducted in December ...

When companies within the same industry work together to increase their mutual profits instead of exclusively competing with one another, it is known as an oligopoly. Oligopolies are observed ...

In a duopoly, two companies own all or nearly all of the market for a given product or service. A duopoly is the most basic form of an oligopoly.

The latest World Economic Outlook reports a slowdown in global growth as downside risks intensify. While policy shifts unfold and uncertainties reach new highs, policies need to be calibrated to ...