A solid understanding of economics helps build a strong foundation in almost every area of life. Here are four economic concepts consumers need to know.

In the business curriculum, Duff shows how other basic principles and concepts can be related to studies of business and the goal of developing personal economic competency. The Journal of Economic ...

More than 70% of American adults in a recent survey said they're as interested in economics as in politics, business, and finance. But half flunked an elementary quiz on basic economic concepts. The ...

The law of supply and demand explains how changes in a product's market price relate to its supply and demand. Demand for basic necessities is less responsive.

Trends and business cycles are two common economics concepts that business managers should understand so they can understand economic news and effectively communicate with potential investors and ...

For that subject, we had an excellent young lay teacher from Australia who patiently took the boys through basic concepts in a way that captured the imagination with its elegance and simplicity.