A credit report is a detailed record of an individual’s credit history, used by lenders, landlords, and even employers to assess...

In the world of game theory (oligopolies) , the Nash equilibrium is a concept that describes a situation in which no player can improve...

This is a term that many of us have not heard of. In fact, it might seem like just another complex economic concept, but Pigouvian taxes...

In an era where our lives are increasingly digital, financial scams are on the rise. From deceptive emails to elaborate investment...

While it surely brings numerous emotional consequences to the lives of both people involved, a divorce in America also brings about a...

Microloans are small, short-term loans designed to help individuals and small businesses access capital that might not be available...

Understanding liquidity is essential for anyone involved in finance or personal investments. In simple terms, liquidity refers to how...

Imagine you’re planning a road trip. You start off by checking the weather forecast for the coming days, and depending on whether you see...

Ever wanted to start your own business? Have you thought about reaping endless profits without having to follow the commands of your...

In today's world, people are more hooked on side hustles than ever before. The opportunity of work such as freelancing or more autonomous...

Imagine two friends, John and Mike. John loves apples and buys them from Mike every week. However, instead of buying the apples right...

In any industry, there are restrictions in place that are referred to as barriers to entry . Essentially, we are unable to, or have a...

In recent years, issues around the environmental health of not only our country but our Earth have been on the rise. People are more...

When there is new technology being made, a decline in consumer demand, and even a lack of education, part of an economy's workforce will...

After reading about frictional unemployment from our last discussion, you now have a good look at unemployment itself. However, there is...

Unemployment is a tricky topic that many people misunderstand. There is more to the definition than simply "not having a job." The Bureau...

In economics, not all markets are efficient. In fact, market inefficiency is a common phenomenon that occurs when supply fails to meet...

Private goods are a fundamental concept in economics that differ significantly from public goods. Unlike public goods, private goods are...

The availability of a good and whether its use by one person restricts its use by others determine the type of "good" it is. In...

When evaluating a company's earnings and financial health, a statement of retained earnings is a great way to give you more information....