Imagine after a long day at work, you come home to a fresh-cooked home meal. The first many bites bring you lots of pleasure and...

In today's economy, many industries are dominated by just a handful of powerful companies. These industries operate in a way that...

Have you ever seen a firm so powerful that no other firm can come close to competing with it? Think of some big companies like Google in...

We've learned about perfect competition and how the products being sold are nearly identical, but what if these products became...

In the realm of economics, there are multiple types of competition in a single market. One of the most common and easy to understand...

We've all heard of dramatic financial crises and sudden bank failures, often portrayed in movies or historical accounts. But behind these...

We know what the consumer price index (CPI) is from our previous article; it's the change in how much it costs to purchase a basket of...

Inflation is a term that frequently pops up in discussions about the economy, personal finance, and the cost of living. But what exactly...

When you hear news about rising prices or inflation, chances are the Consumer Price Index (CPI) is at the heart of the discussion. This...

Have you ever wondered how rich a country is? Maybe how powerful it is with its money? One of the most commonly used indicators to...