Economics

Economies of scale invariably benefit firms. This occurs when "total costs rise less than proportionally to production increases" (Piana, 2003, p. 3). In other ...

Economic regulation is defined as any law, statute, or governmental action that alters the function of markets in some way. It can be an ...

The fundamental trouble with the formula multiplier is that it is too simple to reflect consumers’ actual purchasing habits. It is far too facile ...

When discussing matters of economic growth and sustainable development, many variables and manipulatable factors come into play. In short, predicting the sustainability of a ...

The minimum wage was initially set by the Fair Labor Standards Act in 1938 to establish a standard amount that employees could pay their ...

The presidency of Herbert Hoover saw the 1929 stock market crash and the onset of the Great Depression. Franklin Delano Roosevelt was elected largely ...

In 1999, Congress repealed the Glass-Steagall Act. The historic maneuver removed a set of controls implemented since the Great Depression era of 1933 in ...

The often misunderstood philosophies of Karl Marx are in many respects consigned to the symbolic dustbin of 19th and 20th century history, and a ...

The wealth of America rests in the hands of just one percent of the country. Therefore it is not a long stretch of the ...

Any Western country attempting to expand its business into the Japanese market will encounter a number of challenges that are almost unique to this ...