Four key economic concepts—scarcity ... Scarcity explains a basic economic problem: the world has limited resources and seemingly unlimited needs. This reality forces people to make decisions ...

It studies how the economy behaves, performs, and functions by addressing different economic concepts like gross domestic product (GDP), employment, and inflation. Macroeconomists can use the ...

Two programs are using the principles of Universal Basic Income (UBI) to impact poverty. See why Columbus leaders are interested in the concept.

We use a collection of basic economic concepts including supply and demand, externalities, incentives, property rights, agency conflicts, and information asymmetries. We develop these tools and then ...

Yu said other questions tested basic economics concepts but required students to have some common sense about things that they don’t normally come in contact with. For example, for Q.