Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Secretary of Energy Rick Perry sparked disbelief on Twitter Thursday after he tried to offer an economics lesson while touring a coal plant in West Virginia. "Here's a little economics lesson: supply ...

Understanding the interplay of economic factors that help increase demand can allow small businesses to plan for potential growth and future opportunities. Aggregate demand relates to the total amount ...

Supply and demand are supposed to run together: If there's a demand for your product, you supply it. In practice, this doesn't always work. Consumers who'd love your product may have never heard of it ...

The sudden closure of businesses around the world has contributed to a massive economic shock, and policy makers have scrambled to try to contain the damage. To many, it has seemed a clear supply ...

My economic forecast comes out to 2.7% growth in inflation-adjusted GDP for this year and 2.8% for next year, but with a bigger than usual uncertainty: Can we actually produce more stuff with our ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

A rip in the fabric of the economy won’t be healed easily, and denial of the severity of the crisis won’t solve it. By Neil Irwin Despite it all — a nation on edge, with an untamed pandemic and ...

The fundamental principles of economics are based on human nature and do not change regardless of how they are interpreted. People behave certain ways on an individual and societal level based on the ...