Economics gets its fair share of ribbing, including snark along the lines of "if you're so smart why aren't you rich"? Yet economic concepts can help with financial decisions. Economic reasoning does ...

When an investor is analyzing and comparing options, opportunity cost reflects the potential benefits that the investor gives up by electing against some of the options. Read on to learn about the ...

Labor Day has become a government-sponsored PSA that unions use to take credit for every worker gain and offer unionization as the answer to every worker complaint. Near the top of their annual ...

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 ...

Businesses earn revenue through running their operations but must spend on expenses in order to start up those operations and keep them running. The word "income" has a special meaning in business, ...

In the new report “The Opportunity Costs of Socialism,” President Trump’s economic team tries to debunk the notion that the Nordic countries — Denmark, Finland, Iceland, Norway, and Sweden — should be ...

Stipica Mudrazija ([email protected]) is a senior research associate at the Income and Benefits Policy Center, Urban Institute, in Washington, D.C. Older Americans living in the community who need ...

Economic profit contrasts from net income by subtracting both usual costs and missed alternative profits. Short-term economic losses may lead to long-term gains if underlying business strategies ...

Labor Day has become a government-sponsored PSA that unions use to take credit for every worker gain and offer unionization as the answer to every worker complaint. Near the top of their annual ...