When it comes to economics, scarcity and scale of preference are two different concepts. Scarcity refers to limited resources ...

Stanlib chief economist Kevin Lings unpacks why last night’s bigger-that-expected US rate cut is excellent news for SA.

Investopedia / Matthew Collins There are two types of economic surplus: consumer surplus and producer surplus. Both are mutually exclusive, in that what's good for one is bad for the other.

Labour could spend more without big tax rises under new Budget rules Sir Keir Starmer has hinted borrowing rules could be ...

Former President Donald Trump and Vice President Kamala Harris both want to lower prices, but whether their proposals would ...

Each side said the other was mischaracterizing how large local dairy and poultry farmers operate and what the measure’s ...

Trump said this commission will conduct “a complete financial and performance audit of the entire federal government.” ...

Definition: True cost economics is an economic model that includes the cost of negative externalities associated with goods and services. Description: If the prices of goods and services do not ...

Definition: Road transport means transportation of goods and personnel from one place to the other on roads. Road is a route between two destinations, which has been either paved or worked on to ...

Today, it is common to weigh both salary and quality of life when considering how good or bad a job is ... The country's economic growth is primarily due to pharmaceuticals, energy, and services ...

In conclusion, the AAR ruled that MCM Pacific’s procurement and export plans from Lanco Kondapalli Power Ltd would not be ...

Kentucky again had the econd fastest growth in clean energy jobs, though still lagging in he actual number of such jobs, ...