Discover what rent seeking is in economics, its implications, and see examples of how entities gain wealth without societal contribution through lobbying and other means ...

Although nearly a quarter of Americans (23%) say socialism means equality, fewer (17%) correctly identify socialism as an economic system where the government controls key factors of production and ...

Economic growth and economic development are fundamental concepts in economics, often used interchangeably, yet they ...

Supply-side economics, often deemed by opponents as “Trickle-Down” economics, is a macro-economic theory that argues sustained economic growth is spurred primarily by lowering taxes on the wealthy and ...

Latest national activity index suggests more slowing in U.S. Economic momentum is a general term that describes something very important. Every month the Chicago Federal Reserve produces its National ...

From 2013 to 2016, the top 10% of U.S. households increased their share of total wealth from an amazing 75.3% to a stunning 77.2%. LM Otero / AP “The one who dies with the most toys wins.” “Them that ...

Will a recession come in 2023? Whether or not a period of economic downturn — typically characterized by declining GDP, high unemployment and a lack of growth — prompts an official designation from ...

A surplus occurs when assets or goods exceed demand. Learn about different types of surplus, their impact on economies, and examples of surplus scenarios.