Basic Economic Concepts

Ever since British economist John Maynard Keynes introduced his economic theories in the 1930s, there has been an ongoing debate...

Politicians from both sides of the aisle frequently speak of the unemployment rate as an important economic indicator. And indeed...

We all know of the existence of the Internal Revenue Service (IRS) thanks to the tax returns we file every...

Where politics and economics meet, we often hear terms such as 'Keynesian economics', 'Keynesian theory', and the 'Keynesian model' bandied...

The U.S. monetary system, as with most others, was built on the principle of hard currency. However, the definition of...

Las Vegas was not always the investor-owned entertainment venue it is today. Prior to the 1970s, most of the valuable...

Governments around the world measure economic strength based on the combination of a number of factors. One of the factors...

Are you familiar with how the U.S. income tax system works? Do you understand that it is a progressive system...

Government and independent economists use a minimum of 12 economic indicators to help them determine how the U.S. economy is...

Whenever an individual buys securities, he or she must consider what is known as face value. Unlike the face value...

The European Central Bank (ECB) is now in the process of implementing its own quantitative easing program modeled after what...

We hear a lot about government debt, also known as the public debt, during election season. However, once the votes...

Take a look at your next pay stub. There should be a heading labeled FICA along with a specific dollar...

Every night on the evening news, you see numbers relating to the Dow Jones Industrial Average (DJIA) and the S&P...

Now that the 2014 midterm elections are behind us, political pundits and economists are turning their eyes to the 2016...

The Better Business Bureau, also known as the BBB, is a nonprofit organization involved in consumer advocacy since 1912. American...

When you hear politicians mention economic policies, do you understand what they are talking about? If not, it's important that...

Anyone who has purchased a home has probably heard the term "amortization". However, that does not necessarily mean every homeowner...

We hear an awful lot about inflation, especially during tough economic times, but what about deflation. The concept of deflation...

The Clayton Act, also known as the Clayton Antitrust Act of 1914, was introduced to correct some of the inadequacies...