A solid understanding of economics and finance can give small-business owners a leg up in managing their companies. Competition between different firms is a major topic in economics that is also of ...

Fiscal conservatives, including most Republicans, love to extol the virtues of the free market. They’re referring, of course, to the autonomous, self-regulating mechanism of perfect competition lauded ...

Price Takers: Firms in perfectly competitive markets are price takers, meaning they must accept the prevailing market price ...

The movie “Network” is 50 years old, but the iconic sentiment, “I’m mad as hell and I’m not going to take it anymore” is ...

The entry of new firms intensifies competition among existing firms. With more players in the market, firms must strive to improve efficiency, reduce costs, and innovate to maintain their market share ...

In micro-economic textbooks, the main factor assumed to affect the quality of a market is the number of sellers. A single seller, termed a monopolist, is the worst because that seller has maximum ...

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in. The content of this article is provided for information ...

This is a preview. Log in through your library . Journal Information The Southern Economic Journal features original, refereed scholarly articles in all areas of economics as well as contributions on ...