Imagine after a long day at work, you come home to a fresh-cooked home meal. The first many bites bring you lots of pleasure and...

In today's economy, many industries are dominated by just a handful of powerful companies. These industries operate in a way that...

Have you ever seen a firm so powerful that no other firm can come close to competing with it? Think of some big companies like Google in...

We've learned about perfect competition and how the products being sold are nearly identical, but what if these products became...

In the realm of economics, there are multiple types of competition in a single market. One of the most common and easy to understand...

We've all heard of dramatic financial crises and sudden bank failures, often portrayed in movies or historical accounts. But behind these...

We know what the consumer price index (CPI) is from our previous article; it's the change in how much it costs to purchase a basket of...

Inflation is a term that frequently pops up in discussions about the economy, personal finance, and the cost of living. But what exactly...

When you hear news about rising prices or inflation, chances are the Consumer Price Index (CPI) is at the heart of the discussion. This...

Have you ever wondered how rich a country is? Maybe how powerful it is with its money? One of the most commonly used indicators to...

A 401(k) is a retirement savings plan sponsored by an employer. It allows employees to save and invest a portion of their paycheck before...

We've previously talked about loans, but sometimes these loans dont have much flexibility. A type of loan that has more flexibility is...

Interest is a fundamental concept in finance that affects everything from savings accounts to loans and mortgages. Whether you’re a saver...

There are times where we do not have the funds to make a purchase, or when we need help from an external source via borrowing. This is...

In the finance realm, we want to optimize our capital returns and reduce our risk to the best of our abilities. With diversification,...

Emergencies are unexpected. Throughout our lives, sudden events will occur that cost us our time, efforts, and especially our money....

We've all heard of passive income, but did you know there's a way to make passive income on the stocks that you invest in? Beyond just...

Market capitalization, often referred to as "market cap," is a crucial metric for understanding the value of a company in the stock...