Nastasic / Getty Images Economic utility is the total amount of satisfaction someone experiences when they consume a particular product or service. There are four types of economic utility ...

Normative economics is subjective and value-based, originating from personal perspectives or opinions involved in the ...

Economic indicators are pieces or sets of macroeconomic data that are indicative of the past, present, or future state of the economy or some part of it. Even outside of the realm of finance, the ...

The vocabulary of economics (at least the types of economics commonly employed by legal scholars) inclines its users to think of all resources and entitlements as commodities. Except in rare ...

Mixed capitalist economies predominate today. Economists classify capitalism into different groups using various criteria. Capitalism, for example, can be simply sliced into two types, based on how ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...