Deadweight loss (DWL) is an economic concept that measures the inefficiency in a market caused by external factors such as taxes, subsidies, or price ceilings. This article will guide you on how to ...

Total surplus is used in economics to measure the combined welfare of both producers and consumers in a market. It shows how beneficial transactions can be for all parties involved. To calculate total ...

Firms usually decide how many workers to employ based on how much income each worker generates for the company after deducting employment expenses. Managers estimate how much income workers generate ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

To set prices that produce sales, small business owners need to understand the demand curves and inverse demand curves for their products and services. Knowing how each curve works will help owners ...

Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Katharine Beer ...