"Destiny is no matter of chance. It is a matter of choice. It is not a thing to be waited for, but a thing to be achieved." -- William Jennings Bryan
The White House warned Wednesday that President Barack Obama would veto the Republican proposal to avoid the so-called 'tax gap', self-styled 'Plan B', if approved by Congress.
This article represents a brief overview of the fiscal cliff and what it means to the average American.
A lot has been written about how and why we spend money.Why some of us are spendthrifts and others misers.Well there is a huge interregnum of consuming behaviour that is scientific and calculated and also irrational and devoid of thought.This tends to bundle all in one sane bundle th...
Cross elasticity of demand can determine if a monopoly exists or not. If the demand for a product is greater than one, then there is the opportunity that consumers will take their business elsewhere and the firm has less control of the market.
What is “Gross Domestic Product” (GDP), and how is it determined each month? What does the term “Recession” mean and how do we know when one occurs? How does government intervene to move the economy out of a recession?
Self-interest stimulates our economy because people are different and have different interests to pursue like education, work, commercial goods, and religion.
China is forecasted to be the world's largest economy by the middle of this century. Is this a prediction that will come true?
I really dislike sounding inflammatory. Saying that things are going to go terribly wrong runs a risk of being classed with those who think the world will end in December 2012 because of something Nostradamus or the Bible says, or because that’s what the Mayan calendar predicts.
In the great spirit of capitalism, we as people can still only predict and guess as to what the economy will do next, as if it were a ADD 5 year old. Here is my idea as to dissolve some of that doubt.