Self-interest describes actions that are intended to result in personal gain. It comes with both pros and cons.

Positive economics is a fact-based analysis of what is occurring in an economy, without making prescriptions of what should or should not be happening.

Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...

Back in 2019, when Elizabeth Warren was running for president, the US senator from Massachusetts described herself as a “capitalist to my bones.” But not so much an American-style capitalist, it ...

The bidding process for the 2022 Olympics was a disaster for the International Olympic Committee. Democratic nations are no longer buying the argument that hosting the games is a wise investment.

Economics becomes easier and more scoring for Class 10 students when concepts are linked to real-life examples. Board examiners focus on clarity, correct terminology and logical application. With ...