Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.

At the end of 2023, the economy was in better shape than many people expected. The U.S. did not fall into the recession many economists predicted would occur last year, and inflation had slowed ...

Budget surpluses occur when income exceeds expenses in any budget. Economic surplus arises when supply outstrips demand, lowering prices. Producer surplus increases with cost reductions from ...

Discover what rent seeking is in economics, its implications, and see examples of how entities gain wealth without societal ...