You need resources to produce goods and services. Relative to the needs and wants of businesses and people, however, the economic resources to produce them are finite, and therefore subject to ...

The factors of production are the inputs used to produce a good or service in order to produce income. Economists define four factors of production: land, labor, capital and entrepreneurship. These ...

Learn how economic equilibrium balances market forces, the different types of equilibrium, and its applications in real-world ...

What Is Below Full Employment Equilibrium? Below full employment equilibrium is a macroeconomic term used to describe a situation where an economy's short-run real gross domestic product (GDP) is ...

Synopsis: This course will provide an international economics perspective on managing diminishing energy use and increasing sustainable value chains in a global context. Students will analyze how ...