Monopolies are quite common in business. If you offer a product or service that no one else has, then you possess a monopoly. In time, competitors probably will aim to match or improve upon your ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Business owners can analyze consumer buying behavior by studying a demand curve, which is plotted on two axes: price and quantity demanded. Demand curves always slope downward, because consumers are ...

AS students at the University of the Philippines School of Economics (UPSE), we have to deal with various economic theories, econometrics and applied economics, involving a deluge of formulas and ...

Discover how high prices and limited supply can lead to permanent demand reduction. Learn about demand destruction's impact on commodities like oil and consumer behavior.

The edifice of economic theory constructed over the last two centuries, to an extent in the shadow of physics, has been refuted time and again.” — Michael Batty, Inventing Future Cities Everywhere you ...