Consider this question that seems like a riddle: What is the difference between demand and quantity demanded? They sound like two sides of the same question, but they're actually different – and ...

Wow. It’s not often a chart can say so much about human behavior, economic theory, oil consumption and maybe even the future of energy all in one spreadsheet column. For one thing, the data I show ...

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 ...