Terminology

Elasticity in Economics

One of the terms synonymous with the field of economics is ‘Elasticity’.  The term refers to the change in either the demand or supply (the other terms synonymous with economics) curve when there is a […]

Alfred Nobel
Business Stories

Nobel Prize – Economics

In the world of science and higher thinking, no award can compare to the Nobel Prize.  Awarded each year in December, the selected individual or individuals are announced during the 2nd week of October.  The […]