Businesses of all sizes, including small businesses, can benefit from a basic understanding of specific economic concepts. Beyond the basic concepts of supply and demand, a small business owner must ...

A profit-maximizing firm focuses on raising net earnings and proving profitability to investors whenever possible. While businesses often fall into profit-seeking behaviors naturally, there are other ...

The price of oil is the biggest factor in gasoline prices. But another factor has been pushing fuel costs higher for the last three years: gas station profit margins. New research by economist Michael ...