Discover four key economic concepts: scarcity, supply and demand, costs and benefits, and incentives. Learn how they affect consumer choices and financial decisions.

Learn how consumer goods vary in price elasticity, with factors like substitute availability and brand influence affecting demand sensitivity.

Amid an ongoing global memory shortage driven by AI companies, will the PS5 console see another price hike? Sony isn't saying yes or no to that question, but it has confirmed it has a supply of memory ...

Over the next year and a half, hospitals’ supply chain teams should expect to see pharmacy price inflation temper while other indirect spending and purchased services jump higher, Vizient wrote in a ...

Editor’s note: This article is the first in an 11-part series examining how the United States should organize, lead, and integrate economic statecraft into strategy, defense practice, and the broader ...

China's semiconductor supply chain is sending a clear signal: a wave of "chip inflation" driven by mature-node manufacturing, memory, and packaging costs is no longer theoretical; it is becoming a ...

The Pulse Newsletter 📣 | This is The Athletic’s daily sports newsletter. Sign up here to receive The Pulse directly in your inbox. Good morning! Earn a Pro Bowl nod today. Coming up: We begin this ...

The Wisconsin Badgers spring football practices won't be for a few months, but any of the incoming 2026 freshman class that want to participate have to enroll early at the school for the spring ...

New LNG export projects coming online and ramp-ups of recently commissioned facilities are expected to drive a 10% jump in global LNG supply this year, as the market shifts from tightness to abundance ...

The University of Illinois Board of Trustees voted to raise tuition, housing and student fees at both the Urbana-Champaign and Chicago campuses. The rates had been frozen for seven of the last 11 ...

CHAMPAIGN, Ill. (WAND) - Illinois guard Keaton Wagler earned Big Ten Freshman of the Week honors for the second straight week. Illinois Athletics said that Wagler received the award for the third time ...

Jan 12 (Reuters) - Oil prices are likely to drift lower this year as a wave of supply creates a market surplus, although geopolitical risks tied to Russia, Venezuela and Iran will continue to drive ...