Learn about market failure in economics, where supply and demand imbalances lead to inefficient distribution, its types, and causes.

Real gross domestic product (GDP) had another negative quarter and data showed it at -0.9 percent. Although an increase from the first quarter, which came in at -1.6 percent, it marks the second ...

On April 28, America learned that the national GDP had fallen by 1.4% in the previous quarter. It was the most significant economic contraction since the pandemic shuttered the economy almost exactly ...

The U.S. economy shrank for two consecutive quarters this year, increasing speculation that the country could be headed for a recession. But does two straight quarters of economic decline mean we’re ...

Unfortunately, it’s hard to determine that the economy is in a recession until it has already actually set in. With the economy now dangerously close to a state of recession, or perhaps even already ...