The small business economy in the United States is larger than
most economies worldwide. In these articles, we examine the interplay
between small businesses and the economy. We also look at economic
principles and events and how they might impact small businesses.
- Bad News About Oil Prices - Oil prices may be high, but recent downtrends prove that not all of it is speculation. When the laws of supply and demand interact, you can see it reflected in prices. Recessionary concerns are a simple catalyst for the downward spike in oil prices. More...
- Basic Guide to Markets - Markets provide our economy with many services and perks. Learn how they work together to help facilitate our fast paced global economy. More...
- Make Supply and Demand Work for Your Business - Understanding the pushes and pulls of supply and demand can enable you to create a business model suited to your company's strengths. This article briefly goes over how simple economics can play a real life roll if your business planning. More...
- Introduction to Demand - As an entrepreneur, you probably spent some time trying to figure out how demand works, especially for the products that you are selling. This article will teach you the very basics of demand. More...
- The Law of Demand - As an entrepreneur, you probably spent some time trying to figure out how demand works. Lucky for you, economists have already done some of the thinking for you. This article will help you understand the law of demand by introducing the law of diminishing marginal utility, the income effect, and the substitution effect. More...
- Economic Basics for Entrepreneurs - Basic economic concepts are tools every entrepreneur should be familiar with. What is economics and why is it important for entrepreneurs? Read this article to find out. More...
- Three Basic Economic Questions - As an entrepreneur and as an economic agent, there are three basic economic questions you should ask when deciding how to allocate scarce resources More...
- Opportunity Cost - The concept of opportunity cost is central to economics and economic thinking. Understanding opportunity cost will help you determine the true value of decisions. More...
- Comparative Advantage - The concept of comparative advantage is one of the most elegant concepts in economics and can be used as a powerful analytical tool by the entrepreneur. This article will help you understand how comparative advantage works through examples. More...
- Change in Demand - As the time changes, demand for different products changes. As an entrepreneur, you want to stay one step ahead of the herd. This article will help you understand the determinants of demand. More...
- Price Elasticity of Demand - How sensitive are the consumers to price changes? This article will help you understand how the price elasticity of demand works. More...
- Economic Growth - We discuss economic growth and the factors that make economic growth possible. More...
- Economic Growth Theories - Take a look at the major economic growth theories and how they measure up to real-life situations. More...
- Introduction to Economics - This article briefly goes over the fundamentals of economics so that as a small business owner you can understand the forces at play in the market place. More...
- Structure of Markets - We review the theory of markets and discusses their structure in more detail. There are different kinds of markets, and they perform significantly different functions for the economy. More...
- Trade Restrictions - Find out the truth behind trade restrictions aimed to help our farmers and workers. We discuss trade policy and how trade restrictions impact small business owners. More...
- Why Small Business Matters - We've been doing a little thinking about how helping the small business economy can save the economy in general. It's armchair economics to be sure, but it makes sense. More...
- What Role Will the SBA Play in Economic Recovery? - Small business experts are lobbying for an elevated role for SBIC in jumpstarting entrepreneurship and small business investment under the Obama Administration. Charles Morton, an attorney at Venable LLP, weighs in on the subject. More...
- How Websites Value Journalists - It's sad but true. The value of the written word is plummeting. We take a look at trends in the economics of journalism. More...
- Small Business Role in Economic Recovery - New research from the SBA suggests that small businesses are poised to play a big role in economic recovery. More...
- Why a Small Business Stimulus Program Makes Sense - A proposed small business bailout plan is just what the doctor ordered for this ailing economy. We take a look at the new small business stimuls program. More...
- CIT Bailout - CIT, a leading lender to small and midsized businesses is struggling. Should we let them fail? Our take is that they are too important to fail because their failure will be a painful blow to a small business economy that is already ailing. More...