Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Mixed economies blend free market and socialist elements, balancing efficiency and social welfare. Advantages include efficient resource allocation and innovation-driven profit, as seen with Apple.

The economic principle of economies of scale is based on the simple concept that, when it comes to productivity, bigger is generally better – or at least more efficient. The principle is most ...

The International Comparison Program (ICP) comparisons of gross domestic product (GDP) are based on the value of an individual item equaling the product of its price and quantity (that is, the ...