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Economics

Curious about capitalism, the monetary system or white collar crime? Check out these articles. The Economics Channel defines and explores economic terms and controversies.

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Does your credit card company want you to stay in debt?

You just got your tax refund, and you want to do the right thing and eliminate debt. But why doesn't your credit card company want you to pay down your balance?

How Bartering Works

Imagine a world without cash or credit cards. You'd barter to get what you need and want. Today, people and businesses are still trading goods and services. But can these cash-free transactions be taxed?

How Predatory Lending Works

In 2007 and 2008, foreclosures became a hot news topic. But is the crisis the fault of the home buyer, or is the lender to blame?

What is glocalization?

Ever wonder why your favorite restaurant from back home offers a completely different menu abroad? This is called glocalization -- global organizations adapting expansive products to fit local markets.

How Fair Trade Works

It's pretty trendy to buy and eat organic and sustainable foods, and chances are the swanky coffee shop you frequent proffers some fair trade beans. But what does the label "fair trade" mean?

Advantages of E-commerce

E-commerce, or shopping online, offers advantages for both consumers and retailers. See how to make the most of online shopping.

How the African Diamond Trade Works

Africa produces around 60 percent of the world's diamonds, but a few of those are mined illegally, with the profits going to fund terror and violence. How can it be stopped?

The History of E-commerce

While the history of e-commerce is short, e-commerce has changed how we do business online. Learn more about the history of e-commerce.

Why do corporations have the same rights as you?

The framers of the U.S. Constitution didn't add any clauses that limited the rights of corporations. But did a Supreme Court reporter set a radical precedent for businesses?

What's the difference between a recession and a depression?

Bleak images from the Great Depression strike fear in the hearts of people who believe that a recession in the United States could cause history to repeat itself. But does recession always lead to depression?

Why does the Fed change the interest rate?

Imagine a tightrope walker with ESP and a degree in economics -- that's essentially the Federal Reserve Chairman. By changing the interest rate, the Fed can offset inflation and unemployment. But how?

What if I didn't file and pay my income taxes?

The American tax system is a huge machine with a tax code that seems more complex than rocket science. Many of us have come to dread April 15th: Tax Day. So what if you just didn't file them?

What if I stopped paying bills?

If you miss a monthly payment to your credit card company, your credit score will drop and your credit report will show it. What else would happen if you stopped paying your bills completely?

Can the government control a stock market crash?

In a free market economy, the law of supply and demand dominates. But if the economy is in a downward spiral, could the government really save it?

What if I removed the tag from my mattress?

Most of us have heard that we're not supposed to remove the tags from our mattresses or pillows because it violates some kind of law. What's the big deal?

How Squatting Works

If squatters have taken over your property, keep your cool: They've got a lot more rights than you may realize. How do squatters operate, and how can you get them off your land?

How Capitalism Works

The essence of capitalism is economic freedom and the belief that widespread personal wealth will lead to societal well-being. But does anyone even practice true capitalism these days?

Can tax rebates really prevent an economic downturn?

Tax rebates are one trick lawmakers and economists use to prevent a recession. But do they knock the economy back on track or merely delay the inevitable?

What's the ultimatum game?

Someone offers you $20 -- but only if you agree to share it. Your friend has to accept your offer, or neither of you gets a dime. How generous will you be?

How Day Trading Works

Day trading used to be pretty risky business, but now it's a lucrative business. You could earn millions if you know the market and make quick, well-informed choices.

Do special interest groups hurt candidates?

Some special interest groups exist solely to level negative attacks at political candidates. How do these groups work? And can they be stopped?

How Greenwashing Works

Corporations, businesses and even governments spend a lot of money to make themselves appear greener in the public eye. But when environmental claims are false or deceptive, it's considered greenwashing. How do you spot the six sins of greenwashing?

How Interest Rates Work

Interest rates are simply the cost of borrowing money. Without them, lenders would have no reason to let you borrow money.

How the Five Day Weekend Works

The Five Day Weekend began as a clever marketing campaign to drive tourism. But some people like the idea and want to make it a law.

How Homelessness Works

Who are the homeless? What are the effects of homelessness on society at large? And what can we all do to help? These are a few questions explored in this article.

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