Discover what a market is in economics, its various types, and common features. Learn how markets function, both in physical spaces and through virtual platforms.

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

When reviewing job growth and salary information, it’s important to remember that actual numbers can vary due to many different factors—like years of experience in the role, industry of employment, ...

Markets work best when many companies vie for customers’ favour. They work badly when a few firms dominate, carving up sales between them. Economists therefore need a measure of whether markets are ...