Business economics encompasses concepts like scarcity, production factors, distribution, and consumption. Managerial economics is one important offshoot of business economics. The National ...

DEFINITION: A lack of sufficient available water resources to meet the demands of water usage within a region. Per UN definitions, when annual water supplies drop below 1,000 m3 per person, the ...

Ever-increasing consumption is generally not considered virtuous and thus not just a neutral, economic problem. | Opinion ...