Explore capitalism's core features, including private ownership, minimal government intervention, and a two-class structure, driving free-market economies worldwide.

Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.

The endgame for a business is to make money, and a business that fails this simple test cannot survive for long. Read more here.

Derek Jenkins, Rice University, Houston, Texas. Vivian Ho ([email protected]), Rice University and Baylor College of Medicine, Houston, Texas. Hospitals rely on cash reserves to cover capital costs ...