How supply and demand interact to determine price is one of the most basic principles of economics. In a free market with no taxation, buyers and sellers reach an equilibrium price and volume of ...

“Deadweight loss” is a term from economics that describes an overall economic or societal loss due to market inefficiencies. Imagine a situation where what buyers are willing to pay for a product ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Erika Rasure is globally-recognized as a ...