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Markets and Prices Clear

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Is the traditional taxicab an endangered species?

Increasingly popular ride-sharing services have attracted customers at a rate that some say endangers the cab industry. Economics correspondent Paul...
Key Concepts: Business Costs and Revenues, Demand, Elasticity of Demand…

Competition and Market Structure Video and Quiz

This video teaches the concept of Competition and Market Structures. In the context of markets, competition refers to the situation...
Key Concepts: Business Costs and Revenues, Market Structure, Market Structures…

Consumers Video and Quiz

This video teaches the concept of Consumers. Consumers are powerful in a market economy, and the economic choices of consumers...
Key Concepts: Consumers, Demand, Goods and Services…

Demand Video and Quiz

This video teaches the concept of Demand. Demand refers to a relationship between price and the quantity of a good...
Key Concepts: Consumers, Demand, Elasticity of Demand…

Markets and Prices Video and Quiz

This video teaches the concept of Markets and Prices. A market refers to a group of buyers and sellers for...
Key Concepts: Business Costs and Revenues, Demand, Market Structure…

Price Ceilings and Floors Video and Quiz

This video teaches the concept of Price Ceilings and Floors. A price ceiling is a legally established maximum price while...
Key Concepts: Demand, Markets, Markets and Prices…

Profit Video and Quiz

This video teaches the concept of Profit. Profit is income received for entrepreneurial skills or risk taking and is calculated...
Key Concepts: Business Costs and Revenues, Entrepreneurs, Market Structure…

Supply Video and Quiz

This video teaches the concept of Supply. Supply refers to a relationship between price and the quantity of a good...
Key Concepts: Markets, Markets and Prices, Price Ceilings and Floors…

Market Failures Video and Quiz

This video teaches the concept of Market Failures. There are certain well-recognized conditions under which market failure occurs; this means...
Key Concepts: asymmetric information, Externalities, Market Structures…

Roles of Government Video and Quiz

This video teaches the concept of Roles of Government. Some roles of government include protecting the environment, helping the poor...
Key Concepts: Government Failures/Public-Choice Analysis, Markets, Roles of Government