Learn what a price taker is, see examples in competitive markets like grain and oil, and understand how they differ from price makers in economics.

There’s a growing belief that business people could make a lot of money if they could change how consumers “consume.” Harvard Business School research, in fact, suggests that persuading consumers to ...

The headlines about new stock market highs are hiding the fundamental erosion in many consumer areas. While employment looks fine and inflation seems stable, consumers are making budget shifts to ...