Both history and economics involve the study of events and patterns that have occurred over time and affect the present. This can be put together to be referred to as economic history, which helps people understand all p... More »

While economics itself is often considered a social science, many of the social sciences, including anthropology, sociology, political science and history, all relate to economics and how the economy plays a role in huma... More »

As the famous Winston Churchill quote states, "those who do not remember history are surely doomed to repeat it." History is important because it shows trends of culture, society, economics and other aspects of human dev... More »

The American Economic Association states that the study of economics is primarily concerned with how people use resources, such as people's time and talent, land, equipment, products and services. Economists and students... More »

In economics, a market supply curve is a model showing the direct relationship between the price of a good or service and the quantity of that good or service supplied to the market by producers. The upward slope of the ... More »

An inverse relationship in economics is a relationship in which an increase in one variable corresponds with a decrease in another variable. The law of demand illustrates this inverse relationship. It states that, with a... More »

Economics is closely related to the other social sciences, particularly politics, sociology (because some academics argue that economics is in fact a branch of sociology) and ethics; there are also strong connections wit... More »