Accounting term "accounts payable" refers to a liability in which a company owes money to one or more creditors.

Accounting is concerned with recording income and expenses, whereas economics is concerned with the larger trends that drive consumption.

We interact with commercial banks on a daily basis for simple financial tasks, but the function and creation of a commercial bank are anything but simple.

An overheated economy is one that continues to grow at an unsustainable rate.

Positive economics is the study of economics that is based on objective analysis of what is happening and has happened in an economy.

Is a trade deficit good or bad for a country's economy? A negative trade balance has both benefits and drawbacks.

Learn why some economists and policymakers believe that inflation is beneficial, if not necessary, for economic growth.

If California were a country, it would have the world's fifth-largest economy, with a $3.4 trillion annual GDP. The economies of the three largest East Coast metro areas are roughly equal to those of California.