Formally called the theory of the firm, the business category focuses on ownership, production and competition. Our goal is to understand business behavior. For ownership, topics include the corporation and sole proprietorships. For production, the focus involves maximizing profits. With competition, topics relate to a continuum that spans the 4 basic market structures: perfect competition, monopolistic competition, oligopoly and monopoly.

What If Everyone Worked Less?

After an experiment at a Swedish nursing home, some people are saying that “less is more.” Where are we going? To the work/life balance. The Swedish Experiment Researchers wanted to find o…

A Happy Manufacturing Story

“Second-equals-last” is the message on Joe Max Higgins’s license plate. Called a “mega developer,” Higgins was hired to attract business to Mississippi’s Golden Tri…

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