The net worth of Americans doubled from 1983 to 2010, except for those aged 29-37 who saw a 21% decline due to the Great Recession. Younger Americans had higher mortgage and student loan debt, making it harder to save for the future. Americans under 35 paid off 29% of their debts from 2007 to 2010. […]
The Law of Rising Opportunity Cost states that as more units of a good are produced, the opportunity cost associated with that production will also increase. This concept can help companies determine whether increasing production is worth the effort. The Law of Rising Opportunity Cost is a concept that is often employed in business and […]
