Discover what autarky means, its economic implications, and real-world examples like North Korea and Nazi Germany's self-sufficient policies.

Positive economics is a fact-based analysis of what is occurring in an economy, without making prescriptions of what should or should not be happening.

Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...