According to the National Association of Manufacturers, manufacturers contributed $1.87 trillion to the United States economy in 2012, an increase from the $1.73 trillion contributed in 2011.

Direct labor costs depend on how quickly and efficiently your employees produce completed items. Although direct labor costs can and do vary with each production run, your direct labor costs should ...

Do you have a mobile application but still cannot monetise it properly? Puzzled over what else to do to make your app earn? If you never ever calculated your unit economics, now is the perfect time to ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The world of microeconomics and business decision-making hinges upon a key concept: marginal cost. In the simplest terms, marginal cost represents the expense incurred to produce an additional unit of ...

Businesses are primarily successful based on how much money they make or their revenue. But while anyone can roughly grasp revenue, what it means and why it’s essential, revenue as a business figure ...