Basic and non-basic are the two broad industry categories. Basic industries consist of small and large businesses that sell primarily to external customers. Non-basic industries consist of primarily ...

Economic theory works on the premise that there are two types of employment: basic and non-basic. Economic base theory claims that basic employment is the engine of a local economy largely because its ...

The seemingly simple task of reading is anything but simple. The moment our eyes fall on a word, a complex set of processes -- physical, neurological, and cognitive -- is set in motion, enabling us to ...

Physicists look at the big world of planets, stars, galaxies, and gravity. But they also study the minute world of atoms and the tiny particles that comprise those atoms. Economists also look at two ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, ...