Economics and Business
Energy plays a vital role in the economy. Energy goes hand-in-hand with the production of goods and services, which explains why economic growth in industrial nations was accompanied by large increases in energy use. The biggest energy user in the world is China, which has the world's largest economy. The price of energy is connected to recessions, employment, productivity and the performance of the stock market. Many of the largest corporations in the world are in the energy sectors.
Articles: Economics and Business
Cost of electricity
The cost of electricity refers to the dollar cost of the productive resources required to generate a kilowatt-hour (kwh) of electric power. Different types of...
New York Mercantile Exchange, Inc. (NYMEX)
The New York Mercantile Exchange (NYMEX) is the world's largest physical commodity futures exchange, located in New York City. The prices settled each day on...