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Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Bidenomics, from Joe Biden and economics; Clintonomics, from Bill Clinton and economics; Freakonomics, from freak and economics; Moneygeddon, from money and Armageddon (permanent scare of financial crises) [2] precariat, from precarious and proletariat; Reaganomics, from Ronald Reagan and economics; Rogernomics, from Roger Douglas and economics
See also List of Ship of Theseus examples. Sorites paradox (also known as the paradox of the heap): If one removes a single grain of sand from a heap, they still have a heap. If they keep removing single grains, the heap will disappear. Can a single grain of sand make the difference between heap and non-heap?
The everyday usage of the word unemployed is usually broad enough to include disguised unemployment, and may include people with no intention of finding a job. For example, a dictionary definition is: "not engaged in a gainful occupation", [7] which is broader than the economic definition.
This is an incomplete alphabetical list by surname of notable economists, experts in the social science of economics, past and present. For a history of economics, see the article History of economic thought. Only economists with biographical articles in Wikipedia are listed here.
In economics, a budget constraint represents all the combinations of goods and services that a consumer may purchase given current prices within their given income. Consumer theory uses the concepts of a budget constraint and a preference map as tools to examine the parameters of consumer choices .
In economics, a liquidity constraint is a form of imperfection in the capital market which imposes a limit on the amount an individual can borrow, or an alteration in the interest rate they pay. [1] By raising the cost of borrowing or restricting the amount of borrowing, it prevents individuals from fully optimising their behaviour over time ...
A company with $5000 on hand and incomes of $3000 a month has a constraint of $8000. That means, if the terms of an economic exchange (buying equipment, etc.) require terms that are cash-in-advance, then the limit that the company can actually obtain is $8000.