Search results
Results From The WOW.Com Content Network
In this situation, banks become more cautious and decrease loans, which worsens the economic recession. A collapse in asset prices also contributes to a sharp slowdown in economic activity. The value of loan collaterals are severely reduced which further impacts the situation of the financial system and reduces credit, reflecting in lower ...
In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value , the more valuable commodity will gradually disappear from circulation.
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 ...
Information flow in the CLUE-S /Dyna-CLUE model (overview) [9] The Dyna-CLUE (dynamic conversion of land use and its effects) model is the adapted version of CLUE-S model, built upon the combination of the top-down approach of spatial allocation of land-use change and bottom-up approach of specification of conversions for specific land-use alterations.
The dismal science is a derogatory term for the discipline of economics. [1] Thomas Carlyle used the phrase in his 1849 essay " Occasional Discourse on the Negro Question " in contrast with the then-familiar phrase "gay science" used to refer to the art of troubadours .
In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium.
Predatory pricing is a commercial pricing strategy which involves the use of large scale undercutting to eliminate competition. This is where an industry dominant firm with sizable market power will deliberately reduce the prices of a product or service to loss-making levels to attract all consumers and create a monopoly. [1]
The GDP in the country grew 6.3% in 2015. Their inflation rate was about 1.4%, and the service sector had grown, becoming a large part of GDP. The economy did not generate a large amount of savings, despite the fact that the 6% growth during the economic recovery of the 3rd and 4th quarter was largely driven by consumer spending. [23]