Economics

Market Share: Understanding the Influence of Firms in a Market
Market share refers to the percentage of a market accounted for by a specific entity, providing insights into the competitive landscape and influence of firms within a market. This concept plays a crucial role in monopoly legislation, competition assessments, and strategic business decisions.
Market Structure: Organizational Framework of Market Dynamics
Market Structure refers to the organization of a market, largely shaped by the number and relative strength of buyers and sellers and the barriers to entry, determining the nature of competition and pricing.
Market Structure: An Overview of Competitive Dynamics
An in-depth exploration of market structure, its types, key metrics, importance, and impact on economies and firms. From the N-firm concentration ratio to the Herfindahl index, understand the complexities of how markets are organized.
Market Transparency: Enhancing Investor Access to Information
A comprehensive examination of market transparency, its historical context, key components, models, and its pivotal role in financial markets.
Market Trend: Understanding Market Movements Over Time
The concept of a market trend refers to the general direction in which market prices move over a specified period. This article covers the historical context, types, key events, mathematical models, applicability, and more.
Market Value: Understanding the Concept and Its Implications
Market Value refers to the value of a company or asset determined by the price at which it can be sold in the open market. This concept is fundamental in finance, real estate, and investments.
Market Value (MV): The Estimated Amount for Which a Property Would Sell in a Fair and Competitive Market
Market Value (MV) refers to the estimated amount for which a property would sell in a fair and competitive market, taking into account all factors such as supply and demand, location, and market conditions.
Market-Based Royalty Rates: Industry Benchmarks Over Heuristics
Market-Based Royalty Rates are royalty structures determined by industry benchmarks rather than rule-of-thumb calculations, ensuring a fair and competitive compensation for intellectual property rights.
Market-Based Transfer Prices: A Comprehensive Overview
An in-depth analysis of market-based transfer prices, including historical context, key events, mathematical models, examples, and important considerations.
Market-Clearing Price: The Equilibrium Point in the Market
The Market-Clearing Price is the price at which the quantity demanded by consumers matches the quantity supplied by producers, leading to market equilibrium.
Marketing: The Science and Art of Connecting Products with People
Comprehensive exploration of marketing, including its history, types, key events, methodologies, importance, applications, and more. An insightful guide to understanding how marketing drives business growth.
Marketing Analyst: Market Trends, Customer Preferences, and Marketing Strategies
A Marketing Analyst studies market conditions to assess potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.
Marketing Cost Variance: Detailed Explanation and Importance
A comprehensive guide on Marketing Cost Variance, its types, calculation, importance, and practical examples in budgeting and financial management.
Marketplace: A Platform for Transactions
A comprehensive exploration of marketplaces, their historical context, types, key events, mathematical models, and significance in modern economies.
Marriage Bonus: Tax Benefit for Married Couples
Explore the concept of the Marriage Bonus, where married couples pay less tax compared to single taxpayers, particularly when there is a significant income disparity between spouses.
Marriage Value: The Latent Value Released by the Merger of Interests in Land
Marriage Value refers to the hidden or additional value created when two or more property interests are combined, often involving the freehold and a long leasehold of the same property.
Marshall Plan: Post-War Economic Aid and Recovery
The Marshall Plan, proposed by US Secretary of State George C. Marshall, was a large-scale program of US aid designed to help European economies recover from the devastation of World War II. It provided assistance through grants and loans to several European nations, aiming to restore financial stability, rebuild infrastructure, and stimulate production and price liberalization.
Marshall-Lerner Condition: Economic Criterion
A criterion in international economics establishing that a currency depreciation will positively affect a country's trade balance if the sum of the price elasticities of exports and imports exceeds one.
Marshall-Lerner Condition: Economic Principle and Trade Balance
The Marshall-Lerner condition is a critical economic principle stating that a devaluation will improve a country's balance of trade if the sum of the price elasticities of demand for exports and imports (in absolute value) is greater than 1.
Marshallian Demand: Understanding Demand in Economics
Comprehensive guide to Marshallian Demand (ordinary demand, uncompensated demand) and its significance in economics, exploring its types, key events, mathematical formulations, and applications.
Martingale Measure: Probability Measure for Discounted Price Processes
The Martingale Measure, also known as the Risk-Neutral Measure, is a probability measure under which the discounted price processes of financial assets are martingales. This concept is central to modern financial mathematics, particularly in the pricing of derivatives.
Marxian Economics: A Comprehensive Overview
An explanation of the functioning of the economy based on the theories of the philosopher Karl Marx, focusing on labour theory of value, exploitation, monopolies, and the predicted rise and fall of capitalist societies.
Mass Production: Efficient Large-Scale Manufacturing
Mass production refers to the manufacturing of large quantities of standardized products, often using mechanized processes. This method contrasts with handicraft production, which yields non-standardized, unique items.
Massaging Statistics: A Critical Insight into Data Manipulation
A comprehensive look at the controversial practice of massaging statistics, its methods, historical context, implications, and real-world examples.
Matching: Model of Interaction between Agents
Matching refers to a model of interaction in economics, where the joint productivity or pay-offs depend on the individual characteristics of both sides. This concept is widely applied in labour market studies and propensity score matching.
Matching Concept: Aligning Revenues and Expenses
The Matching Concept in accounting is a principle that mandates revenues and the associated expenses to be recorded in the same accounting period. It ensures financial statements provide a clear, accurate representation of a company’s financial performance.
Matching Funds: Requirement for Grant Recipients
Matching Funds represent a condition where grant recipients must provide an amount of money equal to the funding they receive from an external source, often the federal government, usually on a dollar-for-dollar basis.
Matching Pennies: A Two-Player Game with Unique Mixed Strategy Equilibrium
An in-depth exploration of Matching Pennies, a classic two-player game theory problem with no pure strategy equilibrium but featuring a unique mixed strategy equilibrium.
Material Cost: Understanding the Concept and Its Importance
A comprehensive guide to Material Cost, its historical context, types, key events, explanations, mathematical formulas, importance, applicability, and more.
Material Participation: Understanding Active and Substantial Involvement in Business Operations
Material Participation refers to the active and substantial involvement in the operations of a business or trade. A taxpayer is considered to materially participate if they engage in the business activities on a regular, continuous, and substantial basis.
Material Usage Variance: Analysis and Importance in Cost Management
Material Usage Variance refers to the difference between the standard quantity of materials allowed for actual output and the actual quantity used. This concept is fundamental in cost management and operational efficiency.
Materials Cost: Understanding Direct and Indirect Expenditures in Manufacturing
A comprehensive guide to understanding the various aspects and importance of materials cost in an organization, including definitions, types, historical context, formulas, and examples.
Materials Oncost: An In-Depth Guide
Materials Oncost refers to the additional indirect costs incurred in the production process related to the materials used. These costs are not directly attributable to a specific product but are necessary for the overall production.
Maternity Pay: Comprehensive Overview of Payments for Employees on Maternity Leave
Maternity pay refers to the payments made to employees who are on maternity leave. This article delves into its historical context, types, key events, detailed explanations, importance, applicability, examples, related terms, comparisons, interesting facts, famous quotes, FAQs, and more.
Mathematical Economics: A Field Combining Economics and Mathematics
An in-depth exploration of Mathematical Economics, its historical context, key events, mathematical models, applicability, and significance in understanding and solving economic problems.
Maximum Contributory Earnings: Understanding YMPE
An in-depth look at the concept of Maximum Contributory Earnings, synonymous with YMPE, which sets the upper limit of earnings subject to CPP/QPP contributions.
Maximum Pensionable Earnings (MPE): Understanding Limitations in Pension Contributions
Maximum Pensionable Earnings (MPE) is a critical concept in pension planning, referring to the earnings beyond the Year’s Maximum Pensionable Earnings (YMPE), which are excluded from calculations of pension contributions and benefits.
Maximum Stock Level: Inventory Management
A comprehensive article on Maximum Stock Level, an essential concept in inventory management that defines the highest amount of stock that should be maintained to meet demand without overstocking.
Meade Review: A Transformational Analysis of the UK Tax System
An in-depth exploration of the Meade Review, a pivotal examination of the UK tax system chaired by Nobel Laureate James Meade, and its significant recommendations published in the 1978 Meade Report.
Mean Reversion: Asset Prices Reverting to Historical Averages
Mean Reversion: The theory that asset prices tend to move back towards their historical average over time. Useful in grid trading strategies and risk management.
Means of Production: Key Elements in Economic Value Creation
A detailed analysis of Means of Production, the physical and non-physical assets used for producing goods and services, essential for understanding economic value creation.
Means Testing: Eligibility Determination for Welfare Programs
Means testing is a method used to determine eligibility for certain welfare programs based on an individual's or household's income and assets.
Means-Tested: Assistance Programs That Assess An Individual's Financial Resources
Means-tested programs are assistance programs that determine eligibility based on an individual's or family's financial resources to ensure aid reaches those who need it the most.
Means-Tested Benefits: Benefits Based on Financial Situation
An in-depth look into means-tested benefits, which are provided based on the recipient’s financial situation, including historical context, types, key events, detailed explanations, and more.
Means-Tested Benefits: An Overview
A comprehensive look at means-tested benefits, their history, types, key events, importance, applicability, and more.
Mechanism Design: Strategic Game Construction for Desired Outcomes
The construction of a game of strategic interaction that achieves a specific outcome, ensuring that players find it in their best interest to behave as intended by the game's designer.
Media Conglomerates: Overview and Impact
Comprehensive overview of media conglomerates, their types, historical context, and impact on society and the economy.
Median Income: Understanding the Middle Value of Incomes
Explore the concept of Median Income, its significance, applications, and how it better represents the 'typical' income in an area compared to average measures.
Medicare Taxes: A Portion of FICA Taxes for Healthcare
Medicare Taxes are a portion of FICA taxes specifically allocated to the Medicare program, providing healthcare for individuals aged 65 and older.
Medium of Exchange: Essential Component of Trade
An in-depth exploration of the concept of medium of exchange, its historical context, types, importance, and applications in economic transactions.
Medium-Sized Group: Definition and Overview
Comprehensive insight into Medium-Sized Groups, including their criteria, historical context, importance, and relevance in financial reporting and business management.
Medium-term: Financial and Strategic Duration
Comprehensive definition of the medium-term, its significance, applications in various fields, and how it compares to short-term and long-term durations.
Medium-Term Financial Strategy: A Strategic Framework for Economic Stability
The Medium-Term Financial Strategy (MTFS) represents a policy framework implemented by the UK government in 1980 to control inflation through reductions in government borrowing and money supply growth.
Mega Trends: Broad Trends with Monumental Impacts
A comprehensive guide to understanding mega trends, their historical context, types, key events, and their significance in various domains.
Megastore: Comprehensive Overview
A detailed examination of megastores, their history, types, key events, importance, and impact in the retail industry.
Member of a Company: Definition and Overview
A comprehensive guide to understanding the role and significance of a member of a company, including historical context, types, key events, formulas, and examples.
Membership Dues: Essential Fees for Organizational Membership
Understanding Membership Dues: Regular fees paid to remain a member of an organization, often including maintenance and amenities.
Membership Fees: Definition, Types, and Importance
A comprehensive guide to understanding membership fees, including their types, historical context, significance, examples, related terms, and much more.
Menu Costs: Costs of Changing Prices
An in-depth analysis of Menu Costs, its implications, historical context, and relevance in economics.
Menu Costs: Understanding the Costs of Revising Prices
An in-depth look at menu costs, their historical context, significance in economics, and their impact on price stickiness and market dynamics.
Menu Costs of Inflation: Cost of Revising Prices
An in-depth analysis of the part of the real cost of inflation attributed to the cost of revising prices, known as menu costs of inflation.
Mercantilism: Economic Theory and Policy
Mercantilism is an economic theory from the 16th to 18th centuries focusing on the accumulation of capital and wealth through a balance of payments surpluses and protectionist policies.
Mercery: Historical Merchants of Fabrics and Haberdashery
Mercery refers to the trade and merchants specialized in selling fabrics and haberdashery items. This article explores its historical context, significance, and evolution over time.
Merchandise Account: Understanding Balance-of-Payments
A detailed overview of the Merchandise Account, its significance in balance-of-payments, historical context, key events, formulas, examples, and more.
Merger: Combining Businesses on Equal Footing
A comprehensive overview of mergers, highlighting their historical context, key events, types, considerations, and importance in the business world.
Merger: Combining Firms to Form a New Entity
A comprehensive look into the concept of mergers, including historical context, types, key events, mathematical models, and their importance in the business world.
Mergers: The Combination of Companies
An in-depth exploration of mergers, their historical context, types, key events, mathematical models, and their importance in the business world.
Merit Goods: Positive Externalities and Social Benefits
Merit goods are goods or services that provide benefits to society greater than those reflected in consumers' preferences. This entry explores the concept, historical context, types, key events, mathematical models, applicability, examples, and more.
Merit-Based Increase: Wage Increments Based on Individual Performance
A comprehensive article detailing Merit-Based Increases, historical context, categories, key events, detailed explanations, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, inspirational stories, famous quotes, proverbs, expressions, jargon, FAQs, and references.
Metcalfe's Law: Understanding Network Value
Metcalfe's Law states that the value of a network is proportional to the square of the number of connected users.
Micro Enterprise: Definition and Insights
A comprehensive coverage of Micro Enterprise, exploring its definition, types, importance in the economy, challenges, and examples.

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