Economic Viability

August 31, 2024 4 min read Definitions

Innovation Science and Technology Invention Innovation Technology Product Development Economic Viability

The idea of a new product, or a new method of producing an existing product. Distinguished from innovation, which is the development of an invention to the stage where its use becomes economically viable.

August 25, 2024 3 min read Definitions

Sub-Marginal: Definition and Context in Economics

Economics Business Economic Terms Business Terminology Market Dynamics Profitability Economic Viability

Submarginal entities are those that cannot maintain the minimum profit or production levels required to remain permanently in existence. This concept is pivotal in understanding market dynamics and economic viability.

August 25, 2024 3 min read Definitions

Takeoff Point: Economic Viability in Development and Growth

Economics Finance Economic Development Industrial Growth Economic Viability Business Milestones Economic Takeoff

A comprehensive discussion on the concept of the takeoff point, marking the stage at which a producer, an industry, or an economy becomes economically viable, with detailed explanations, historical context, examples, and related terms.