An individual who provides financial support to dependents, typically the primary income earner in a family.
A detailed explanation of the Budget Constraint, its significance in economics, and its relationship with the Budget Line.
A comprehensive guide to understanding budget deficits, including their implications, causes, examples, and methods of management across governments, corporations, and individuals.
A comprehensive overview of Business Conditions, examining the economic and political climate and their impact on business profitability and prosperity.
A comprehensive overview of Business Enterprise including its types, special considerations, examples, historical context, applicability, comparisons, related terms, frequently asked questions (FAQs), and additional resources.
An in-depth exploration of the concepts of Business or Trade, including definitions, types, historical context, applicability, and related terms.
The act of acquiring property or goods in exchange for money, often used synonymously with bargaining.
Buyer's remorse is the feeling of regret or anxiety that can occur after making a purchase. This concept is closely related to cognitive dissonance, where the buyer's expectations do not match reality.
An in-depth exploration of capital, detailing its finance and economic contexts, types, historical context, applicability, and more.
Capital flight refers to the transfer of large amounts of money from one country to another to escape political or economic turmoil or to seek higher rates of return.
Capital resources include any goods used in the production of other goods, such as factories, buildings, and equipment. This comprehensive guide explores their types, importance, examples, and historical context.
An in-depth exploration of the term 'capitalize' and its various applications in finance, accounting, and economics.
A comprehensive overview of cartels, their functions, historical context, and specific examples, including the Organization of Petroleum Exporting Countries (OPEC).
A comprehensive explanation of a cash buyer, including methods of payment, examples, and comparison with other types of buyers such as credit order buyers.
A comprehensive overview of the Cash Market, where transactions are promptly completed, ownership is transferred, and payment is made upon delivery of the commodity.
An in-depth look into the concept of a Cash Order, its significance in various economic and financial transactions, and how it compares with other payment methods.
Ceteris Paribus is a Latin phrase meaning 'all other things being equal'. It is used in economics and other fields to isolate the effect of a single variable by holding other influencing factors constant.
An exploration of the concept, structure, and impact of chain stores within the retail industry.
Understanding the difference between a change in supply and a change in quantity supplied is crucial in economics. This entry explains the fundamental distinctions, factors involved, graphical representation, and practical implications.
The conflict arising out of differing economic and social interests, first identified by Karl Marx. An analysis of historical context, manifestations, and examples of class struggle.
Comprehensive definition of a client, its significance in various professional services including advertising, finance, IT, and more.
A detailed overview of collectibles, including their types, investment value, and applications in economic activities.
A comprehensive overview of competition in the marketplace, exploring its role in resource allocation, efficient production, and the overall economy.
Understanding Competitors: Definitions, Types, Examples, and Market Implications
A comprehensive look at complementary goods, their demand dynamics, and examples in the market.
Comprehensive explanation of the Compound Amount of One and how it represents the growth of $1 with compounded interest. Illustrated with a detailed example and formulae.
A comprehensive overview of the Compound Amount of One (CAO), including its definition, formula, examples, and historical context. Explore the importance and applications of CAO in finance, investments, and more.
A detailed exploration of the Compound Growth Rate, its calculation, significance, and applications.
A detailed definition of 'concession' encompassing small shops, government-granted rights, lease incentives, and selling group compensation.
Detailed explanation of consumer goods, their types, examples, and how they differ from capital goods.
The Consumer Price Index (CPI) is a measure of the change in consumer prices as determined by a monthly survey by the U.S. Bureau of Labor Statistics. This article explores its components, significance, historical context, and applications.
Corporate reorganization refers to the various ways in which a corporation can restructure its operations, including mergers, acquisitions, and divisive acquisitions.
Cost-Benefit Analysis (CBA) is a systematic process used to evaluate the benefits and costs associated with a particular decision or project to determine its viability and efficacy. This method is widely applied in both corporate and government sectors to guide decision-making.
Explore the intricacies of cost-plus contracts, including their types, benefits, challenges, examples, and historical context.
An in-depth explanation of cost-push inflation, its causes, examples, and comparison with demand-pull inflation.
Detailed explanation of Average Cost in production, its significance, calculation, types, examples, historical context, and related terms.
An exploration of fixed costs in business, including definitions, examples, and their significance in various economic and financial contexts.
An in-depth exploration of the concept of counterfeit, explaining its types, historical context, examples, applicability, related terms, FAQs, and more.
A comprehensive exploration of the term 'Customer,' detailing its definitions, types, importance in business, and related considerations.
Cyclical Demand refers to demand that varies cyclically over time, usually in response to seasonal effects or business cycles.
A comprehensive guide to cyclical unemployment, its causes, examples, historical context, and its impact on the economy.
The term 'deadhead' refers to the act of moving transportation equipment without a paying load, or a non-paid trip in transportation services.
An in-depth exploration of deadweight loss, its causes, implications, and significance in economics.
An in-depth exploration of Decreasing Costs, a situation in a firm or industry where unit costs of output decrease as the volume of output increases. Learn about its types, causes, and implications in economics and industry.
An in-depth explanation of Decreasing Returns to Scale, its implications, examples, and related concepts within the field of economics.
A reference to the concept of Defensive Spending in the context of Competitive Parity, primarily applicable in marketing and business strategy.
An in-depth exploration of deflation, its causes, impacts, differences from inflation and disinflation, historical context, and more.
A comprehensive overview of demand, an economic expression of desire and ability to pay for goods and services, including types, examples, and historical context.
Understanding the Demand Curve: a graphical representation of the relationship between the price of a good or service and the quantity demanded, typically showing an inverse relationship.
A demand schedule is a table that shows the relationship between the price of a good and the quantity demanded. It helps in understanding how consumers' purchasing decisions change with variations in price.
An in-depth exploration of Demand-Pull Inflation, a phenomenon where prices rise because demand for goods and services exceeds supply.
Derived demand refers to the demand for capital goods and labor, which arises from the demand for finished goods. This concept is crucial in understanding market dynamics and production decisions.
An in-depth explanation of Devaluation, its types, historical context, and its impact on the global economy.
Diagonal expansion is a process whereby a business grows by creating new items that can be produced using the existing equipment and minimal additional materials.
Differential Advantage or Comparative Advantage explains a firm's edge over its competitors due to unique attributes.
An essential economic principle stating that successive units of a good or service tend to provide decreasing satisfaction to the consumer, illustrating the diminishing benefits of additional consumption.
An in-depth look at Diminishing Returns, a key concept in Economics and Production that explains how additional resources lead to smaller increments of output.
Comprehensive guide on Discount Bonds, their types, examples, historical context, and comparisons with related financial instruments.
A comprehensive overview of Discounted Present Value (DPV), including formulas, types, and its applications in finance and economics.
Discretionary income is the amount of spendable income remaining after the purchase of physical necessities such as food, clothing, and shelter, as well as the payment of taxes. It is crucial for marketers of non-essential goods.
A detailed exploration of distribution, including its definitions in corporate finance, economics, estate law, mutual funds, and securities trading.
An in-depth look at Distribution in Kind, its types, special considerations, examples, and related concepts.
An in-depth exploration of the downward-sloping demand curve - fundamental to understanding consumer behavior, market dynamics, and pricing strategies in economics.
An in-depth exploration of the practice of dumping, including definitions, examples, historical context, and related terms.
An in-depth exploration of the economic concept of a duopoly, where an industry is dominated by two major firms.
Econometrics utilizes computer analysis and statistical modeling techniques to describe numerical relationships among key economic factors, such as labor, capital, interest rates, and government policies, and to test changes in economic scenarios.
Econometrics is the application of statistical and mathematical methods to the study of economic data and problems.
Comprehensive coverage of 'Economic,' including definitions, applications, examples, and historical context.
Economics is the study of how societies allocate scarce resources, encompassing production, distribution, exchange, and consumption of goods and services.
Economies of scope refer to the efficiency gains achieved by producing a variety of goods and services together rather than specializing in a single type of product or service. This concept is essential in various fields, including manufacturing, economics, and business management.
Employee Profit Sharing is an employee benefit plan that allows employees to share in the profits of a company. This plan enhances motivation and aligns the interests of employees with those of the company.
Exploring engineered capacity, including its definition, significance, applications, and related concepts.
An entrepreneur is an individual who initiates and operates a business, often assuming the financial risks in the hope of profit.
Entrepreneurial profit represents the earnings that compensate a skilled businessperson for their expertise and successful efforts, typically exceeding the normal profit expected from competent management.
Elucidating the concept of Escalation, its various types, implementations, and implications, with a particular focus on Escalator Clauses in contracts.
A detailed overview of the Excess Profits Tax, its purpose, historical context, types, and implications.
The Exclusion Principle in economics grants the right of an owner of private property to exclude others from using or enjoying it, ensuring the owner's control over the property's use.
Expected Daily Utility represents the anticipated satisfaction or benefit derived by an individual from goods and services consumed within a day, integral to decision-making in economics.
Externalities are unintended side effects of economic activities that affect third parties; they can be either positive or negative.
An in-depth exploration of Fair Market Rent, the amount a property would command if it were now available for lease, including its definition, types, considerations, examples, historical context, applicability, related terms, FAQs, references, and more.
Understanding farm surplus, its implications, and political considerations surrounding government intervention to maintain profitable price levels for farmers.
A brief redirecting entry referring to the Federal Reserve Board, often abbreviated as the 'Fed.' The term is widely used in economic contexts relating to the central banking system of the United States.
The Federal Open Market Committee (FOMC) is a key component of the Federal Reserve System responsible for setting short-term monetary policy for the United States. It consists of the seven governors of the Federal Reserve Board, the president of the New York Federal Reserve Bank, and the presidents of four other regional Federal Reserve Banks.
A comprehensive guide to Federal Reserve Districts, including their structure, roles, and historical context.
An exploration of fiat money, its definition, types, historical context, and economic implications.
Final goods are products that are not currently used in the production of other goods, typically consumed by the end user.
An in-depth exploration of Fiscalist economists who advocate for the use of government taxation and spending to influence economic performance, in contrast to Monetarists who emphasize monetary policy.
A comprehensive guide to fixed costs, their role in business, and how they contrast with variable and semivariable costs.
Fixed cost represents expenses that do not change with the level of production or output. It is crucial for determining total and per-unit costs.
A Fixed-Price Contract is a type of contract where the price is predetermined and remains unchanged, regardless of the actual costs incurred during production.
An examination of the flat tax system, applied uniformly across all income levels, highlighting its economic implications and comparisons with progressive tax systems.
Comprehensive explanation of the 'Flow of Funds' concept in economics and municipal bonds, covering the transfer of funds through financial intermediaries and the priority of municipal revenues.
An exploration into the concept of Forced Saving, where consumers are not allowed to spend all their incomes on current consumption.
An in-depth look into Foreign Direct Investment (FDI), including its types, significance, historical context, examples, and impact on the economy.
An in-depth analysis of fractional reserve banking, where banks retain reserves that are less than their total deposits. Understand its mechanics, history, and impact on the economy.
An in-depth look at the franchise model, covering types, examples, and its applicability in various industries.
Free Goods are resources that are abundant and available without the need for rationing, and hence have no market price.
The phrase 'Free Lunch' typically refers to something that seems to come at no cost, though the full expression 'there's no such thing as a free lunch' suggests that nothing is truly free.
A comprehensive guide to understanding Free Market economics, its principles, types, historical context, and examples.
A comprehensive exploration of Full Employment, an economic condition where all available labor resources are being used in the most efficient way possible.
