Ads
related to: economics for dummies onlineebay.com has been visited by 1M+ users in the past month
alison.com has been visited by 100K+ users in the past month
Search results
Results From The WOW.Com Content Network
v. t. e. Economics ( / ˌɛkəˈnɒmɪks, ˌiːkə -/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.
Consumer economy. A consumer economy describes an economy driven by consumer spending as a percent of its gross domestic product, as opposed to the other major components of GDP ( gross private domestic investment, government spending, and imports netted against exports). [1]
Ceteris paribus has been relevant in economics for centuries, in which the majority of the phrases first uses were in economic contexts, dating back to its first traces in 1295 by Peter Olivi. The earliest case of the Latin phrase being used in the English language publications was in the 17th century by William Petty , who used the clause to ...
Business portal. v. t. e. In mainstream economics, economic surplus, also known as total welfare or total social welfare or Marshallian surplus (after Alfred Marshall ), is either of two related quantities: Consumer surplus, or consumers' surplus, is the monetary gain obtained by consumers because they are able to purchase a product for a price ...
Socioeconomics (also known as social economics) is the social science that studies how economic activity affects and is shaped by social processes. In general it analyzes how modern societies progress , stagnate , or regress because of their local or regional economy, or the global economy .
Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. [1] [2] [3] Microeconomics focuses on the study of individual markets, sectors, or industries as ...
v. t. e. An economic model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical, framework designed to illustrate complex processes. Frequently, economic models posit structural parameters. [1]
Trade-off. A trade-off (or tradeoff) is a situational decision that involves diminishing or losing on quality, quantity, or property of a set or design in return for gains in other aspects. In simple terms, a tradeoff is where one thing increases, and another must decrease. Tradeoffs stem from limitations of many origins, including simple ...
Ads
related to: economics for dummies onlineebay.com has been visited by 1M+ users in the past month
alison.com has been visited by 100K+ users in the past month