Economics
Question Archives

A cost curve is a graphical representation of the relationship between production costs and the quantity of output produced. The cost curve can be used …

A contract curve is a graphical representation of the set of possible combinations of two agents’ utility functions that can lead to a Pareto efficient …

A department store is a large retail establishment that offers a wide range of consumer goods in different product categories. typically, a department s…

Demand-led growth happens when an increase in demand for a company’s products or services drives an increase in its revenue and, as a result, its growth…

In marketing, demand refers to how much of a product or service is desired by consumers. Supply, on the other hand, refers to how much of the product or…

In marketing, the demand curve is a graphical representation of how many units of a good or service will be bought at various prices. The demand curve s…

Demand Response (DR) is a set of activities and strategies used to manage electricity demand by providing financial incentives to reduce or shift electr…

Demand analysis is the process of analyzing a company’s potential customers and understanding their buying habits. This information can be used to help …

The decoy effect is a marketing technique that relies on people’s tendency to make choices based on comparisons. This technique is often used to sell pr…

Macromanagement is a management technique that focuses on the big picture, rather than the details. It’s all about setting goals, making plans and strat…

Computational economics is a subfield of economics that uses computational methods to analyze economic problems. Computational economics includes the us…

A complementary good is a good that is used in conjunction with another good. For example, bread and butter are complementary goods because you need bot…

Complexity economics is a branch of economics that looks at how economic systems function when they are made up of interacting agents. These agents can …

A compensating differential is an economic term that refers to the difference in wages between two jobs. The purpose of a compensating differential is t…

Comparative advantage is an economic theory that describes the potential benefits of trade between two countries. The theory is based on the idea that e…

Comparative statics is a method used in economics to compare the differences in economic outcomes that result from changes in policy or other variables….

Community-based economics is a term that is used to describe a variety of economic models which emphasize local economic development and community invol…

The Cobweb model is an economics model that describes how a market might reach equilibrium when there are periodic price changes. The model was develope…

Comparative dynamics is the study of how economic systems change over time. It is concerned with understanding the factors that drive economic growth an…

Collusion is defined as an agreement between two or more people to defraud or deceive someone. In economics, collusion takes place when companies or ind…

The Coase theorem is a proposition in economics that asserts that if parties to a dispute have complete information about one another’s preferences, and…

Classical economics is a school of thought that emphasizes the role of the market in the allocation of resources and the distribution of income. It is b…

The Coase conjecture is an economic theory that suggests that when two parties are involved in a dispute, they will reach an agreement if they can negot…

The classical general equilibrium model is a theoretical framework that attempts to explain the behavior of prices, output, and economic growth in an ec…

Industrial espionage is the act of stealing trade secrets from another company in order to gain a competitive advantage. This can involve anything from …

The 1997 Asian financial crisis was a period of financial instability in East Asia that began with the collapse of the Thai baht in July 1997. The crisi…

A cartel is a formal (explicit) agreement between two or more producers of a good or service to control prices or exclude competition. In economics, car…

The Chicago School of Economics is a school of thought within economics that stresses the study of economic phenomena through observation and experiment…

Chartalism is a school of economics that holds that money creation and taxation are inseparable parts of the state’s monopoly on violence. In other word…

The catch-up effect is the economic phenomenon whereby a country which is behind in terms of its per capita income (GDP) will tend to grow at a faster r…

Ceteris paribus is a Latin phrase that means “other things being equal.” It’s often used in economics to make theoretical assumptions about how one vari…

The Celtic Tiger is a term used to describe the rapid economic growth in Ireland during the 1990s and early 2000s. The country’s strong performance led …

Capital flight is the sudden and large-scale movement of capital away from a country. It usually refers to the flight of money or other assets held by i…

The business cycle is the natural rise and fall in economic activity that occurs over time. The cycle is measured by considering the growth rate of real…

Capacity utilization is a measure of the extent to which an organization or economy is using its available resources. It is calculated as a ratio of act…

A black market is a thriving illegal marketplace where goods or services are traded without the consent of the authorities. It may be clandestine, opera…

The budget set economics is the study of economic choices that people make in order to allocate resources efficiently. It encompasses both microeconomic…

Bullionism economics is a theory that suggests that the value of a nation’s currency is linked to the country’s gold and silver reserves. The theory aro…

Buddhist economics is a spiritual approach to economics that emphasizes the importance of compassion, interdependence, and moderation. It is based on th…

The term “bioeconomics” is relatively new, and it is still being defined by economists and policy-makers. As the bioeconomy grows, it is likely that the…