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basics of economics

Contributors in Economics



Economy; Economics

The social science that analyzes the production, distribution, and consumption of goods and services.

Open Market Operations

Economy; Economics

The buying and selling of gov't securities by the Fed through its trading desk at the New York Federal Reserve Bank.

money multiplier

Economy; Economics

The amount of money the banking system generates with each dollar of reserves.


Economy; Economics

a scientific instrument used in marketing research to measure the reaction of a subject in a study to an advertisement; the instrument measures the perspiration that accompanies the subject's ...

McKinsey 7-S Framework

Economy; Economics

a framework or model, developed by the McKinsey Company, a leading consulting firm, for maximising success of the implementation of an organisation's strategic planning; according to the McKinsey ...

ultimatum game

Economy; Economics

An economic and psychological game that is played by two people. The premise is that both players are given a total sum of money to share. Player 1 is then asked to decide how the money should be ...

trade diversion

Economy; Economics

Trade that is diverted away from outside countries as a result of lowering tariffs between the members of a trading bloc.

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