Economics

Economics

basics of economics

Contributors in Economics

Economics

The common tendency of prices in financial markets initially to move further than would seem strictly necessary in response to changes in the fundamentals that should, in theory, determine value. One ...

Overheating

Economy; Economics

When an economy is growing too fast and its productive capacity cannot keep up with demand. It often boils over into inflation.

Over the counter

Economy; Economics

In the case of drugs, those that can be purchased without a prescription from a doctor. In the case of financial securities, those that are bought or sold through a private dealer or bank rather than ...

Outsourcing

Economy; Economics

Shifting activities that used to be done inside a firm to an outside company, which can do them more cost-effectively. Big firms have outsourced a growing amount of their business since the early ...

Output gap

Economy; Economics

How far an economy's current output is below what it would be at full capacity. On average, inflation rises when output is above potential and falls when output is below potential. However, in the ...

Public spending

Economy; Economics

Spending by national and local government and some government-backed institutions. See fiscal policy, golden rule and budget.

Public goods

Economy; Economics

Things that can be consumed by everybody in a society, or nobody at all. They have three characteristics. They are: * non-rival – one person consuming them does not stop another person consuming ...