Economics

Economics

basics of economics

Industry: Economy

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Economics

Beta coefficient

Economy; Economics

In statistical analysis, an estimated regression coefficient that has been recalculated to have a mean of 0 and a standard deviation of 1; use of the beta coefficient allows direct comparisons ...

A form of trade promotion in which retailers receive allowances from a manufacturer for featuring its product or brand in designated advertisements or displays; in effect, the retailer charges the ...

Better mousetrap fallacy

Economy; Economics

The mistaken notion that if a company produces a technically better product than its competitors it will be more successful in the marketplace.

Bid-rigging

Economy; Economics

An illegal pricing practise in which firms that are tendering for the supply of an item collude in order to maintain high prices for their products or to share work between them.