Economics

Economics

basics of economics

Contributors in Economics

Economics

The average cost per unit of a set or group of products in the long term. Note that the long-run average cost may be somewhat lower than the short term average cost because of the effects of greater ...

Long-Range Planning

Economy; Economics

Strategic planning over an extended horizon; "long-range" is commonly thought to be at least three years into the future.

Logo

Economy; Economics

A distinctive mark, sign or symbol, or a graphic version of a company's name, used to identify and promote its product.

Major Equipment

Economy; Economics

Long-lived business assets that must be depreciated over time; capital items.

Zipf's law

Economy; Economics

Describes regularity in distribution patterns as a log-linear relationship. In short, the pattern is one in which the number of observations between two elements is halved each step. I.e. the most ...

Gravity equation

Economy; Economics

Describes regularity in distribution related to Zipf's law, but instead of logged ranks the observations diminish with logged distance. Commonly used to describe phenomenons in for example trade ...

Dual-track system

Economy; Economics

A system in which the government operates part of the economy but allows market factors to operate other sectors, essentially creating opportunities for arbitrage between both 'tracks'.