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Economics
basics of economics
Industry: Economy
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Economics
herfindahl-hirschman index
Economy; Economics
A warning signal of possible monopoly. Antitrust economists often gauge the competitiveness of an industry by measuring the extent to which its output is concentrated among a few firms. One such ...
Make or Buy Decision
Economy; Economics
a choice sometimes faced by a manufacturing company when considering the acquisition of a new product - to lease or purchase a product or to manufacture it internally.
fiscal policy
Economy; Economics
One of the two instruments of macroeconomic policy; monetary policy's side-kick. It comprises public spending and taxation, and any other government income or assistance to the private sector (such ...
reputation economy
Economy; Economics
A system whereby a person's reputation is used to determine their economic advantages. It is hypothesized that humanity could move towards such a system when scarcity of resources is eliminated and ...
Open economy
Economy; Economics
Cross-border allowed unrestricted movement of people, capital, goods and services economy is relatively closed economy.
output per capita
Economy; Economics
A nation's output divided by the number of individuals in the country.
tulip mania
Economy; Economics
A 6 month period in Dutch history around the end of 1637 when the prices of tulip bulbs soared to absurdly high levels, as much as 10 times the annual salary for a skilled worker for a single bulb. ...
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