Economics

Economics

basics of economics

Industry: Economy

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Economics

Regulatory risk

Economy; Economics

A risk faced by private-sector firms that regulatory changes will hurt their business. In competitive markets, regulatory risk is usually small. But in natural monopoly industries, such as ...

People often care more about their relative well being than their absolute well being. Someone who prefers a $100 a week pay rise when a colleague gets $50 to both of them getting a $200 increase, ...

Rent

Economy; Economics

Confusingly, rent has two different meanings for economists. The first is the commonplace definition: the income from hiring out land or other durable goods. The second, also known as economic rent, ...

Rent-seeking

Economy; Economics

Cutting yourself a bigger slice of the cake rather than making the cake bigger. Trying to make more money without producing more for customers. Classic examples of rent-seeking, a phrase coined by an ...

Equity

Economy; Economics

There are two definitions in economics. # The capital of a firm, after deducting any liabilities to outsiders other than shareholders, who are typically the legal owners of the firm's equity. This ...

Equilibrium

Economy; Economics

A free-market equalibrium is when supply and demand are in balance. At the equilibrium price, the quantity that buyers are willing to buy exactly matches the quantity that sellers are willing to ...

Environmental economics

Economy; Economics

Some people think capitalism is wholly bad for the environment as it is based on consuming scarce resources. They want less consumption and greater reliance on renewable resources. They oppose free ...