Economics

Economics

basics of economics

Contributors in Economics

Economics

The life and soul of the capitalist party. Somebody who has the idea and enterprise to mix together the other factors of production to produce something valuable. An entrepreneur must be willing to ...

Enterprise

Economy; Economics

One of the factors of production, along with land, labour and capital. The creative juices of capitalism; the animal spirits of the entrepreneur.

Enron

Economy; Economics

In a word, all that was wrong with American capitalism at the start of the 21st century. Until late 2001, Enron, an energy company turned financial powerhouse based in Houston, Texas, had been one of ...

Corruption

Economy; Economics

Being corrupt is not just bad for the soul, it also harms the economy. Research has found that in countries with a lot of corruption, less of their GDP goes into investment and they have lower growth ...

Contestable market

Economy; Economics

A market in which an inefficient firm, or one earning excess profits, is likely to be driven out by a more efficient or less profitable rival. A market can be contestable even if it is dominated by a ...

Contagion

Economy; Economics

The domino effect, such as when economic problems in one country spread to another. (See Asian crisis. )

Consumption

Economy; Economics

What consumers do. Within an economy, this can be broken down into private and public consumption (see public spending). The more resources a society consumes, the less it has to save or invest, ...