Economics

Economics

basics of economics

Contributors in Economics

Economics

The difference between what a consumer would be willing to pay for a good or service and what that consumer actually has to pay. Added to producer surplus, it provides a measure of the total economic ...

Consumer prices

Economy; Economics

What people are usually thinking of when they worry about inflation. The prices paid by whoever finally consumes goods or services, as opposed to prices paid by firms at various stages of the ...

Consumer confidence

Economy; Economics

How good consumers feel about their economic prospects. Measures of average consumer confidence can be a useful, though not infallible, indicators of how much consumers are likely to spend. Combined ...

Conditionality

Economy; Economics

When there are strings attached, for example, to international aid or loans from the IMF or World Bank. The delivery of the money may be made subject to the government of the country implementing ...

Concentration

Economy; Economics

The tendency of a market to be dominated by a few big firms. A high degree of concentration may be evidence of antitrust problems, if it reflects a lack of competition. Traditionally, economists ...

Compound interest

Economy; Economics

If a deposit account of $100 earns an interest rate of 10% a year, then at the end of the year the account will contain $110. If all of that money is left in the account, then the 10% interest will ...

Complementary goods

Economy; Economics

When you buy a computer, you will also need to buy software. Computer hardware and software are therefore complementary goods: two products, for which an increase (or fall) in demand for one leads to ...