Economics

Economics

basics of economics

Industry: Economy

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Economics

Catch-up effect

Economy; Economics

In any period, the economies of countries that start off poor generally grow faster than the economies of countries that start off rich. As a result, the national income of poor countries usually ...

An agreement among two or more firms in the same industry to co-operate in fixing prices and/or carving up the market and restricting the amount of output they produce. It is particularly common when ...

Capitalism

Economy; Economics

The winner, at least for now, of the battle of economic "isms". Capitalism is a free-market system built on private ownership, in particular, the idea that owners of capital have property rights that ...

Capital structure

Economy; Economics

The composition of a company's mixture of debt and equity financing. A firm's debt-equity ratio is often referred to as its gearing. Taking on more debt is known as gearing up, or increasing lever ...

Capital markets

Economy; Economics

Markets in securities such as bonds and shares. Governments and companies use them to raise longer-term capital from investors, although few of the millions of capital-market transactions every day ...

Capital intensive

Economy; Economics

A production process that involves comparatively large amounts of capital; the opposite of labour intensive.

Capital gains

Economy; Economics

The profit from the sale of a capital asset, such as a share or a property. Capital gains are subject to taxation in most countries. Some economists argue that capital gains should be taxed lightly ...