Economics

Economics

basics of economics

Industry: Economy

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Economics

Dumping

Economy; Economics

Selling something for less than the cost of producing it. This may be used by a dominant firm to attack rivals, a strategy known to antitrust authorities as predatory pricing. Participants in ...

Dominant firm

Economy; Economics

A firm with the ability to set prices in its market (see monopoly, oligopoly and antitrust).

Dollarization

Economy; Economics

When a country's own money is replaced as its citizens' preferred currency by the US dollar. This can be a deliberate government policy or the result of many private choices by buyers and sellers ...

People are better off specialising than trying to be jacks of all trades and ending up masters of none. The logic of dividing the workforce into different crafts and professions is the same as that ...

Dividend

Economy; Economics

The part of a company's profit distributed to shareholders. Unlike interest on debt, the payment of a dividend is not automatic. It is decided by the company's managers, subject to the approval of ...

Diversification

Economy; Economics

Not putting all your eggs in one basket. Investors are encouraged to do this by modern portfolio theory, as holding several different shares and other assets helps to reduce risk. At the sharp end of ...

Disintermediation

Economy; Economics

Cutting out the middleman. Disintermediation has become a buzz word in financial services in particular, as competitive and technological changes have done away with the need for established ...