Economics

Economics

basics of economics

Industry: Economy

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Economics

Welfare

Economy; Economics

Americans use welfare as shorthand for government handouts to the poor. Economists use it to describe the well being of an individual or society, as in "Are tax cuts welfare-enhancing?". This is ...

Economics with a heart. The study of how different forms of economic activity and different methods of allocating scarce resources affect the well being of different individuals or countries. Welfare ...

Welfare to work

Economy; Economics

Active labour market policies, in which government handouts to the unemployed come with strings attached, designed to get the recipient off welfare and back to work as quickly as possible.

Windfall gains

Economy; Economics

Income you do not expect, such as winning a lottery prize. Economists have long argued about whether people are likely to save such windfalls or spend them. According to the permanent income ...

Windfall profit

Economy; Economics

A controversial concept, often used by politicians to justify imposing a tax on profit that in theory is earned unexpectedly, through circumstances beyond the control of the company concerned, and is ...

Winner-takes-all markets

Economy; Economics

No time for losers. In certain jobs, the market pays individuals not according to their absolute performance but according to their performance relative to others. The income of window cleaners ...

Withholding tax

Economy; Economics

A tax that is collected at source, before the taxpayer has seen the income or capital to which the tax applies. In other words, that part of the income or capital due in tax is withheld from the ...