Economics

Economics

basics of economics

Industry: Economy

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Economics

Captive-product pricing

Economy; Economics

Pricing of captive elements such as razors or ball point refill; a way of always, main products are sold below cost, high profit forecasts in captivity on a component. Captive products captive ...

The price mechanism is a term which refers to the buyers and sellers to negotiate prices for goods or services depends on supply and demand. The mechanism of price or market-based mechanisms refer to ...

Profit maximisation

Economy; Economics

The presumed goal of firms. In practice, business people often trade off making as much profit as possible against other goals, such as building business empires, being popular with staff and ...

Profit margin

Economy; Economics

A firm's profit expressed as a percentage of its turnover or sales.

Profit

Economy; Economics

The main reason firms exist. In economic theory, profit is the reward for risk taken by enterprise, the fourth of the factors of production – what is left after all other costs, including rent, wages ...

Productivity

Economy; Economics

The relationship between inputs and output, which can be applied to individual factors of production or collectively. labour productivity is the most widely used measure and is usually calculated by ...

Production function

Economy; Economics

A mathematical way to describe the relationship between the quantity of inputs used by a firm and the quantity of output it produces with them. If the amount of inputs needed to produce one more unit ...