Economics

Economics

basics of economics

Contributors in Economics

Economics

Any income that is not spent. Ultimately, savings are the source of investment in an economy, although domestic savings may be supplemented by capital from foreign savers or themselves be invested ...

Say's law

Economy; Economics

Supply creates its own demand. So argued a French economist, Jean-Baptiste Say (1767–1832), and many classical and neo-classical economists since. Keynes argued against Say, making the case for the ...

Scalability

Economy; Economics

The ease with which the supply of an economic product or process can be expanded to meet increased demand. Recent technological advances have led some economists to talk about the growing importance ...

Scarcity

Economy; Economics

Supplies of the factors of production are not unlimited. This is why choices have to be made about how best to use them, which is where economics comes in. Market forces operating through the price ...

Scenario analysis

Economy; Economics

Testing your plans against various possible scenarios to see what might happen should things not go as you hope. Scenario analysis is an important technique in risk management, helping firms and ...

Search costs

Economy; Economics

The cost of finding what you want. The economic cost of buying something is not simply the price you pay. Finding what you want and ensuring that it is competitively priced can be expensive, be it ...

Seasonally adjusted

Economy; Economics

There are seasonal patterns in many economic activities; for instance, there is less construction in winter than in summer, and spending in shops soars as Christmas approaches. To reveal underlying ...