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basics of economics

Contributors in Economics


intellectual capital

Economy; Economics

The collection of all intangible assets a company has at its disposal that can be used to drive profits, gain new customers, create new products, or otherwise improve the business, including the ...

Canada Foundation for Innovation (CFI)

Economy; Economics

Foundation created to build the Canadian nation’s capacity to undertake world-class research and technology development that benefits Canadians and the global community in giving funding to ...


Economy; Economics

Legislation (or "statutory law") is law which has been promulgated (or "enacted") by a legislature or other governing body, or the process of making it.


Economy; Economics

One of the factors of production, along with land, labor and capital. The creative juices of capitalism; the animal spirits of the entrepreneur.


Economy; Economics

In a word, all that was wrong with American capitalism at the start of the 21st century. Until late 2001, Enron, an energy company turned financial powerhouse based in Houston, Texas, had been one of ...

Engel's law

Economy; Economics

People generally spend a smaller share of their budget on food as their income rises. Ernst Engel, a Russian statistician, first made this observation in 1857. The reason is that food is a necessity, ...


Economy; Economics

Inside the economic model; the opposite of exogenous (see also growth).

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