Home > Industry/Domain > Economy
Economy
Pertaining to the system or range of economic activity in a country, region, or community.
6Categories 106534Terms
Add a new termContributors in Economy
Economy > Economics 
elasticity
Economy; Economics
A measure of the responsiveness of one variable to changes in another. Economists have identified four main types. * price elasticity measures how much the quantity of supply of a ...
efficient market hypothesis
Economy; Economics
You can’t beat the market. The efficient market hypothesis says that the price of a financial asset reflects all the information available and responds only to unexpected news. ...
efficiency wages
Economy; Economics
Wages that are set at above the market clearing rate so as to encourage workers to increase their productivity.
efficiency
Economy; Economics
Getting the most out of the resources used. For a particular sort of efficiency often favored by economists, see Pareto efficient.
economies of scale
Economy; Economics
Bigger is better. In many industries, as output increases, the average cost of each unit produced falls. One reason is that overheads and other fixed costs can be spread over more ...
economic sanctions
Economy; Economics
A way of punishing errant countries, which is currently more acceptable than bombing or invading them. One or more restrictions are imposed on international trade with the ...
Sub-categories
- Ecommerce (149)
- Economic standardization (81)
- Economics (60867)
- Forex (918)
- International economics (35907)
- International trade (7996)