Economics

Economics

basics of economics

Industry: Economy

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Economics

capital

Economy; Economics

Money or assets put to economic use, the life-blood of capitalism. Economists describe capital as one of the four essential ingredients of economic activity, the factors of production, along with ...

capacity

Economy; Economics

The amount a company or an economy can produce using its current equipment, workers, capital and other resources at full tilt. Judging how close an economy is to operating at full capacity is an ...

Eating people is wrong. Eating your own business may not be. Firms used to be reluctant to launch new products and services that competed with what they were already doing, as the new thing would eat ...

buyer's market

Economy; Economics

A market in which supply seems plentiful and prices seem low; the opposite of a seller's market.

business cycle

Economy; Economics

The long-run pattern of economic growth and recession. According to the Center for International Business Cycle Research at Columbia University, between 1854 and 1945 the average expansion lasted 29 ...

business confidence

Economy; Economics

How the people who run companies feel about their organizations' prospects. In many countries, surveys measure average business confidence. These can provide useful signs about the current condition ...

fixed costs

Economy; Economics

Production costs that do not change when the quantity of output produced changes, for instance, the cost of renting an office or factory space. Contrast with variable costs.