Economics

Economics

basics of economics

Contributors in Economics

Economics

The life and soul of the capitalist party. Somebody who has the idea and enterprise to mix together the other factors of production to produce something valuable. An entrepreneur must be willing to ...

technical progress

Economy; Economics

A crucial ingredient of economic growth. Economists often used to take a certain rate of technological progress for granted, but in new endogenous growth theory they make more effort to measure ...

terms of trade

Economy; Economics

The weighted average of a country’s export prices relative to its import prices.

third way

Economy; Economics

An economic philosophy espoused by some leftish political leaders in the late 20th century, including Bill Clinton and Tony Blair. According to the rhetoric, it is not capitalism and not socialism, ...

tick

Economy; Economics

The minimum price change possible in a financial marketplace.

tiger economies

Economy; Economics

The fast-growing developing economies of Asia, at least before their crisis in the late 1990s.

time series

Economy; Economics

Several measurements of a variable taken at regular intervals, such as daily, monthly, quarterly, and so on. They are often used by economists in search of trends that they hope will let them predict ...