Economics

Stagflation is the severe economic situation, a weird combination of stagnant growth and rising inflation leading to high unemployment. In economics, stagflation or recession-inflation is…

Cost-push inflation is the decrease in the aggregate supply of goods and services stemming from an increase in the cost of production. It is a…

A pension fund, also known as a superannuation fund, is a fund that accumulates money to be paid out to workers at the end of…

The downside risk is the financial risk associated with losses. It is an estimation of a security’s potential to suffer a decline in value if…

A cost overrun is the amount by which actual expenditures exceed the planned amount. It is also known as a cost increase or budget overrun,…

Mortgage fraud happens when, in the course of applying for a mortgage loan to buy a house, a prospective homebuyer either provide false information or…

In general, dumping is a situation of international price discrimination where the price of a commodity is lower than the price of that product on…

Predatory pricing is a pricing strategy, and in an attempt to eliminate competition; it is the illegal act of setting prices low. It refers to…

The price differential between a barrel of crude oil and its by-products such as gasoline, heating oil, kerosene, and fuel oil is referred to as…

The economy of the black market is a commercial enterprise that exists beyond the rules, legislation, and taxes. In economics, there is not one concept…

The quantity demanded is a term used in economics to describe the total quantity of a product or service requested by customers for a specified…

The quantity supplied in economics refers to the amount of products or services manufactured and sold by firms at a given market price. This amount…