Economics

In economics, depreciation is the gradual minimize in the economic price of the capital stock of a firm, state, or different entity, both through bodily…

There are many products available to customers in today’s world. In economics, a private good is described as “an object that gives people positive benefits”…

In economics, a public good refers to a product or service which is made available to all members of a society (also referred to as…

In economics, inferior goods are a form of good whose demand has an inverse relationship with the income of the customer. An inferior good, unlike…

In economics, normal goods are a category of goods whose demand is directly related to the income of the customer. In other words, if wages…

A Veblen good is a sort of luxury good named after the American economist Thorstein Veblen; because of its exclusive existence and appeal as a…

A virtual good is a non-physical asset purchased for use in online communities or online games for items and resources. On the other hand, digital…

The basket of goods reflects the value of a particular category of goods and services; it applies to a fixed collection of consumer goods and…

As it is generally known, the Consumer Price Index (CPI) is an index indicator of the aggregate price level of an economy. A CPI is…

In economics, money illusion, also known as price illusion, states that, in contrast to real terms, individuals typically prefer to perceive their income and wealth…

An anti-dilution clause is a provision in an option, insurance, or acquisition agreement that gives the investor the right to retain his or her percentage…

A non-competitive tender is an offer made by a little speculator to buy an obligation issue that has its cost depends on the normal cost…