Economics

The supply and demand model is a partial equilibrium model the spot that the clearance available of some specific goods is obtained independently from charges…

Economic Cost is the total cost of choosing one action over another. The actual economic cost incorporates the accounting price, or actual funds spent executing…

General equilibrium theory reports supply and demand fundamentals in an economy with several markets, with the reason for proving that all prices are near equilibrium.…

Cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms…

Abatement Cost is a cost borne by simply many businesses for your removal and/or reduction of the undesirable item they’ve created. Abatement costs are generally…

Social cost is the total cost to be able to society. It includes both private charges plus any exterior costs. Social cost is the expense…

Contract failure describes a situation where the consumer of an excellent or service is unable to evaluate its top quality, thus incentivizing the producer to…

Market Failure is an economic term that encompasses a situation where, in any given market, the quantity of a product needed by consumers does not…

Economic interventionism is an economic policy view favoring government intervention in the market process to appropriate market failures and promote the final welfare. An economic…

Perfect Market is a market in which buyers and vendors have complete information about a particular product and it is possible to compare prices of…

Private Sector Development (PSD) is usually a term in the international development industry to refer to an array of strategies for advertising economic growth in…

Economic Development is the progress in the economy, or the qualitative way of measuring this. Economic development usually means the adoption connected with new technologies,…