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The time value of money  is the idea that money available at the present time is worth more than the same amount in the future…

A budget constraint is an accounting identity that describes the consumption options available to an agent with a limited income to allocate among various goods. It…

Price in economics the amount of money that has to be paid to acquire a given product. Price sometimes refers to the quantity of payment requested…

Productivity is an economic measure of yield per unit of input. Inputs include labor and capital, while output is typically measured in revenues and other…

Distribution means to spread the product throughout the marketplace such that a large number of people can buy it. Distribution can make or break a…

The Production  used to change unmistakable inputs (crude materials, semi-completed merchandise, subassemblies) and immaterial inputs (thoughts, data, learning) into products or administrations. Assets are utilized…

Theory in Price of Production Karl Marx’s defined as “cost-price + average profit”. It refers to the price levels at which newly produced goods and…

Marx himself considered his Theory of Surplus-Value his most important contribution to the progress of economic analysis. It is through this theory that the wide…

The cost of funds used for financing a business. It refers to the opportunity cost of making a specific investment. It is the rate of…

Value added is the enhancement a company gives its product or service before offering the product to customers. Value added is used to describe instances…

Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed…

Excess Demand is a situation where demand for a product or service exceeds the available supply. Possible causes of a excess demand include miscalculation of…