Economics Economics In psychology, psychotherapy and management theory, abundance theory postulates a benign universe in which any individual with the correct attitude, training, or spiritual alignment can acquire personal abundance which should lead to material abundance: wealth regardless of economic or social circumstances (reality). ...more on Wikipedia about "Abundance theory"
In economics, adaptive expectations means that people form their expectations about what will happen in the future based on what has happened in the past. For example, if inflation has been high in the past, people would expect it to be high in the future. ...more on Wikipedia about "Adaptive expectations"
Agio (Ital. aggio, exchange rate, discount, premium), a term used in commerce in three slightly different connections, ...more on Wikipedia about "Agio"
An agricultural subsidy is a governmental subsidy paid to farmers to supplement their income, help manage the supply of agricultural commodities, and bolster the supply of such commodities on international markets. The effect of such action is, in fact, lower prices which results in welfare losses for unsubsidized producers. Examples of such commodities include wheat, feed grains ( grain used as fodder, such as maize, sorghum, barley, and oats), cotton, rice, peanuts, and oilseeds such as soybeans. ...more on Wikipedia about "Agricultural subsidy"
n. or v. A euphemism or description for the mechanics of investment; where one applies one's goods (for greatest possible future gain); how one disposes of one's resources (for greatest possible effect). ...more on Wikipedia about "Allocation of resources"
Ask price, also called offer price, is a price a seller of a good is willing to accept for that particular good. The term ask price is especially in stock trading to put in contrast to the term bid price The difference between the ask price and the bid price is called spread. ...more on Wikipedia about "Ask price"
Attention economics is an approach to the management of information that treats human attention as a scarce commodity, and applies economic theory to solve various information management problems. ...more on Wikipedia about "Attention economics"
In economics, austerity is when a national government reduces its spending in order to pay back creditors. Development projects, welfare programs and other social spending are common areas of spending for cuts; in many countries, austerity measures have been associated with standard of living declines. ...more on Wikipedia about "Austerity"
In economics, bargaining power refers to the ability to influence the setting of prices or wages, usually arising from some sort of monopoly or monopsony position -- or a non- equilibrium situation in the market. The economic actor with more bargaining power has more economic freedom than those with similar assets. ...more on Wikipedia about "Bargaining power"
Baumol's cost disease is a phenomonon discovered by William J. Baumol and William G. Bowen. ...more on Wikipedia about "Baumol's cost disease"
A bear market is a prolonged period of time when prices are falling in a financial market. A bear market tends to be accompanied by widespread pessimism. Investors anticipating further losses are motivated to sell, with negative sentiment feeding on itself in a vicious circle. The most famous bear market in history was the Great Depression of the 1930s. ...more on Wikipedia about "Bear market"
Behavioral finance and behavioral economics are closely related fields which apply scientific research on human and social cognitive and emotional biases to better understand economic decisions and how they affect market prices, returns and the allocation of resources. The fields are primarily concerned with the rationality, or lack thereof, of economic agents. Behavioral models typically integrate insights from psychology with neo-classical economic theory. ...more on Wikipedia about "Behavioral finance"
A bid price is a price offered by a buyer/bidder when he buys a good. The bid price is usually just referred to as the bid. The bid price stands in contrast to the ask price or the offer, and the difference between the two is called the bid/offer spread. ...more on Wikipedia about "Bid price"
Black-Derman-Toy, or BDT, is an interest-rate derivatives model, first developed for in-house use by Goldman Sachs in the 1980s but eventually published. ...more on Wikipedia about "Black-Derman-Toy"
Buddhist economics is a set of economic principles that is based on the belief that individuals ought to do good work in order to ensure proper human development. The term was coined by Fritz Schumacher in 1955, when he travelled to Burma as an economic consultant. This view of the proper relation between work and value is similar to that professed by American novelist-poet-farmer Wendell Berry. ...more on Wikipedia about "Buddhist economics"
In management, business value is an informal term that includes all forms of value that determine the health and well-being of the firm in the long-run. Business value expands concept of value of the firm beyond economic value (also known as economic profit, Economic value addedtm, and Shareholder value) to include other forms of value such as employee value, customer value, supplier value, channel partner value, alliance partner value, managerial value, and societal value. Many of these forms of value are not directly measured in monetary terms. ...more on Wikipedia about "Business Value"
The Candlemakers' petition is a well known satire of protectionism written and published in 1845 by the economist Frédéric Bastiat, in which candlemakers and industrialists from other parts of the lighting industry petition the Chamber of Deputies of the French Third Republic to protect their trade from the unfair competition of a foreign power: the Sun. ...more on Wikipedia about "Candlemakers' petition"
In economics, capital goods refer to real products that are used in the production of other products but are not incorporated into the new product that is derived from the production of the older product. They are often called fixed human-made means of production. Capital goods include factories, machinery, tools, and various buildings. They are different from raw materials which are used up in the production of goods. ...more on Wikipedia about "Capital goods"
Captive supply is a term for that part of the supply that is not owned by a company but is used by the company to maximize its own profits often at the unknowing expense of those who actually own those supplies. This is usually a characteristic of a market that is dominated by one firm or a few firms and implicit collusion between those firms. Often captive supply is called a beneficial market agreement by those controlling the supply but the actions of those controlling that supply reveal otherwise. Captive supply is used to subvert the natural forces of market price determinination to accrue more economic benefits to those who control it. It circumvents the typically price-moderating market force of supply and demand by artificially restricting the supply. ...more on Wikipedia about "Captive supply"
Catallactics is the praxeological theory of the way the market economy reaches exchange ratios and prices. ...more on Wikipedia about "Catallactics"
Ceteris paribus is a Latin phrase, literally translated as "with other things [being] the same," and usually rendered in English as "all other things being equal." A prediction, or a statement about causal or logical connections between two states of affairs, is qualified by ceteris paribus in order to acknowledge, and to rule out, the possibility of other factors which could override the relationship between the antecedent and the consequent. ...more on Wikipedia about "Ceteris paribus"
The Chicago School is a loose, unofficial group of economists that are generally associated with neoclassical price theory and free market libertarianism. The name refers to economists who received their schooling in the Economics Department at the University of Chicago. It also denotes more generally the influence of the University in the field, as it is widely considered world’s foremost department having fielded more Nobel Prize winners and John Bates Clark medalists in economics than any other University. Famously, or infamously, depending on one's political leanings, Chicago's economics department also has served as a training ground for many Latin American technocrats, the most prominent of which, the " Chicago boys," helped inplement the austerity policies of the regime of Chilean dictator Augusto Pinochet. ...more on Wikipedia about "Chicago school (economics)"
Chronic inflation is characterized by much higher price increases than ordinary inflation, at annual rates of 10 to 30 per cent in some industrialized nations and even 100 per cent or more in a few developing countries. Chronic inflation tends to become permanent and ratchets upwards to even higher levels as economic distortions and negative expectations accumulate. ...more on Wikipedia about "Chronic inflation"
Class envy is a pejorative term sometimes used to describe criticisms of the rich and powerful by the poor and less powerful. ...more on Wikipedia about "Class envy"
A closed household economy is a society's economy in which goods are not traded. Instead, those goods are produced and consumed by the same households. In other words, a closed household economy is an economy where households are closed to trading. This kind of economy is present, for example, in hunter-gatherer societies. ...more on Wikipedia about "Closed household economy" If you like you could tell us your opinion about www.shortopedia.com Economics
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