Applied Economics

Applied Economics

Definition: Applied Economics explains economic phenomena using the application of economic theory to real-world situations. It provides insights into how …

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Aggregate Supply

Aggregate Supply

Definition: In traditional economics, aggregate supply refers to the total factor productivity of the economy. Aggregate supply is a key …

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Aggregate Demand

Aggregate Demand

Definition: Aggregate demand is the aggregate of all transactions taking place in an economy. It refers to all purchases of …

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Adverse Selection

Adverse Selection

Definition: Adverse selection is an event that occurs when sellers have information that buyers do not have or vice versa. …

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Addendum

Addendum

Definition: Addendum is the practice of adding terms and conditions to a contract or other legally binding document after it …

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Acceleration Principle

Acceleration Principle

Definition: The acceleration principle explains how changes in consumption can affect economic growth and the ability of entrepreneurs to respond quickly …

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Abenomics

Abenomics

Definition: Abenomics is a set of economic and social policies that begun in earnest during the period of Mr. Abe’s …

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Absolute advantage

Absolute advantage

What is Absolute Advantage? Definition: Absolute Advantage represents the benefit that some party has over others in a specific market – …

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