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  2. Factor market - Wikipedia

    en.wikipedia.org/wiki/Factor_market

    The definition of a monopsony is an economic market structure that comprises a sole purchaser of a particular good or service in the factor market. In comparison to a monopoly, the primary difference between the two market structures lies in the entities they control. A monopoly is a situation in which a single seller dominates the market.

  3. Market economy - Wikipedia

    en.wikipedia.org/wiki/Market_economy

    A sustainable market economy may encourage innovation, provide green employment, and guarantee the welfare of future generations by incorporating environmental factors into economic decision-making. Prioritizing sustainability while preserving economic development needs cooperation between governments, corporations, and people.

  4. Economic geography - Wikipedia

    en.wikipedia.org/wiki/Economic_geography

    The other is the new economic geography, which considers social, cultural, and institutional factors alongside economic aspects in understanding spatial phenomena. Economists like Paul Krugman and Jeffrey Sachs have contributed extensively to the analysis of economic geography.

  5. Market (economics) - Wikipedia

    en.wikipedia.org/wiki/Market_(economics)

    National economies can also be classified as developed markets or developing markets. In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services, with or without money, is a transaction. [1]

  6. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".

  7. Economic system - Wikipedia

    en.wikipedia.org/wiki/Economic_system

    An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.

  8. Economics of location - Wikipedia

    en.wikipedia.org/wiki/Economics_of_location

    In economics, the economics of location is the study of strategies used by firms and retails in a monopolistically competitive environment in determining where to locate. [1] Unlike a product differentiation strategy, where firms make their products different in order to attract customers, an economics of location strategy is consistent with ...

  9. Microeconomics - Wikipedia

    en.wikipedia.org/wiki/Microeconomics

    Urban economics, which examines the challenges faced by cities, such as sprawl, air and water pollution, traffic congestion, and poverty, draws on the fields of urban geography and sociology. Labor economics examines primarily labor markets, but comprises a large range of public policy issues such as immigration, minimum wages, or inequality.