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  2. Target price - Wikipedia

    en.wikipedia.org/wiki/Target_price

    Target price may mean: A stock valuation at which a trader is willing to buy or sell a stock Target pricing – the price at which a seller projects that a buyer will buy a product

  3. Economic graph - Wikipedia

    en.wikipedia.org/wiki/Economic_graph

    The graph depicts an increase (that is, right-shift) in demand from D 1 to D 2 along with the consequent increase in price and quantity required to reach a new equilibrium point on the supply curve (S). A common and specific example is the supply-and-demand graph shown at right.

  4. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

  5. Abstract economy - Wikipedia

    en.wikipedia.org/wiki/Abstract_economy

    Arrow and Debreu [2] presented the following reduction from exchange economy to abstract economy. Given an (N-1)-agent exchange economy, we define an N-agent abstract economy by adding a special agent called the market maker or market player. The "consumption" of this special player is denoted by p. The components of the abstract economy are ...

  6. Perfect competition - Wikipedia

    en.wikipedia.org/wiki/Perfect_competition

    Indeed, if everyone is price taker, there is the need for a benevolent planner who gives and sets the prices, in other word, there is a need for a "price maker". Therefore, it makes the perfect competition model appropriate not to describe a decentralized "market" economy but a centralized one.

  7. Point of total assumption - Wikipedia

    en.wikipedia.org/wiki/Point_of_total_assumption

    Calculation of Point of Total assumption (the case when EAC exceeds PTA that should be treated as a risk trigger, is shown) The point of total assumption (PTA) is a point on the cost line of the profit-cost curve determined by the contract elements associated with a fixed price plus incentive-Firm Target (FPI) contract above which the seller effectively bears all the costs of a cost overrun.

  8. Supply and demand - Wikipedia

    en.wikipedia.org/wiki/Supply_and_demand

    Supply chain as connected supply and demand curves. In microeconomics, supply and demand is an economic model of price determination in a market.It postulates that, holding all else equal, the unit price for a particular good or other traded item in a perfectly competitive market, will vary until it settles at the market-clearing price, where the quantity demanded equals the quantity supplied ...

  9. Market power - Wikipedia

    en.wikipedia.org/wiki/Market_power

    The graph below depicts the kinked demand curve hypothesis which was proposed by Paul Sweezy who was an American economist. [29] It is important to note that this graph is a simplistic example of a kinked demand curve. Kinked Demand Curve. Oligopolistic firms are believed to operate within the confines of the kinked demand function.