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  2. Economics terminology that differs from common usage

    en.wikipedia.org/wiki/Economics_terminology_that...

    The economics term cost, also known as economic cost or opportunity cost, refers to the potential gain that is lost by foregoing one opportunity in order to take advantage of another. The lost potential gain is the cost of the opportunity that is accepted.

  3. 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 ...

  4. The Economist (Lost) - Wikipedia

    en.wikipedia.org/wiki/The_Economist_(Lost)

    "The Economist" was seen by 13.76 million American viewers, making Lost the fourth most watched program of the week. [9] The episode received a Nielsen rating of 5.8/15 in the key adults 18–49 demographic. [10] In Great Britain, Lost brought in 1.2 million viewers. [11]

  5. Deadweight loss - Wikipedia

    en.wikipedia.org/wiki/Deadweight_loss

    In economics, deadweight loss is the loss of societal economic welfare due to production/consumption of a good at a quantity where marginal benefit (to society) does not equal marginal cost (to society) – in other words, there are either goods being produced despite the cost of doing so being larger than the benefit, or additional goods are not being produced despite the fact that the ...

  6. Cryptoeconomics - Wikipedia

    en.wikipedia.org/wiki/Cryptoeconomics

    Cryptoeconomics is an evolving economic paradigm for a cross-disciplinary approach to the study of digital economies and decentralized finance (DeFi) applications. [1] [2] [3] Cryptoeconomics integrates concepts and principles from traditional economics, cryptography, computer science, and game theory disciplines. [4]

  7. Missing market - Wikipedia

    en.wikipedia.org/wiki/Missing_market

    A variety of factors can lead to missing markets: A classic example of a missing market is the case of an externality like pollution, where decision makers are not responsible for some of the consequences of their actions.

  8. Abstract economy - Wikipedia

    en.wikipedia.org/wiki/Abstract_economy

    In theoretical economics, an abstract economy (also called a generalized N-person game) is a model that generalizes both the standard model of an exchange economy in microeconomics, and the standard model of a game in game theory.

  9. Margin (economics) - Wikipedia

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

    Within economics, margin is a concept used to describe the current level of consumption or production of a good or service. [1] Margin also encompasses various concepts within economics, denoted as marginal concepts, which are used to explain the specific change in the quantity of goods and services produced and consumed.