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  2. Prospect theory - Wikipedia

    en.wikipedia.org/wiki/Prospect_theory

    An important implication of prospect theory is that the way economic agents subjectively frame an outcome or transaction in their mind affects the utility they expect or receive. Narrow framing is a derivative result which has been documented in experimental settings by Tversky and Kahneman, [ 6 ] whereby people evaluate new gambles in ...

  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. Gresham's law - Wikipedia

    en.wikipedia.org/wiki/Gresham's_law

    Under Gresham's law, "good money" is money that shows little difference between its nominal value (the face value of the coin) and its commodity value (the value of the metal of which it is made, often precious metals, such as gold or silver). [4] The price spread between face value and commodity value when it is minted is called seigniorage.

  5. Deadweight loss - Wikipedia

    en.wikipedia.org/wiki/Deadweight_loss

    Assume a market for nails where the cost of each nail is $0.10. Demand decreases linearly; there is a high demand for free nails and zero demand for nails at a price per nail of $1.10 or higher. The price of $0.10 per nail represents the point of economic equilibrium in a competitive market.

  6. Value (economics) - Wikipedia

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

    Value for money is often expressed in comparative terms, such as "better", or "best value for money", [1] but may also be expressed in absolute terms, such as where a deal does, or does not, offer value for money. [2] Among the competing schools of economic theory there are differing theories of value.

  7. Overweight (stock market) - Wikipedia

    en.wikipedia.org/wiki/Overweight_(stock_market)

    Within the stock market, the term overweight can be used in two different contexts. [1] A rating of a stock by a financial analyst as having better value for money than other stocks. The other possible ratings are "underweight" and "equal weight", to indicate a particular stock's attractiveness. [2]

  8. Economic equilibrium - Wikipedia

    en.wikipedia.org/wiki/Economic_equilibrium

    If the current market price was $8.00 – there would be excess supply of 12,000 units. When there is a shortage in the market we see that, to correct this disequilibrium, the price of the good will be increased back to a price of $5.00, thus lessening the quantity demanded and increasing the quantity supplied thus that the market is in balance.

  9. Shrinkflation - Wikipedia

    en.wikipedia.org/wiki/Shrinkflation

    In economics, shrinkflation, also known as package downsizing, weight-out, [2] and price pack architecture [3] is the process of items shrinking in size or quantity while the prices remain the same. [ 4 ] [ 5 ] The word is a portmanteau of the words shrink and inflation .